1118 W 8th St Sioux Falls, SD 57104
Cathedral NeighborhoodEstimated payment $2,097/month
Total Views
26,688
--
Bed
--
Bath
2,200
Sq Ft
$153
Price per Sq Ft
Highlights
- Forced Air Heating System
- Carpet
- 4-minute walk to Terrace Park Amphitheatre
About This Home
Finally! If you've been chasing an investment property in compliance with the 1% rule, here it is. Gross rents of ~$3480 available at $337k! Recent improvements include a newer roof and freshly painted exterior for long-term durability and curb appeal. Most units feature remodeled interiors with updated paint, flooring, and lighting. The basement unit was fully renovated with a modern kitchen, tile shower, and contemporary finishes throughout. There is also a detached garage for additional monthly revenue. This is a turnkey opportunity with consistent income and minimal immediate maintenance needs.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,581
Year Built
- Built in 1919
Lot Details
- 6,599 Sq Ft Lot
- Lot Dimensions are 46x132
Home Design
- Composition Roof
Interior Spaces
- 2,200 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Laminate
- Vinyl
Schools
- Lowell Elementary School
- George Mcgovern Middle School - Sioux Falls
- Thomas Jefferson High School
Utilities
- Forced Air Heating System
Community Details
- 5 Units
- Covell's 1St Addn Subdivision
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,581 | $212,100 | $25,100 | $187,000 |
| 2023 | $2,602 | $25,200 | $20,100 | $5,100 |
| 2022 | $2,579 | $217,500 | $20,000 | $197,500 |
| 2021 | $3,032 | $166,100 | $0 | $0 |
| 2020 | $3,032 | $155,300 | $0 | $0 |
| 2019 | $2,569 | $127,999 | $0 | $0 |
| 2018 | $2,371 | $123,924 | $0 | $0 |
| 2017 | $2,348 | $118,106 | $13,500 | $104,606 |
| 2016 | $2,348 | $115,681 | $12,375 | $103,306 |
| 2015 | $2,365 | $110,457 | $12,375 | $98,082 |
| 2014 | -- | $110,457 | $12,375 | $98,082 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | For Sale | $337,000 | -- | $153 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $237,000 | -- | |
| Warranty Deed | $237,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | -- | No Value Available |
Source: Public Records
About the Listing Agent
I am the broker/owner for Results Real Estate in Sioux Falls, SD! I have been in the industry for just shy of a decade and can't wait to help you accomplish your real estate goals! The real estate industry is changing and volume based, one-size-fits-all models are becoming less and less viable. We embrace the fact most clients situation is unique and due to our brokerage configuration, are able to develop unique plans/strategies to help our clients get to the finish line!
Chris' Other Listings
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22601332
APN: 28985
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 Ten-X 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 is deemed reliable but not guaranteed.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
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