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632 W 7th St, Sioux Falls, SD, 57104

$465,000

Home List Price

$5,522*

Closing Credit

0 Baths
Multi

Location

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632 W 7th St, Sioux Falls$465,000

Buyer Closing Credits

$5,522*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1878
HeatingHot Water
CoolingWindow Unit(s)
MLS #22408059
StatusActive

About 632 W 7th St

Investing in this historic six-plex is not just about owning property; it’s about seizing a prime opportunity that promises strong returns. Situated mere minutes from the bustling downtown, this property includes five generous 1-bedroom/1-bathroom units and one quaint studio unit, making it an attractive option for a variety of tenants. With recent renovations in three units, it’s poised for immediate rental occupancy, ensuring a rapid start to generating rental income. The detached garage and the availability of off-street parking add significant value, making it appealing to potential tenants in a busy area. Moreover, in-house laundry facilities increase convenience and desirability. By investing in this charming six-plex, you not only acquire a piece of local history but also position yourself for a reliable income stream. All units are rented, with strong rental history and increasing rents & profits currently bringing in $3905.00 Monthl! Don’t let this exceptional investment slip away—arrange your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1878
  • Stories: 3

Listing Office:

  • Office Name: Alpine Residential
  • Listing Agent: Stacy Harmsen

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range
  • Flooring Type: Carpet, Wood, Vinyl

Exterior Features

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: From Minnesota go west on 6th st, south on Summit to property at 7th and Summit

Price Information

Listing Price Info

Price Summary:

  • List Price: $465,000

Tax Information:

  • Annual Amount: $4,852
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sioux Falls, SD.

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Sioux Falls, SD

City

Med. List Price

$344.9K

Med. Price/SqFt

$195

Avg. Days On Market

70

632 W 7th St vs Sioux Falls

51 DAYS ON ROCKET

-19 Days

$465,000

+$120K More

KEY TAKEAWAY

This property is $120K more than the Median List Price in Sioux Falls, SD.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #22408059

Listing Office:

  • Office Name: Alpine Residential
  • Listing Agent: Stacy Harmsen

IDXThe 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 other brokerage firms 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 provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Broker Reciprocity
©2024 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,852$245,400
2019$4,316$212,558
2018$4,156$205,800

History based on county public records data.

Payment Calculator

$2,388

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,461

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-797170
3
/10

  • Hawthorne Elementary School

  • 601 N Spring Ave

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-797171
3
/10

  • Lowell Elementary School

  • 710 W 18th St

  • 0.89 miles

  • Public District Grades KG-5

school-card-donut-797172
4
/10

  • Garfield Elementary School

  • 705 S Roberts Dr

  • 1.29 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,196. Most Sioux Falls, SD residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›South Dakota›Minnehaha County›Sioux Falls›57104›632 W 7th St

This home is located at 632 W 7th St in Sioux Falls, SD and zip code 57104 in the Cathedral neighborhood. This home was built in 1878. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $465,000.

In November 2024 in Sioux Falls, SD there were 44.5% more homes for sale than in October 2024. Listings spent 70 days on the market in November 2024, and had a median list price of $344,950 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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