1201 & 1205 S Blaine Ave, Sioux Falls, SD 57103
Riverview Addn · Minnehaha County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1962
Living Area
8,784 sq ft
Lot Size
0.37 acres
Lot Dimensions
Irregular
Days on Market
230
MLS® Listing#
22508662
Property Features
Appliances
Cooling
Parking
Roof
Security
Sewer
Water Source
Schools
- Elementary:
- Susan B Anthony ES
- Middle:
- Patrick Henry MS
- High:
- Lincoln HS
Financial Details
Parcel Number
44640 & 44641
Directions
18th St & Cleveland Ave, W to Blaine Ave, S to property
Affordability Calculator
$170,000
Estimated monthly payment
$4,524/mo
Principal $680,000 · Est. interest $948,661 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 134% above the area median.
- Its price per sq ft is 50% 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
Cleveland Elementary School
Elementary · 0.5 mi away
Lil' Hands Lil' Feet Daycare
School · 0.5 mi away
St Lambert's Elementary School
Elementary · 0.6 mi away
Eugene Field Elementary School
Elementary · 0.8 mi away
Horace Mann Elementary School
Elementary · 0.9 mi away
South Dakota School for the Deaf
School · 0.9 mi away
Harrisburg High School
Secondary · 0.9 mi away
Harvey Dunn Elementary School
Elementary · 1.0 mi away
Terry Redlin Elementary School
Elementary · 1.1 mi away
Teachwell Strive -05
Secondary · 1.3 mi away
Teachwell Solutions
School · 1.3 mi away
Longfellow Elementary School
Elementary · 1.3 mi away
Lincoln High School
Secondary · 1.4 mi away
Anne Sullivan Elementary School
Elementary · 1.4 mi away
Patrick Henry Middle School
Secondary · 1.5 mi away
St Mary School
School · 1.5 mi away
Whittier Middle School
Secondary · 1.6 mi away
Washington High School
Secondary · 1.6 mi away
Rosa Parks Elementary School
Elementary · 1.7 mi away
Tea Area School District
Secondary · 1.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2305 S Main Ave, Sioux Falls, SD | $595,000 | 4 | 2 | 2,478 |
| 151 E 4th Pl 604, Sioux Falls, SD | $596,845 | 2 | 2 | 1,511 |
| 901 Lakeshore Circle, No. Sioux City, SD | $599,000 | 3 | — | 1,989 |
| 6600 E Fieldview St, Sioux Falls, SD | $599,000 | 3 | 2 | 1,836 |
| 2401 E Joshua Cir, Sioux Falls, SD | $599,900 | 3 | 3 | 2,513 |
| 47649 Surrell St, Sioux Falls, SD | $599,900 | 3 | 2 | 2,419 |
Moving Cost Estimate
EXIT Agents in Sioux Falls
Listing Courtesy: Bender REALTORS
Last Updated: 2025-11-19