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Majestic View Townhomes 1210 S Majestic View Pl 40 Unit Apartment Building $4,550,000 ($113,750/Unit) 5.58% Cap Rate Sioux Falls, SD 57103
Investment Highlights
- 40-unit multifamily townhome community. 40 Units across 2 stories.
- Townhome style units with patios, balconies, and yard space
- Well-maintained with professional management by Reside Property Management
- Unit mix: studio, 2-bedroom, and 3-bedroom layouts
- Over $276K in capital improvements since 2016; landscaping, parking lot improvements, sidewalk repairs, exterior paint, windows, siding, & doors, etc.
- Real Estate Taxes: $39,260.36 (2025 Payable in 2026)
Executive Summary
Majestic View Townhomes is a 40-unit multifamily investment opportunity in central Sioux Falls, South Dakota. The offering consists of four buildings across two stories and is currently operating at a strong 92.5% occupancy. The asset offers a diverse unit mix of studios, two-bedroom, and three-bedroom townhome style units. With over $276K invested in capital improvements since 2016, including updates to landscaping, parking areas, building exteriors, and unit components, the property has been well maintained and positioned for continued performance. Locally owned and professionally managed by Reside Property Management.
Property Facts
| Price | $4,550,000 | Apartment Style | Garden |
| Price Per Unit | $113,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.72 AC |
| Cap Rate | 5.58% | Building Size | 41,920 SF |
| No. Units | 40 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1995 |
| Zoning | RA-1 | ||
| Price | $4,550,000 |
| Price Per Unit | $113,750 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.72 AC |
| Building Size | 41,920 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1995 |
| Zoning | RA-1 |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Freezer
Site Amenities
- Business Center
- Package Service
- Wi-Fi
- Community-Wide WiFi
- Maintenance on site
- Online Services
- Pet Care
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 520 |
| 2+1.5 | 25 | - | 1,040 |
| 3+2 | 10 | - | 1,300 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 62933 | Improvements Assessment | $1,984,400 |
| Land Assessment | $321,300 | Total Assessment | $2,305,700 |
Property Taxes
Parcel Number
62933
Land Assessment
$321,300
Improvements Assessment
$1,984,400
Total Assessment
$2,305,700
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Majestic View Townhomes | 1210 S Majestic View Pl
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