About This Home

This 8-bedroom, 4-bathroom residential multi family at 201 N French Ave in Sioux Falls, SD is listed for $374,900 ($137 per sqft). Built in 1915, the home offers 2,729 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1915
  • 0.09 acre lot

Property Details

4 full
1915

Amenities

A/C
Listing Description

201 N French Ave presents a compelling four-unit multifamily investment opportunity in Sioux Falls, South Dakota.? This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk.? Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done.?

At a reduced price, this is a well-positioned value-add opportunity for investors looking to scale their multifamily portfolio in Sioux Falls.? This mixed unit configuration offers ownership flexibility to hold for cash flow or build on renovation momentum, making it an efficient way to scale a multifamily portfolio at a reduced price.?

The building has also benefited from a new roof installed in 2022, significantly reducing near-term capital expenditures and enhancing long-term durability.? Located in an established Sioux Falls neighborhood with convenient access to employment centers, retail, and daily amenities, 201 N French Ave offers investors a well-maintained asset with a proven rental profile and continued upside potential.??

Monthly Cost Estimate

$2,005/mo

20% down · 6.5% · 30 years

Principal$271
Interest$1,625
Insurance$109

Estimates only. Actual payments may vary.

Location

201 N French Ave

Sioux Falls, SD 57103-1357

Property Details

Heating

Forced Air

Cooling

Window Unit(s)

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 201 N French Ave is listed at $374,900 ($137/sqft). The estimated monthly payment is $2,005 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.09 acre lot.

This property is listed by Nic Madsen.

NM

Nic Madsen

Agent at Gateway Real Estate Advisors

Listed by Gateway Real Estate Advisors · Broker phone: 7128988372 · View on Broker Site

MLS# 831621· Source: Northwest Iowa Regional Board of Realtors· 278 days on PropertySimple

Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

201 N French Ave, Sioux Falls, SD 57103-1357

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