$565,000

316 E 15Th St Street, Sioux Falls, SD 57104

  • 5,466 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1916
  • Property Lot Size Icon5,001sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $103/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Fully occupied and extensively renovated 9-unit apartment building in the core of Sioux Falls. One block south of Sunshine Foods and steps from downtown, this property offers a prime location surrounded by major employment, shopping, and city amenities. The two-story building features nine one-bedroom, one-bath units, each modernized inside and out. Comprehensive updates cover both cosmetic and major capital items, positioning the asset for low-maintenance ownership and long-term stability. Landlord covers water, sewer, trash, and heat (with RUBS in place for utility bill-backs), while tenants pay electric. The site provides front and rear access, on-site and off-street parking, and shared laundry for additional income potential. With strong occupancy and durable finishes, the property is already performing well but still offers significant upside through gradual rent adjustments as renewals come due. The size and location also make it a compelling candidate for mid-term or furnished housing strategies targeting healthcare or downtown professionals. A clean, updated, and well-located multifamily asset with stable income today and meaningful upside ahead — the ideal balance of turnkey condition and future growth potential.

Listing Status:
Active
Listing Office:
605 Real Estate LLC : 605-759-4294
Listing Agent:
Blake C Bohner : 605-251-7944
MLS ID:
22507797
  • Appliances: RefrigeratorRange
  • Basement: Partial
  • Flooring: CarpetLaminate
  • A/C: Window Unit(s)
  • Heating: Natural Gas
  • Parking: Paved
  • Roofing: Tar/Gravel
  • General: HardiPlank TypeBlock
  • Originating MLS: REALTOR Association of the Sioux Empire
  • School District: Sioux Falls
  • County: Minnehaha
  • Zoning: W 50` 7 & 8 BLOCK 33 GALE`S 4TH ADDN TO SIOUX FALLS32505
  • Water: Public
  • Sewer: Public Sewer
  • Source: REALTOR Association of the Sioux Empire

This listing courtesy of Blake C Bohner, 605 Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lowell Elementary School

710 W 18th St, Sioux Falls, SD, 57104

Grades KG-5

0.70 miles away

W

Whittier Middle School

930 E 6th St, Sioux Falls, SD, 57103

Grades 6-8

0.88 miles away

S

Success Academy - 39

201 N West Ave, Sioux Falls, SD, 57104

Grades 6-12

1.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.