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Tyler Goff

REALTOR® - TEAM LEADER | Tyler Goff Group | Hegg, REALTORS Inc.

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1118 W 8th St , Sioux Falls, SD 57104
$314,000
Est. Payment: $1,577.53/mo
1 Bed
1 Bath
2204 Sqft
Status: active | Days on site: 63
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Tyler Goff, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Tyler Goff
REALTOR® - TEAM LEADER
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House Description

CASH FLOW MACHINE! This high-performing 5-Plex is priced at $314K 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.
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Highlights

Listed by Aiden Schoenhard , 605-848-3542 and Sarah Ekholm , 605-360-7506 Ekholm Team Real Estate , 605-360-7506. REALTOR® Association of the Sioux Empire, Inc. mls logo

Property Type

Multi-Family
Lot/Acreage
0.15

Year Built

1919

County

Minnehaha

 Neighborhood

Covell's 1st Addn

 School District

Sioux Falls

Listing ID

22603143

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:
Floor:Carpet,Vinyl,Laminate
Basement:Full
Water:Public

Exterior Features

Lot Dimensions:46 x 132
Roof:Composition
Sewer:Public Sewer
Parking Features:Detached
Principal Interest
$1,578
Taxes
$200

Home Price

$314,000

Loan Details

30 yrs
6.438%

Down Payment

20%
$62,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,577.53

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,577.53 $200.17 $0.00 $1,777.70
Yearly $18,930.31 $2,402.10 $0.00 $21,332.41
Total $567,909.45 $72,063.00 $0.00 $639,972.45

Today's Rates

30 Year

6.44%

20 Year

6.56%

15 Year

5.98%

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Market insight data is pulled from the same city as the listing being viewed (Sioux Falls, SD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR® Association of the Sioux Empire, Inc., and is deemed reliable but not guaranteed accurate. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

IDX service by Blueroof 360

Data last updated: 2026-08-24T02:43:27.000Z

© 2026 REALTOR® Association of the Sioux Empire, Inc.

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