1201 & 1205 S Blaine Ave, Sioux Falls For Sale

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.