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For sale
  • $1,300,000

    2805-09 E Bragstad Dr, Sioux Falls, SD 57103

    22beds
    13,404sqft
    : 
    Multi Family
    Built in 1993
    -- sqft lot
    $1,196,000 Zestimate®
    $97/sqft
    $2/mo HOA

    What's special

    Four units recently renovated
    2805-09 E Bragstad Dr presents a rare opportunity to acquire two side-by-side tri-plexes in Sioux Falls, SD, offering scale, strong in-place income, and value-add potential. The property consists of six total units, with four units recently renovated and two units remaining unrenovated, providing a clear path for future rent growth. The two unrenovated units are occupied by long-term tenants who have been in place prior to 2020, offering stable cash flow. While not fully updated, these units received new basement flooring in 2024, reducing near-term capital needs while preserving upside through future renovations. Unit mix: Outside units: 4 Bed, 2.5 Bath Middle units: 3 Bed, 2.5 Bath The property also features six garage stalls located behind the buildings, enhancing tenant appeal.
    63 days
    |
    447
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 27, 2026 at 09:50am

    Listed by:

    Nic Madsen 712-540-6562,

    Gateway Real Estate Advisors

    Source: Northwest Iowa Regional BOR,MLS#: 831622MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 22
      • Bathrooms: 18
      • Full bathrooms: 12
      • 1/2 bathrooms: 6
      Interior area
      • Total structure area: 13,404
      • Total interior livable area: 13,404 sqft
      • Finished area above ground: 1
      • Finished area below ground: 6,702

      Property

      Parking
      • Total spaces: 6
      • Parking features: Detached
      • Garage spaces: 6
      Lot
      • Size: 8,640 Square Feet
      Details
      • Parcel number: 038257
      • Zoning: res
      • Zoning description: res

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1993

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: City

      Community & HOA

      HOA
      • Has HOA: Yes
      • HOA fee: $2 monthly
      Location
      • Region: Sioux Falls

      Financial & listing details

      • Price per square foot: $97/sqft
      • Tax assessed value: $178,800
      • Annual tax amount: $14,500
      • Price range: $1.3M - $1.3M
      • Date on market: 1/27/2026
      • Total actual rent: 125400
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        Estimated market value

        $1,196,000

        $1.14M - $1.26M

        $1,064/mo

        Price history

        Price history
        DateEventPrice
        1/27/2026Listed for sale$1,300,000$97/sqft
        Source: Northwest Iowa Regional BOR #831622 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        BuyAbility℠ payment

        Est. payment
        $7,952/mo
        Principal & interest
        $6704
        Property taxes
        $1246
        HOA Fees
        $2
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          Climate risks

          Neighborhood: 57103

          Getting around

          53 / 100
          Somewhat Walkable
          16 / 100
          Minimal Transit
          43 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 57103