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$ 325,000
Est. payment | /mo
2,204 SqFt
$ 325,000
Est. payment | /mo
2,204 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,204 sqft
Price per Sqft $147
Subdivision Covell'S 1St Addn
MLS Listing ID 22603143
Year Built 1919
Lot Size 6,599 Sqft
Property Sub-Type Other
Property Description
CASH FLOW MACHINE! This high-performing 5-Plex is priced at $325K 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.
Location
State SD
County Minnehaha
Area Sfn005
Rooms
Basement Full
Interior
Flooring Carpet, Vinyl, Laminate
Exterior
Roof Type Shingle Composition
Building
Foundation Other
Sewer City Sewer
Water City Water
Schools
Elementary Schools Lowell Es
Middle Schools George Mcgovern Ms - Sioux Falls
High Schools Thomas Jefferson High School
School District Sioux Falls
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved
LIsted by Ekholm Team Real Estate • Aiden Schoenhard
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