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1201 & 1205 S Blaine Avenue

Sioux Falls, SD 57103
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Bed --

Bed

Bath 0

Bath

SqFt8,784

Sqft

Acres0.37

Acre(Lot)

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 Dak ota 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $900,000

AD Id : 63619449

MLS Id : 22508662

Lot Size : 0.37 Acre

Living Area Size : 8,784

Year Built : 1962

County : Minnehaha

Subdivision: Windmill Club

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Feature Features

  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition Appliances: Refrigerator, Range, Dishwasher, Microwave
  • Heating & Cooling

    Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1962 Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: Irregular Lot Size Acres: 0.3696 Lot Size Square Feet: 16099

    Property Information

    Subdivision: Riverview Addn Source Property Type: Residential Income MLS Area Minor: SF-E008 Property SubType: Multi Family Property Age: 64

  • Listing Price Information

    Listing Price: $900000

  • Tax Information

    Parcel Number: 44640 & 44641 Tax Legal Desc: SUB of Lots 11 & 12 & Pts Lots 1 & Lot 5 & Lot 6, Block 2 of the Riverview Addition

  • Parking Information

    Paved

  • School Information

    Elementary School: Susan B Anthony ES
    Junior High School: Patrick Henry MS
    Senior High School: Lincoln HS
  • Location Information

    Direction: 18th St & Cleveland Ave, W to Blaine Ave, S to property WaterSource: Public Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2117 S Melanie Ln Lane, Sioux Falls, SD, 57103 $334,900 3 2 1,693 1,693 SqFt
3216 S Pillsberry Avenue, Sioux Falls, SD, 57103 $369,900 3 2 1,934 1,934 SqFt
3179 S Tyler Court, Sioux Falls, SD, 57103 $359,000 4 2 1,826 1,826 SqFt
701 S Rohl Drive, Sioux Falls, SD, 57103 $330,000 4 2 1,636 1,636 SqFt
3917 E Claudette Drive, Sioux Falls, SD, 57103 $315,000 4 2 1,718 1,718 SqFt
1325 S Annway Drive, Sioux Falls, SD, 57103 $289,900 3 2 1,752 1,752 SqFt
1013 N Danielle Drive, Sioux Falls, SD, 57103 $527,700 5 4 3,152 3,152 SqFt
3328 E Broken Arrow Str.., Sioux Falls, SD, 57103 $440,000 3 2 1,493 1,493 SqFt
913 N Caleb Avenue, Sioux Falls, SD, 57103 $450,000 4 2 1,592 1,592 SqFt
3604 E 25th Street, Sioux Falls, SD, 57103 $284,900 4 2 1,820 1,820 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 06/18/2026 @ 18:17

MLS: 22508662 LISTED BY: Rob Kurtenbach, Bender REALTORS 605-339-9000 SOURCE: REALTOR Association of the Sioux Empire

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