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Courtesy of Blake Bohner from 605 Real Estate LLC.

Conklin Apartments, located at 304–308 S. Conklin Ave in Sioux Falls, offers an excellent opportunity to acquire a 12-unit multifamily property in a strong rental market. Built in 1975, this Class B garden-style complex features a mix of one studio unit at 450 sq. ft., five one-bedroom units at 550 sq. ft., and six two-bedroom units at 675 sq. ft., for a total of 7,250 net rentable square feet situated on a 0.42-acre lot. The property includes off-street parking at a ratio of 1.17 spaces per unit, brick exterior construction with a mansard-style roof, and individually metered electricity with sub-metered water and sewer. As of June 24, 2025, the building is 91.7% occupied with in-place rents totaling $7,187 per month and a market rent potential of $9,323 per month, offering clear upside for investors through lease-up and rent adjustments. Units feature functional layouts with balconies or patios, standard appliances, and laundry connections. The property benefits from a convenient location with excellent visibility, quick access to Interstate 229, and close proximity to retail, dining, and major employment hubs. With its desirable location and income growth potential, Conklin Apartments presents a solid opportunity for both value-add and long-term hold strategies in the growing Sioux Falls market.

Conklin Apartments, located at 304–308 S. Conklin Ave in Sioux Falls, offers an excellent opportunity to acquire a 12-unit multifamily property in a strong rental market. Built in 1975, this Class B garden-style complex features a mix of one studio unit at 450 sq. ft., five one-bedroom units at 550 sq. ft., and six two-bedroom units at 675 sq. ft., for a total of 7,250 net rentable square feet situated on a 0.42-acre lot. The property includes off-street parking at a ratio of 1.17 spaces per unit, brick exterior construction with a mansard-style roof, and individually metered electricity with sub-metered water and sewer. As of June 24, 2025, the building is 91.7% occupied with in-place rents totaling $7,187 per month and a market rent potential of $9,323 per month, offering clear upside for investors through lease-up and rent adjustments. Units feature functional layouts with balconies or patios, standard appliances, and laundry connections. The property benefits from a convenient location with excellent visibility, quick access to Interstate 229, and close proximity to retail, dining, and major employment hubs. With its desirable location and income growth potential, Conklin Apartments presents a solid opportunity for both value-add and long-term hold strategies in the growing Sioux Falls market.

304 308 S Conklin Ave, Sioux Falls

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.