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218 N Summit Ave, Sioux Falls, SD, 57104

--beds
--baths
3,312sqft
$425,000
$128price/sqft
$3,104/moest. monthly cost
$124,160/yrincome needed

About This Home

Located in the heart of the historic Pettigrew Heights neighborhood, this well-built fourplex offers an exceptional investment opportunity just blocks from downtown Sioux Falls. Featuring four spacious apartments with a strong rental history, this property combines classic character with reliable income potential. Tenants enjoy the convenience of onsite coin-operated laundry, providing both a desirable amenity and additional revenue stream for ownership. The building is non-smoking and equipped with a coded entry system for added security and convenience. Ample off-street parking is available from the rear alley, adding to tenant appeal and functionality. With its prime location near dining, shopping, entertainment, and downtown amenities, this is a rare opportunity to own a solid multi-family asset in one of the city’s most sought-after neighborhoods.

Getting Around

75
WalkingVery Walkable
32
TransitSome Transit
60
BikeBikeable

Schools

2/10
Hawthorne Elementary - 56Grades PK-50.3 mi
6/10
Lincoln High School - 02Grades 9-122.5 mi

Construction

Condition

  • Year built: 1975

Materials

  • Roof: Composition
  • Construction materials: HardiPlank Type

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Refrigerator,Range

Basement

  • Has basement: Yes
  • Basement: Full

Features

  • Flooring: Carpet,Vinyl

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Electric,Window Unit(s)

Interior Area

  • Total structure area: 3,432
  • Total interior livable area: 3,312 sqft

Property

Details

  • Parcel number: 25922

Features

  • Stories: 2
  • Entry location: Community

Lot

  • Lot size: 6,599 sqft
  • Lot size dimensions: 44x150

Parking

  • Parking features: Paved