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OFF MARKET

1508 E. Rice St.
Sioux Falls, SD 57104

Riverside

Studio
1 Bath
14,000 sqft (on 0.50 acres)

$1,367,900

Trulia Estimate

as of Jul 14, 2026

Est. Refi. Payment $8,260/mo*

Refinance Your Home

$1,367,900

Trulia Estimate

as of Jul 14, 2026

Est. Refi. Payment $8,260/mo*

Refinance Your Home

Studio

1 Bath

14,000 sqft

(on 0.50 acres)

Local Information

Map ViewExplore the area around 1508 E. Rice St..
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Description

18 units with FULL occupancy. 9.2% CAP Rate!! On-site manager (17 years). Six nice sized 2 BR units, Eleven 1 BR units, and One efficiency unit. Eleven garages. Recent improvements include New exterior doors in 2014, New Rubber Membrane Roof in 2015, many New windows, all New siding, 3 New water heaters, New cement on east side, New hallway paint and carpet, and 3 remodeled units in 2017! ALWAYS FULL and the owner gets 5-8 calls average a week off a little sign out front. $4,000 garage door replacement allowance included (or work will be completed). Many residents have lived here for over 10 years! This investment opportunity nearly runs itself.

1508 E. Rice St., Sioux Falls, SD 57104 is a studio, 1 bathroom, 14,000 sqft multi-family in Riverside, built in 1975. It last sold for $665,000 on Feb 28, 2017. It is currently off market. The Trulia Estimate is $1,367,900, with a rent estimate of $939/month.

Home Highlights

Parking

Garage

Outdoor

No Info

A/C

Heating only

HOA

None

Price/Sqft

No Info

Listed

Less than a day ago

Home Details for 1508 E. Rice St.

Interior Features
Heating & Cooling Heating: GasHeating Fuel: Gas
Levels, Entrance, & Accessibility Stories: 3Floors: Carpet, Concrete, Linoleum Vinyl
Appliances & Utilities Refrigerator

Exterior Features
Exterior Home Features Roof: CompositionExterior: Wood, Brick
Parking & Garage GarageParking: Garage Detached

Property Information
Year Built Year Built: 1975
Property Type / Style Property Type: Multi Family

Community
Units in Building: 18

Lot Information
Lot Area: 0.50 acres

Price History for 1508 E. Rice St.

Date	Price	Event	Source
08/17/2018	$974,900	ListingRemoved	Agent Provided

03/23/2018	$974,900	Listed For Sale	Agent Provided

02/28/2017	$665,000	Sold	N/A
Recording Date 02/28/2017 County Transfer Tax N/A Total Transfer Tax N/A

Market trends in Sioux Falls

Last updated June 2026

Avg. sale price

$323K

$6.67KMoM

Sale-to-List Price

99.1%

0.1%MoM

Price per sq ft

$190

$4MoM

Available listings

1005

48MoM

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Comparable Sales for 1508 E. Rice St.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
1312 E. 6th St., Sioux Falls, SD	0.77	Multi-Family Home	$325,000	07/18/25		-	2,352
427 & 425 N French Ave, Sioux Falls, SD	0.77	Multi-Family Home	$255,000	05/29/26		-	1,868
310 N Van Eps Ave, Sioux Falls, SD	0.87	Multi-Family Home	$264,300	06/22/26		-	2,466
230 N Fairfax Ave, Sioux Falls, SD	0.96	Multi-Family Home	$139,000	03/17/26	4	4	1,728
700-704 N Harrington Ave, Sioux Falls, SD	1.06	Multi-Family Home	$325,000	04/22/26		-	2,119
1018 E 6th St, Sioux Falls, SD	0.82	Multi-Family Home	$179,900	08/01/25		-	1,524
615 W Bennett St, Sioux Falls, SD	1.41	Multi-Family Home	$415,000	05/29/26		-	3,422
1800 E 12th St, Sioux Falls, SD	1.27	Multi-Family Home	$360,000	10/22/25		-	3,174
822 S Jessica Ave, Sioux Falls, SD	1.58	Multi-Family Home	$250,000	01/06/26	4	2	1,536
316 E 15th St, Sioux Falls, SD	1.70	Multi-Family Home	$515,000	04/29/26		-	4,590

Nearby homes

Get a sense of prices in the area by checking nearby homes.

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OFF MARKET
Est. $72,800
3 bd
2 ba
1,232 sqft
1301 N Wayland Pl,
Sioux Falls, SD 57103
OFF MARKET
Est. $93,800
3 bd
2 ba
1,250 sqft
1504 E Sage Pl,
Sioux Falls, SD 57103
SOLD
OCT 30, 2025
$117,500
1 bd
1 ba
832 sqft
1409 E Rice St,
Sioux Falls, SD 57103
SOLD
SEP 17, 2025
$70,000
3 bd
2 ba
1,568 sqft
1206 N Violet Pl,
Sioux Falls, SD 57103
SOLD
JAN 7, 2026
$150,000
2 bd
1 ba
560 sqft
1417 N Mable Ave,
Sioux Falls, SD 57103
SOLD
DEC 26, 2025
$80,000
3 bd
2 ba
1,568 sqft
1200 N Violet Pl,
Sioux Falls, SD 57103
SOLD
SEP 15, 2025
$32,000
1 bd
1 ba
396 sqft
1507 N Wayland Ave,
Sioux Falls, SD 57103
OFF MARKET
Est. $79,500
3 bd
2 ba
1,782 sqft
1600 E Ivy Pl,
Sioux Falls, SD 57103
SOLD
MAR 18, 2026
$248,500
4 bd
2.5 ba
1,656 sqft
1412 E Russell St,
Sioux Falls, SD 57103
SOLD
MAY 22, 2026
$282,900
3 bd
2 ba
1,488 sqft
1507 N Highland Ave,
Sioux Falls, SD 57103
SOLD
JUN 18, 2026
$184,900
2 bd
1 ba
1,208 sqft
1605 N Wayland Ave,
Sioux Falls, SD 57103
SOLD
DEC 23, 2025
$65,000
3 bd
2 ba
1,216 sqft
1801 E Sage Pl,
Sioux Falls, SD 57103

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Additional Cost

Assigned Schools

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