412 S Thompson Avenue
Sioux Falls, SD 57103
11
Bed
0
Bath
5,376Sqft
0.23Acre(Lot)
Rare opportunity to acquire a fully occupied, professionally managed 6-unit investment property in a desirable Sioux Falls location. The property consists of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a well-balanced unit mix with strong rental demand. Common area coin opereated laundry. Updates include boiler, HVAC and concrete. This well-maintained asset provides a turnkey investment opportunity with a proven occupancy history. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, schools, medical facilities, and I-229, this property is an excellent addition to any investment portfolio.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 11Room Information
Has Basement: Yes Basement: Full -
Flooring Information
Laminate -
Roofing Information
Composition -
Interior Features
Roof: Composition Appliances: Refrigerator, Range, Dishwasher -
Heating & Cooling
Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1977 Construction Materials: Brick Veneer Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: irregular Lot Size Acres: 0.2299 Lot Size Square Feet: 10014Property Information
Subdivision: Lyon Homesite Addn Source Property Type: Residential Income MLS Area Minor: SF-E005 Property SubType: Multi Family Property Age: 49
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Listing Price Information
Listing Price: $550000
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Tax Information
Parcel Number: 39155 Tax Legal Desc: Melloons Sub of Tracts 2&3 5 Block 2 Lyon S Homesite Addn to City of Sioux Falls
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Parking Information
Detached
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School Information
Elementary School: Cleveland ESJunior High School: Ben REifel Middle SchoolSenior High School: Washington HS -
Location Information
Direction: From E 10th, south on Cleveland, East on 13th to Thompson WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4304 E 26th Street, Sioux Falls, SD, 57103 | $10,100,000 | 2 | -- | 33,552 | 0.77 Acre |
| 2800 E Madison Street #.., Sioux Falls, SD, 57103 | $640,000 | -- | -- | 5,200 | 0.40 Acre |
| 2905 E Klondike Trail, Sioux Falls, SD, 57103 | $329,900 | 4 | -- | 2,080 | 0.20 Acre |
| 2900 E Klondike Trail, Sioux Falls, SD, 57103 | $549,000 | 8 | -- | 3,776 | 0.32 Acre |
| 2700 E 12th Street, Sioux Falls, SD, 57103 | $219,000 | 3 | -- | 1,260 | 0.13 Acre |
| 904 S Blaine Avenue, Sioux Falls, SD, 57103 | $340,000 | -- | -- | 2,550 | 0.15 Acre |
| 908 S Blaine Avenue, Sioux Falls, SD, 57103 | $320,000 | -- | -- | 2,550 | 0.16 Acre |
| 2601 E Pioneer Trail, Sioux Falls, SD, 57103 | $539,000 | 8 | -- | 3,264 | 0.32 Acre |
| 712 S Jessica Ave Avenue, Sioux Falls, SD, 57103 | $350,000 | 4 | -- | 1,536 | 0.20 Acre |
| 1409 N Blauvelt Avenue, Sioux Falls, SD, 57103 | $289,900 | 4 | -- | 1,824 | 0.13 Acre |
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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 09/29/2026 @ 20:09
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