301 W 18th St - Apartments FOR SALE


Sioux Falls, SD 57105
$500,000 USD
605-228-9744
301 W 18th St, Sioux Falls, SD for Sale
$500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

301 W 18th St
Sioux Falls, SD 57105


HIGHLIGHTS

  • Located in the All Saints Historic District, minutes from downtown Sioux Falls.
  • Unit mix includes two 1-bedroom units and two 2-bedroom units, each with one bath.
  • On-site coin-operated laundry and a three-stall detached garage.
  • Current annual rental income of $37,860 with upside potential.
  • Convenient access to Minnesota Avenue and nearby retail and dining options.

OVERVIEW

This 4-plex multifamily property is located in the All Saints Historic District, just minutes from Downtown Sioux Falls. The building offers a mix of two 1-bedroom units and two 2-bedroom units, providing a balanced rental income opportunity. Each unit is equipped with one bathroom, and the property includes a coin-operated laundry facility on-site for tenant convenience. A three-stall detached garage adds additional value and potential income. The property sits on West 18th Street, just west of Minnesota Avenue, offering easy access to major city routes and nearby amenities. Tenants benefit from proximity to popular dining options such as Sioux Falls Food Co+op, Pita Pit, Domino’s, Taco Bell, and more. With a current annual rental income of $37,860 and one unit available for lease, this property presents a strong investment opportunity in a desirable neighborhood.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

4

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

46316

ASK ABOUT THIS PROPERTY

Marcus MahlenNAI Sioux FallsMore Info
605-228-9744

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Marcus MahlenNAI Sioux FallsMore Info
605-228-9744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.