201 N French Ave, Sioux Falls, SD 57103
Minnehaha County
Key Facts
Description
201 N French Ave presents a compelling four-unit multifamily investment opportunity in Sioux Falls, South Dakota.? This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk.? Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done.? At a reduced price, this is a well-positioned value-add opportunity for investors looking to scale their multifamily portfolio in Sioux Falls.? This mixed unit configuration offers ownership flexibility to hold for cash flow or build on renovation momentum, making it an efficient way to scale a multifamily portfolio at a reduced price.? The building has also benefited from a new roof installed in 2022, significantly reducing near-term capital expenditures and enhancing long-term durability.? Located in an established Sioux Falls neighborhood with convenient access to employment centers, retail, and daily amenities, 201 N French Ave offers investors a well-maintained asset with a proven rental profile and continued upside potential.?
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1915
Living Area
2,729 sq ft
Lot Size
0.09 acres
Zoning
res
Days on Market
159
MLS® Listing#
831621
Property Features
Cooling
Heating
Sewer
Water Source
Financial Details
Annual Taxes
$3,570
Tax year 2024
Parcel Number
033983
Directions
N. Cliff And 8 Th St., West 1 Block To French, 4 Plex On Corner
Affordability Calculator
$74,980
Estimated monthly payment
$1,995/mo
Principal $299,920 · Est. interest $418,415 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sioux Falls, SD
- $363,250
- Median Listing Price
- 45
- Median Days on Market
- 1,778
- Median Sq Ft
- $195
- Median Price / Sq Ft
- 1,012
- Active Listings
- This home’s price is 3% above the area median.
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sioux Falls, SD.
Location
Points of Interest in Sioux Falls, SD
Showing the Sioux Falls area map.
Nearby Schools
Whittier Middle School
Secondary · 0.2 mi away
Terry Redlin Elementary School
Elementary · 0.4 mi away
Harrisburg High School
Secondary · 0.6 mi away
Teachwell Strive -05
Secondary · 0.6 mi away
Teachwell Solutions
School · 0.6 mi away
Eugene Field Elementary School
Elementary · 0.6 mi away
South Dakota School for the Deaf
School · 0.6 mi away
Tea Area School District
Secondary · 0.8 mi away
Longfellow Elementary School
Elementary · 1.0 mi away
Hawthorne Elementary School
Elementary · 1.1 mi away
Laura B. Anderson Elementary
Elementary · 1.1 mi away
St Joseph Cathedral School
Secondary · 1.1 mi away
Lil' Hands Lil' Feet Daycare
School · 1.1 mi away
Horace Mann Elementary School
Elementary · 1.4 mi away
Lowell Elementary School
Elementary · 1.4 mi away
St Mary School
School · 1.5 mi away
Cleveland Elementary School
Elementary · 1.6 mi away
Patrick Henry Middle School
Secondary · 1.7 mi away
Mark Twain Elementary School
Elementary · 1.7 mi away
Anne Sullivan Elementary School
Elementary · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1305 S Spring Ave, Sioux Falls, SD | $275,000 | 7 | — | 2,300 |
| 826 2nd St, Sioux Falls, SD | $325,000 | 8 | — | 4,096 |
| 201 N French Ave, Sioux Falls, SD | $374,900 | 8 | — | 2,792 |
| 5212 W 47th St, Sioux Falls, SD | $400,000 | 7 | — | 3,888 |
| 5208 W 47th St, Sioux Falls, SD | $400,000 | 7 | — | 3,744 |
Moving Cost Estimate
EXIT Agents in Sioux Falls
Listing Courtesy: Gateway Real Estate Advisors
Presented by: Nic Madsen