400 1st St, Florence, SD 57235
OFF MARKET

400 1st St
Florence, SD 57235

  • 6 Beds
  • 5 Baths
  • 3,735 sqft (on 0.28 acres)
6 Beds
5 Baths
3,735 sqft
(on 0.28 acres)

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Multifamily apartment located at 400 1st St Florence, SD 57235.
For the Investor!

This investment opportunity boasts a solid history of 100% occupancy with recent upgrades such as a new roof, fresh exterior paint, new decks, and updated flooring in most units. With desirable demographics and an impressive 11% Cap Rate, this property offers a strong addition to any portfolio at an attractive sale price of $235,000

The current rents and leasing terms promise stable income flow, presenting a favorable investment scenario. Interested investors can request a virtual tour and serious inquiries can schedule walk-throughs to witness the potential of this fully occupied and well-maintained property firsthand.

Don't miss out on this prime opportunity to secure a steady income-generating asset in a great community!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 400 1st St

Property Information

Year Built
Year Built: 1920Year Updated: 2024
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 0.28 acres

Price History for 400 1st St

DatePriceEventSource
06/10/2025ListingRemovedN/A
03/12/2025$215,000PriceChange
N/A
11/26/2024$235,000Listed For SaleN/A
03/24/2021ListingRemovedN/A
03/11/2019$115,000ListingRemovedN/A
12/12/2018$115,000PriceChange
N/A
10/02/2018$135,000Listed For SaleN/A

Market trends in Florence

Last updated May 2026
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Homeowner tools

Estimated monthly rent$1,195/mo
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Nearby homes

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Assigned Schools

These are the assigned schools for 400 1st St.

What Locals Say about Florence

At least 1 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say there are community events

  • 100 % Say it's walkable to restaurants

  • 100 % Say parking is easy

  • 100 % Say car is needed

  • 100 % Say people would walk alone at night

  • 100 % Say kids play outside

  • 100 % Say neighbors are friendly

  • 100 % Say yards are well-kept

  • 100 % Say it's quiet

  • 50 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.

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Apartments for Rent

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Homes for sale near 400 1st St

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Off Market Homes Near 400 1st St

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400 1st St, Florence, SD 57235 is a 6 bedroom, 5 bathroom, 3,735 sqft multi-family built in 1920. This property is not currently available for sale.