About This Home

This 11-bedroom, 6-bathroom residential multi family at 412 S Thompson Ave in Sioux Falls, SD is listed for $499,000 ($93 per sqft). Built in 1977, the home offers 5,376 sqft of living space on a 0.23 acres lot.

Key Features

  • Built in 1977
  • 0.23 acre lot
  • 3 stories

Property Details

3 stories
6 full
1977

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

412 S Thompson Ave

Sioux Falls, SD 57103-2094

Lyon Homesite Addn

Property Details

Flooring

Laminate

Construction

Brick Veneer

Heating

Baseboard

Cooling

Window Unit(s)

Appliances

DishwasherRangeRefrigerator

Questions & Answers

This 11-bedroom, 6-bathroom residential multi family at 412 S Thompson Ave is listed at $499,000 ($93/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.23 acre lot, 3 stories.

This property is listed by Amber Ellingsen.

AE

Amber Ellingsen

Agent at Keller Williams Realty Sioux Falls

Listed by Keller Williams Realty Sioux Falls · Broker phone: (605) 275-0555 · View on Broker Site · Broker website

MLS# 22607794· Source: Realtor Association of the Sioux Empire MLS· 20 days on PropertySimple

Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

412 S Thompson Ave, Sioux Falls, SD 57103-2094

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