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1201 & 1205 S Blaine Ave, 
Sioux Falls, SD 57103

$900,000


Bed


Bath


8,784

Sq Ft


Multi-Family

Active

Listed by

Rob Kurtenbach

Bender Realtors

605-339-9000

Last updated:

November 21, 2025, 08:16 PM

MLS#

22508662

Source:

SD RASE

About This Home

1201 & 1205 S Blaine Ave

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.

Home Facts

Multi-Family

Built in 1962

Price Summary

900,000

$102 per Sq. Ft.

MLS #:

22508662

Last Updated:

November 21, 2025, 08:16 PM

Added:

4 day(s) ago


Rooms & Interior

Interior

Living Area:

8,784 Sq. Ft.


Structure

Structure

Building Area:

8,784 Sq. Ft.

Year Built:

1962


Lot

Lot Size (Sq. Ft):

16,099


Finances & Disclosures

Finances

Price:

$900,000

Price per Sq. Ft:

$102 per Sq. Ft.

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The information being provided by REALTORS® Association Of The Sioux Empire, Inc Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 REALTORS® Association Of The Sioux Empire, Inc Mls All rights reserved.

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