$1,200,000

3900 S Hawthorne Ave Avenue, Sioux Falls, SD 57105

Multi-Family Home
Built in 1973
0.71acre lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Invest in a well-maintained, fully leased 12-plex offering a seamless transition for its next owner. This meticulously cared-for property is conveniently located near I-229 access in Sioux Falls, providing excellent tenant appeal and accessibility. Numerous capital improvements over recent years have positioned this asset for strong future NOI growth. Additional income is generated through on-site coin-operated laundry, garages, and ample parking. There is also opportunity to further increase returns by implementing a utility reimbursement fee or Ratio Utility Billing System (RUBS). A solid, stabilized investment with upside potential—don’t miss this opportunity. Contact us today to learn more and schedule a private showing!

Listing Status:: Active
Data Last Updated:: March 10, 2026 at 7:59PM
Listing Office:: Alpine Residential : 605-607-7355
Listing Agent:: Jackson D Dorhout : 605-254-4644
MLS ID:: 22600771

Appliances: RefrigeratorRange
Basement: Partial
Flooring: CarpetVinyl
A/C: Electric
Heating: Forced AirNatural Gas

Parking: Detached

Roofing: Other
General: StuccoWood Siding

Originating MLS: REALTOR Association of the Sioux Empire
School District: Sioux Falls
County: Minnehaha

Zoning: RA 1W1/2 W1/2 TRACT 4 NW1/4 (EX STS) 32-101-49 & PINNEYS SUBD LOT 6 BLOCK 18BERRY'STOM TO SOUTH SIOUX26391

Water: Public
Sewer: Public Sewer

Source: REALTOR Association of the Sioux Empire

This listing courtesy of Jackson D Dorhout , Alpine Residential

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Laura Wilder Elementary School

2300 S Lyndale Ave, Sioux Falls, SD, 57105

Grades KG-5

1.00 miles away

Edison Middle School

2101 S West Ave, Sioux Falls, SD, 57105

Grades 6-8

1.09 miles away

Community Campus - 41

2101 W 41st St Ste 47, Sioux Falls, SD, 57105

Grades 12-12

0.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.