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Tyler Goff

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

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1201 & 1205 S Blaine Ave , Sioux Falls, SD 57103
$850,000
Est. Payment: $4,270.37/mo
0 Bed
1 Bath
8784 Sqft
Status: active | Days on site: 230
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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Tyler Goff
REALTOR® - TEAM LEADER

House 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.

Highlights

Listed by Rob Kurtenbach , 605-940-0559 Bender REALTORS , 605-339-9000. REALTOR® Association of the Sioux Empire, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.37

Year Built

1962

County

Minnehaha

Neighborhood

Riverview Addn

School District

Sioux Falls

Listing ID

22508662

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:1
  • Full Bathrooms:
Appliances:Refrigerator, Range, Dishwasher, Microwave
Air Cond:Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot Dimensions:Irregular
Roof:Composition
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$4,270
Taxes
$542

Home Price

$850,000

Loan Details

30 yrs
6.438%

Down Payment

20%
$170,000
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:
$4,270.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,270.37 $541.88 $0.00 $4,812.25
Yearly $51,244.48 $6,502.50 $0.00 $57,746.98
Total $1,537,334.49 $195,075.00 $0.00 $1,732,409.49

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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