316 E 15th St, Sioux Falls, SD 57104
Property image
Property image
SOLD
APR 29, 2026

316 E 15th St
Sioux Falls, SD 57104

All Saints
  • Studio
  • 4,590 sqft

$515,000

Last Sold: Apr 29, 2026
2% below list $525K
$112/sqft

$515,000

Last Sold: Apr 29, 2026
2% below list $525K
$112/sqft
Studio
4,590 sqft

Local Information

  • Map ViewExplore the area around 316 E 15th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1916
Living Area
4,590 sqft
Price/Sqft
$112/sqft

About this House

Turnkey 9-Unit Near Downtown Sioux Falls | ~7.8% Cap | $60K/Unit

Extensively renovated and fully occupied, this 9-unit apartment building offers stable, low-maintenance cash flow in one of Sioux Falls’ most convenient and steadily improving pockets. Located just one block south of Sunshine Foods and minutes from downtown, major employers, hospitals, and core amenities, this is true workforce housing in a location tenants consistently choose.

The two-story property features nine 1-bed / 1-bath units that have been comprehensively updated—inside and out—covering both cosmetic improvements and key capital items. Durable finishes, clean layouts, and efficient unit sizes make the property easy to operate and consistently rentable.

At roughly $60,000 per unit and performing at an approximate 7.78% cap, this asset offers a combination that is increasingly difficult to find: modernized condition, strong occupancy, and a price point that still allows for real yield. Landlord pays water, sewer, trash, and heat, with RUBS in place for utility recovery; tenants pay electric. Shared laundry provides additional income, and the property benefits from both on-site and off-street parking with front and rear access.

Rents are solid today with measured upside remaining through future renewals, and the unit mix and location also lend themselves well to mid-term or furnished housing strategies for healthcare and downtown professionals.

Clean, stabilized, and easy to own—this is a no-nonsense multifamily asset offering dependable income today and long-term relevance in a growing urban submarket.
316 E 15th St, Sioux Falls, SD 57104 is a studio, 4,590 sqft multi-family in All Saints, built in 1916. It last sold for $515,000 on Apr 29, 2026 (2% below the $525,000 asking price). More recently, it was listed as a rental in May 2026 with an asking price of $635 per month. That rental listing was removed on June 24, 2026. It is currently off market. The Trulia Estimate is $515,200, with a rent estimate of $767/month.

Home Details for 316 E 15th St

Interior Features

Interior Details
Basement: Partial
Dimensions and Layout
Living Area: 4590 Square Feet
Appliances & Utilities
Appliances: Refrigerator, RangeRefrigerator
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate
Levels, Entrance, & Accessibility
Stories: 2Entry Location: CommunityFloors: Carpet, Laminate
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Tar GravelFoundation: Block
Parking & Garage
No CarportParking: Paved
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1916
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: HardiPlank Type
Property Information
Parcel Number: 32505

Price & Status

Price
List Price: $525,000Price Per Sqft: $112/sqft
Status Change & Dates
Off Market Date: Wed Apr 29 2026Possession Timing: Immediate

Active Status

MLS Status: Sold - Sold

Location

Direction & Address
City: Sioux FallsCommunity: Gales Addn
School Information
Elementary School: Susan B Anthony ESElementary School District: Sioux FallsJr High / Middle School: Patrick Henry MSJr High / Middle School District: SiouxFallsHigh School: Lincoln HSHigh School District: SiouxFalls

Agent Information

Buyer Agent
Buyer Company Name: 23

Building

Building Area
Building Area: 5466 Square Feet

Lot Information

Lot Area: 5000.688 sqft

Offer

Listing Terms: Conventional

Rental Terms, Policies & Fees

Owner Pays: Gas, Water, Trash Collection, Grounds Care, Snow Removal, Sewer

Miscellaneous

BasementMls Number: 22507797
Last check for updates: about 4 hours ago
Listed by Blake C Bohner
605 Real Estate LLC, (605) 759-4294
Ryan R Olson
605 Real Estate LLC, (605) 759-4294
Bought with: Beau R Carpenter
Source: Realtor Association of the Sioux Empire, MLS#22507797

Price History for 316 E 15th St

DatePriceEventSource
06/24/2026$635ListingRemovedZillow Rentals
05/12/2026$635Listed For RentZillow Rentals
04/29/2026$515,000Sold
Realtor Association of the Sioux Empire #22507797
02/13/2026$525,000PriceChange
Realtor Association of the Sioux Empire #22507797
12/16/2025$540,000PriceChange
Realtor Association of the Sioux Empire #22507797
10/13/2025$565,000Listed For SaleRealtor Association of the Sioux Empire #22507797

Market trends in Sioux Falls

Last updated June 2026
Buyer'sMarketSeller'sMarket
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 316 E 15th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
609 S 2nd Ave, Sioux Falls, SD
0.06
Multi-Family Home
$275,000
03/18/26
-
2,112
215 E 14th St, Sioux Falls, SD
0.09
Multi-Family Home
$275,000
03/18/26
-
2,358
709 S Phillips Ave, Sioux Falls, SD
0.22
Multi-Family Home
$365,000
09/16/25
-
1,980
719 S 2nd Ave, Sioux Falls, SD
0.08
Multi-Family Home
$200,000
04/23/26
-
1,984
801 S 1st Ave, Sioux Falls, SD
0.20
Multi-Family Home
$250,000
07/31/26
-
1,666
605 S Spring Ave, Sioux Falls, SD
0.51
Multi-Family Home
$200,000
11/20/25
4
3
1,836
608 S Walts Ave, Sioux Falls, SD
0.76
Multi-Family Home
$262,500
04/10/26
-
2,480
223 N Spring Ave, Sioux Falls, SD
0.85
Multi-Family Home
$335,000
09/24/25
-
2,464

Nearby homes

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Assigned Schools

These are the assigned schools for 316 E 15th St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

All Saints
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about All Saints

At least 14 Trulia users voted on each feature.

  • 88 % Say it's walkable to restaurants

  • 81 % Say there are sidewalks

  • 79 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 72 % Say it's quiet

  • 68 % Say it's dog friendly

  • 67 % Say people would walk alone at night

  • 67 % Say it's walkable to grocery stores

  • 65 % Say streets are well-lit

  • 61 % Say neighbors are friendly

  • 60 % Say kids play outside

  • 53 % Say car is needed

  • 47 % Say yards are well-kept

  • 35 % Say they plan to stay for at least 5 years

  • 29 % Say there are community events

  • 19 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Suzy R.
    "McKennan Park is one of the most sought after neighborhoods in Sioux Falls. Stately historic homes, one quarter block to the park, music and family activities all summer, sports, beautiful gardens and lots of picnic possibilities. Pet lovers paradise. Something for everyone."
    2
    Flag
  • tamijo26
    "I live in this neighborhood and it is very unclean, there are teenagers that have no respect for other peoples property or things on that property. I you are looking to buy a house on Dakota Ave, go further south!!"
    3
    Flag
  • Robert D.
    "Its close to everything but may be to close to downtown."
    0
    Flag

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Apartments for Rent

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Homes for sale near 316 E 15th St

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Off Market Homes Near 316 E 15th St

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.