1118 W 8th Street
Sioux Falls, SD 57104
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Bed
0
Bath
2,204Sqft
0.15Acre(Lot)
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 num
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Full -
Flooring Information
Carpet, Vinyl, Laminate -
Roofing Information
Composition -
Interior Features
Roof: Composition
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Building Information
Year Built: 1919 Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 46 x 132 Lot Size Acres: 0.1515 Lot Size Square Feet: 6599Property Information
Subdivision: Covell's 1st Addn Source Property Type: Residential Income MLS Area Minor: SF-N005 Property SubType: Multi Family Property Age: 107
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Listing Price Information
Listing Price: $325000
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Tax Information
Parcel Number: 28985 Tax Legal Desc: W 50` 10 To 12 Block 12 Covell's 1st Addn To City Of Sioux Falls
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Parking Information
Detached
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School Information
Elementary School: Lowell ESJunior High School: George McGovern MS - Sioux FallsSenior High School: Thomas Jefferson High School -
Location Information
Direction: use google maps WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1426 E 17th Street, Sioux Falls, SD, 57104 | $224,900 | 4 | -- | 1,456 | 1,456 SqFt |
| 627 S 6th Avenue, Sioux Falls, SD, 57104 | $269,999 | -- | -- | 1,162 | 1,162 SqFt |
| 207 W 14th Street, Sioux Falls, SD, 57104 | $360,000 | -- | -- | 3,632 | 3,632 SqFt |
| 410 Spring Avenue Avenue, Sioux Falls, SD, 57104 | $800,000 | 1 | -- | 4,480 | 4,480 SqFt |
| 227 N Spring Avenue, Sioux Falls, SD, 57104 | $339,900 | -- | -- | 1,966 | 1,966 SqFt |
| 213 S Spring Avenue, Sioux Falls, SD, 57104 | $499,000 | -- | -- | 3,230 | 3,230 SqFt |
| 1305 S Spring Avenue, Sioux Falls, SD, 57104 | $275,000 | 7 | -- | 2,300 | 2,300 SqFt |
| 218 N Summit Avenue, Sioux Falls, SD, 57104 | $425,000 | 4 | -- | 3,312 | 3,312 SqFt |
| 624 W 11th Street, Sioux Falls, SD, 57104 | $275,000 | 3 | -- | 2,948 | 2,948 SqFt |
| 707 709 W 8th Street, Sioux Falls, SD, 57104 | $525,000 | 5 | -- | 2,996 | 2,996 SqFt |
Similar Multifamily To 1118 W 8th Street
Nearby For Sale
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 06/12/2026 @ 10:56
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