14 days on rocket

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

$480,000

Home List Price

$5,700*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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632 W 7th St, Sioux Falls$480,000

Buyer Closing Credits

$5,700*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1878
HeatingHot Water
CoolingWindow Unit(s)
MLS #22402553
StatusActive

About 632 W 7th St

Welcome to your next investment opportunity! This historic six plex is located just minutes away from downtown, making it the perfect location for attracting tenants. With a great rental history & 5-1 bed/1 bath units & a studio unit, you can rest assured that this property will provide a steady stream of income. But that's not all - three of the units have been recently renovated, guaranteeing high demand from potential renters. Laundry is conveniently located in the basement, your tenants will never have to worry about trips to the laundromat again. And let's not forget about parking - something every renter looks for. This property boasts both a detached garage & off street parking options for added convenience. Don't miss out on this incredible investment opportunity! With its prime location, amenities & layout, this six plex is sure to attract quality tenants & provide solid returns year after year. Schedule your showing today before someone else snatches up this gem!

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: $480,000

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

$361.9K

Med. Price/SqFt

$207

Avg. Days On Market

69

632 W 7th St vs Sioux Falls

14 DAYS ON ROCKET

-55 Days

$480,000

+$118K More

KEY TAKEAWAY

This property is $118K more than the Median List Price in Sioux Falls, SD.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Number: #22402553

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.
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©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: 4/30/2024, 2:25:15 AM 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

$2,463

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,506

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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-3465877
3
/10

  • Hawthorne Elementary - 56

  • 601 N Spring Ave

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-3465878
3
/10

  • Lowell Elementary - 28

  • 710 W 18th St

  • 0.90 miles

  • Public District Grades PK-5

school-card-donut-3465879
9
/10

  • Challenge Center - 51

  • 2421 W 15th St

  • 1.32 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. Residents of Sioux Falls, SD typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically 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 April 15, 2024 and is currently priced at $480,000.

The number of homes for sale in Sioux Falls, SD increased by 58% between February 2024 and March 2024. While the average time on the market in March 2024 was 69 days, the median list price was $361,942.

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

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