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Executive Summary

Rare opportunity to acquire a 101-unit multifamily portfolio on Sioux Falls' east side — one of the largest single-asset offerings currently on the market. Spanning three adjacent addresses across 4.5 acres with a mix of one- and two-bedroom units, onsite garages, laundry, controlled access, and dedicated maintenance. Built in 1976 with additional construction in 2016. Strong in-place income with upside through continued rent growth. Financials available upon request.

Property Facts

Price $10,100,000
Price Per Unit $168,333
Sale Type Investment
Cap Rate 6.92%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.51 AC
Building Size 75,000 SF
Average Occupancy 77%
No. Stories 3
Year Built 1976
Zoning RA-1, RA-2

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • High Speed Internet Access
  • Carpet
  • Vinyl Flooring

Site Amenities

  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Maintenance on site
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 15 - 600 - 700
2+1 45 - 800 - 900
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
54066
Land Assessment
$610,100
Improvements Assessment
$5,760,400
Total Assessment
$6,370,500
  • Listing ID: 41635462

  • Date on Market: 8/10/2026

  • Last Updated:

  • Address: 4304 E 26th St, Sioux Falls, SD 57103

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