412 S Thompson Ave
Sioux Falls, SD 57103
$550,000
Baths:
Number of Units:
6
Type:
Multi-Unit Residential
Listing #
22606055
Rare opportunity to acquire a fully occupied, professionally managed 6-unit investment property in a desirable Sioux Falls location. The property consists of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a well-balanced unit mix with strong rental demand. Common area coin opereated laundry. Updates include boiler, HVAC and concrete. This well-maintained asset provides a turnkey investment opportunity with a proven occupancy history. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, schools, medical facilities, and I-229, this property is an excellent addition to any investment portfolio.
Property Features
Inside CIty Limits:
Yes
County:
Minnehaha
MLS Area:
SF-E005
Cross Street:
13th
Latitude:
43.54442
Longitude:
-96.687553
Subdivision:
Lyon Homesite Addn
Directions:
From E 10th, south on Cleveland, East on 13th to Thompson
Heating:
Baseboard
Cooling:
Window Unit(s)
Floors:
Laminate
Appliances:
Dishwasher, Range, Refrigerator
Basement Description:
Full
Has Basement:
Yes
Total Number of Units:
6
Stories:
3
Construction:
Brick Veneer
Foundation:
Poured
Roof:
Composition
Water Source:
Public
Septic or Sewer:
Public Sewer
Parking Description:
Detached
Lot Size in Acres:
0.23
Lot Size in Sq. Ft.:
10,014
Parcel Size Dimensions:
irregular
School District:
Sioux Falls
Elementary School:
Cleveland ES
Middle School:
Ben REifel Middle School
High School:
Washington HS
Possession:
Other
Property Type:
RI
Property SubType:
Six Plex
Property SubType 2:
Six Plex
Year Built:
1977
APN:
39155
Status:
Active - Active
Owner Pays:
Electricity, Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
Tax Amount:
$0
Square Feet Source:
Public Records
Days on Market:
4
Listing courtesy of Amber Ellingsen, Keller Williams Realty Sioux Falls
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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 August 13, 2026, 6:06 AM CT
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