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.
For sale
$1,300,000
2805-09 E Bragstad Dr, Sioux Falls, SD 57103
22beds
13,404sqft
Est.:
Multi Family
Built in 1993
-- sqft lot
$1,196,000 Zestimate®
$97/sqft
$2/mo HOA
What's special
Four units recently renovated
- 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#: 831622
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
Estimated market value
$1,196,000
$1.14M - $1.26M
$1,064/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Listed for sale | $1,300,000$97/sqft |
Source: | ||
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
Nearby schools
GreatSchools rating
- 7/10Harvey Dunn Elementary - 54Grades: PK-5Distance: 0.6 mi
- 7/10Ben Reifel Middle School - 68Grades: 6-8Distance: 2.5 mi
- 5/10Washington High School - 01Grades: 9-12Distance: 2.1 mi
Local experts in 57103
- South Dakota
- Minnehaha County
- Sioux Falls
- 57103
- 2805-09 E Bragstad Dr

