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1201 & 1205 S Blaine Ave Avenue
Sioux Falls, SD 57103

$900,000

Baths:
Number of Units: 10
Type: Multi-Unit Residential
Listing # 22508662
Fantastic Investment Opportunity -- 10-Unit Apartment Property. Discover a strong-performing multifamily investment located at 1201 & 1205 S Blaine Ave in Sioux Falls. This offering includes two separate apartment buildings totaling 10 units--ideal for buyers seeking portfolio growth, value-add potential, or flexible resale options in the future. The first building features 4 units, and the second offers 6 units. Together, the properties include eight 2-bed/1-bath units and two 1-bed/1-bath units, providing a desirable mix for consistent occupancy. Because the parcels are individually platted, a buyer could explore purchasing or financing them separately. Owner-occupied buyers interested in alternative financing may also consider verifying whether the 4-unit building qualifies for South Dakota Housing financing (low down payment options). Current rents sit slightly below market, offering immediate upside for an investor. Even greater returns could be achieved through self-management, creating additional cash flow. Offered at $900,000 for both properties, this is a rare opportunity to acquire stable, well-located rental units with strong long-term potential. Perfect for both new investors and seasoned owners looking to expand their holdings. 1201 building had a new roof in 2022 and the other roof is estimated at less than 10 years old. Financials are available upon request from the broker. One or more of the owners is a licensed real estate broker in South Dakota.
Property Features
Location Information
Inside CIty Limits: Yes
County: Minnehaha
MLS Area: SF-E008
Latitude: 43.5356399990332
Longitude: -96.6929777275085
Subdivision: Riverview Addn
Directions: 18th St & Cleveland Ave, W to Blaine Ave, S to property
Interior Features
Cooling: Window Unit(s)
Appliances: Dishwasher, Microwave, Range, Refrigerator
Total Number of Units: 10
Exterior Features
Stories: 2
Roof: Composition
Water Source: Public
Septic or Sewer: Public Sewer
Security Features: Smoke Detector(s)
Parking Description: Paved
Lot Size in Acres: 0.37
Lot Size in Sq. Ft.: 16,099
Parcel Size Dimensions: Irregular
School
School District: Sioux Falls
Elementary School: Susan B Anthony ES
Middle School: Patrick Henry MS
High School: Lincoln HS
Additional Information
Possession: Negotiable
Property Type: RI
Property SubType: Other
Property SubType 2: Other
Year Built: 1962
APN: 44640 & 44641
Status: Active - Active
Days on Market: 130

Listing courtesy of Rob Kurtenbach, Bender REALTORS

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Realty are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Properties marked with the icon of the REALTOR® Association of the Sioux Empire, Inc. are provided courtesy of the REALTOR® Association of the Sioux Empire, Inc., MLS Internet Data Exchange Database. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Information Deemed Reliable but Not Guaranteed.
RASE data last updated at March 29, 2026, 5:28 PM CT

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