1118 W 8th St Street
Sioux Falls, SD 57104
$325,000
Baths:
Number of Units:
Type: Multi-Unit Residential
Listing # 22603143
CASH FLOW MACHINE! This high-performing 5-Plex is priced at $325K with approximately $3,660/month in gross rental potential--exceeding the 1% Rule. Whether you're an investor chasing strong returns or an owner-occupant looking to offset your mortgage, this one delivers. Each unit offers 1 bed, 1 bath, making it highly attractive for consistent tenant demand and easy leasing. Recent improvements include fresh interior and exterior paint, with most units featuring new flooring, carpet, and updated finishes, giving the property a clean, modern feel tenants are actively looking for. A detached garage adds additional income potential, creating another stream of cash flow. This is a true turnkey opportunity with strong rental upside and minimal immediate maintenance needs. High demand, strong numbers, and above-average returns--opportunities like this don't last. Lock it in before someone else does.
Property Features
Inside CIty Limits: Yes
County: Minnehaha
MLS Area: SF-N005
Latitude: 43.548808
Longitude: -96.743809
Subdivision: Covell's 1st Addn
Directions: use google maps
Floors: Carpet, Vinyl, Laminate
Basement Description: Full
Has Basement: Yes
Stories: 2
Foundation: Other
Roof: Composition
Water Source: Public
Septic or Sewer: Public Sewer
Parking Description: Detached
Lot Size in Acres: 0.152
Lot Size in Sq. Ft.: 6,599
Parcel Size Dimensions: 46 x 132
School District: Sioux Falls
Elementary School: Lowell ES
Middle School: George McGovern MS - Sioux Falls
High School: Thomas Jefferson High School
Possession: Negotiable
Property Type: RI
Property SubType: Other
Property SubType 2: Other
Year Built: 1919
APN: 28985
Status: Active - Active
Square Feet Source: Public Records
Days on Market: 0
Listing courtesy of Aiden Schoenhard, Ekholm Team Real Estate
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RASE data last updated at May 5, 2026, 5:27 PM CT
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