218 N Summit Ave, Sioux Falls, SD, 57104
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
Very Walkable
Some Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Ice Storm
- Winter Weather
- Hail
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Minnehaha County and South Dakota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,149 | $25,788 |
| Home Insurance | $328 | $3,936 |
| Property Taxes | $375 | $4,500 |
| Electricity | $252 | $3,035 |
| Total | $3,104 | $37,248 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Listed for sale | $425,000 |
| 2025-09-02 | Listing removed | $400,000 |
| 2025-07-23 | Listed for sale | $400,000 |
| 2016-04-08 | Listing removed | $600 |
| 2016-03-09 | Listed for rent | $600 |
| 2012-01-25 | Sold | $130,000 |
| 2011-10-18 | Listed for sale | $149,900 |
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