412 S Thompson Ave Sioux Falls, SD 57103-2094
Listing Courtesy of: MLS LogoSIOUX EMPIRE / Listed By: Keller Williams Realty Sioux Falls

  412 S Thompson Ave Sioux Falls, SD 57103-2094

Active (18 Days)
$550,000 (USD)

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.

MLS #:
22606055
Lot Size
10,014 SQFT
Type
Multifamily
Year Built
1977
School District
Sioux Falls
County
Minnehaha County

Listed By

Amber D Ellingsen, Keller Williams Realty Sioux Falls
Source
SIOUX EMPIRE
Last checked Aug 28 2026 at 1:44 AM GMT+0000
Bathroom Details
Interior Features
  • Dishwasher
  • Refrigerator
  • Range
Subdivision
  • Lyon Homesite Addn
Property Features
  • Foundation: Poured
Heating and Cooling
  • Baseboard
  • Window Unit(s)
Basement Information
  • Full
Flooring
  • Laminate
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Water: Public
  • Sewer: Public Sewer
School Information
  • Elementary School: Cleveland Es
  • Middle School: Ben Reifel Middle School
  • High School: Washington Hs
Parking
  • Detached
Stories
  • 3
Living Area
  • 5,376 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Copyright 2026 Realtors Association of the Sioux Empire. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/27/26 18:44