1118 W 8th St, Sioux Falls, SD 57104-2876
- $314,000
- 2,204
- SqFt
- List Price
- $314,000
- MLS#
- 22603143
- Price Change
- ▼ $11,000 1781805708
- Living Area
- 2,204
- Lot Size
- 6,599
Property Description
CASH FLOW MACHINE! This high-performing 5-Plex is priced at $314K with approximately $3,660/month in gross rental potential—exceeding the 1% Rule. Whether you're an investor chasing strong returns or an owner-occupant looking to offset your mortgage, this one delivers. Each unit offers 1 bed, 1 bath, making it highly attractive for consistent tenant demand and easy leasing. Recent improvements include fresh interior and exterior paint, with most units featuring new flooring, carpet, and updated finishes, giving the property a clean, modern feel tenants are actively looking for. A detached garage adds additional income potential, creating another stream of cash flow. This is a true turnkey opportunity with strong rental upside and minimal immediate maintenance needs. High demand, strong numbers, and above-average returns—opportunities like this don’t last. Lock it in before someone else does.
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Additional Information
- School District
- SiouxFalls
- Middle School
- George McGovern MS - Sioux Falls
- High School
- Thomas Jefferson High School
- Elementary School
- Lowell ES
- Acres
- 0.15
- Basement
- Full
- Foundation
- Other
- Living Area
- 2,204
- Lot Size
- 6,599
- Possession
- Negotiable
- Roof
- Composition
- Sewer
- Public Sewer
- Stories
- 2
- Subdivision
- Covell's 1st Addn
- Water
- Public
- Year Built
- 1919
Courtesy of Aiden Schoenhard from Ekholm Team Real Estate.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. © 2026 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.