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304 - 308 S Conklin Avenue

Sioux Falls, SD 57103
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Bed 9

Bed

Bath 0

Bath

SqFt7,250

Sqft

Acres0.42

Acre(Lot)

Conklin Apartments, located at 304–308 S. Conklin Ave in Sioux Falls, offers an excellent opportunity to acquire a 12-unit multifamily property in a strong rental market. Built in 1975, this Class B garden-style complex features a mix of one studio unit at 450 sq. ft., five one-bedroom units at 550 sq. ft., and six two-bedroom units at 675 sq. ft., for a total of 7,250 net rentable square feet situated on a 0.42-acre lot. The property includes off-street parking at a ratio of 1.17 spaces per unit, brick exterior construction with a mansard-style roof, and individually metered electricity with sub-metered water and sewer. As of June 24, 2025, the building is 91.7% occupied with in-place rents totaling $7,187 per month and a market rent potential of $9,323 per month, offering clear upside f or investors through lease-up and rent adjustments. Units feature functional layouts with balconies or patios, standard appliances, and laundry connections. The property benefits from a convenient location with excellent visibility, quick access to Interstate 229, and close proximity to retail, dining, and major employment hubs. With its desirable location and income growth potential, Conklin Apartments presents a solid opportunity for both value-add and long-term hold strategies in the growing Sioux Falls market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 63151226

MLS Id : 22506308

Beds : 9

Lot Size : 0.42 Acre

Living Area Size : 7,250

Year Built : 1975

County : Minnehaha

Subdivision: Stonehurst

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Feature Features

  • Bedroom Information

    Total beds: 9

  • Building Information

    Year Built: 1975 Building Area Total: 8855 Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: Irregular Lot Size Acres: 0.4182 Lot Size Square Feet: 18218

    Property Information

    Subdivision: Unp 15-101-49 Source Property Type: Residential Income MLS Area Minor: SF-C006 Property SubType: Multi Family Property Age: 51

  • Listing Price Information

    Listing Price: $1200000

  • Tax Information

    Parcel Number: 53800 Tax Legal Desc: CO AUD SUB SE14 S4 70 & ALL 71, 72 & 73 15-101-49 SIOUX FALLS CITY UNPLATTED

  • Parking Information

    Detached

  • School Information

    Elementary School: Terry Redlin ES
    Junior High School: Whittier MS
    Senior High School: Lincoln HS
  • Location Information

    Direction: 12th & Conklin, N to property
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1300 S Point Drive, Sioux Falls, SD, 57103 $235,000 2 2 1,258 1,258 SqFt

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 06:14

MLS: 22506308 LISTED BY: Blake Bohner, 605 Real Estate LLC 605-759-4294 SOURCE: REALTOR Association of the Sioux Empire

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