$900,000

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

Multi-Family Home
Built in 1962
0.37acre lot
—— car garage
$——/sqft
Listed 11 days ago

Property Description

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.

Listing Status:: Active
Listing Office:: Bender REALTORS : 605-339-9000
Listing Agent:: Rob W Kurtenbach : 605-940-0559
MLS ID:: 22508662

Appliances: RefrigeratorRangeDishwasherMicrowave
A/C: Window Unit(s)

Parking: Paved

Roofing: Composition

Originating MLS: REALTOR Association of the Sioux Empire
School District: Sioux Falls
County: Minnehaha

Zoning: SUB of Lots 11 & 12 & Pts Lots 1 & Lot 5 & Lot 6Block 2 of the Riverview Addition44640 & 44641

Water: Public
Sewer: Public Sewer

Source: REALTOR Association of the Sioux Empire

This listing courtesy of Rob W Kurtenbach, Bender REALTORS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Cleveland Elementary School

1000 S Edward Dr, Sioux Falls, SD, 57103

Grades KG-5

0.49 miles away

Patrick Henry Middle School

2200 S 5th Ave, Sioux Falls, SD, 57105

Grades 6-8

1.46 miles away

Lincoln High School

2900 S Cliff Ave, Sioux Falls, SD, 57105

Grades 9-12

1.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.