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412 S Thompson AveSioux Falls, SD 57103

Lyon Homesite Addn · Minnehaha County

$499,000List price
11Beds
6Baths
5,376Sq Ft
1977Year built
0.23Acre lot
4 weeks agoOn market

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.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1977
Living area
5,376 Sq Ft
Lot size
0.23 acres
Lot dimensions
irregular
Days on market
32
MLS® Listing#
22607794

Property Features

Appliances
Refrigerator · Range · Dishwasher
Cooling
Window Unit(s)
Heating
Baseboard
Flooring
Laminate
Basement
Full
Parking
Detached
Construction
Brick Veneer
Roof
Composition
Sewer
Public Sewer
Water source
Public
Parcel number
39155

Schools

Elementary
Cleveland ES
Middle
Ben REifel Middle School
High
Washington HS

Directions

From E 10th, south on Cleveland, East on 13th to Thompson

Realtor Association of the Sioux Empire, Inc logo

Listing Courtesy: Keller Williams Realty Sioux Falls

Presented by: Amber Ellingsen

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.

Last Updated: 2026-10-09T00:00:00.000Z

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