$7,950,000

Estimated payment $50,814/month

Total Views 5,155
-- Bed
-- Bath
59,544 Sq Ft
$134 Price per Sq Ft

Highlights

  • 3.08 Acre Lot
  • Forced Air Heating System
  • Carpet
  • John Harris Elementary School Rated A-

About This Home

INVESTOR OPPORTUNITY | 42 Townhome-Style Apartment Homes | SE Sioux Falls
S. Hosta Ave | Near E. 57th St & S. Sycamore Ave | Sioux Falls, SD The Property
42 nearly new townhome-style apartment homes tucked away on S. Hosta Ave in one of Sioux Falls' most desirable southeast corridors. Each home features an attached garage, a mudroom entry, and a refreshing open-concept floor plan that today's renters are actively searching for. Proforma NOI is $426,042.18 CAP Rate 5.36% Inside Every Home
Main Floor
Open-concept kitchen with bar seating
Dining area & living room
Sliding doors to private patio
Mudroom off the attached garage Upper Floor
All bedrooms upstairs
In-unit laundry center
Full bathroom
3-bedroom plans include a primary suite Why This Asset Stands Out
? 42 doors at meaningful scale — institutional quality, attainable price point
? Diverse unit mix — 2-bed and 3-bed options broaden your renter pool and reduce concentration risk
? Attached garages on every unit — a premium amenity in this market that drives higher rents and longer tenancies
? Two-car garage units — the 9 Plan C homes command top-of-market rents and attract high-quality, long-term tenants
? In-unit laundry — the #1 amenity renters cite for lease renewals
? Nearly new construction — minimal deferred maintenance, low near-term capex, and modern finishes tenants expect
? Townhome-style design — no shared hallways, private entries, and a home-ownership feel that reduces turnover The Sioux Falls Advantage
Sioux Falls consistently ranks among the Midwest's top rental markets — no state income tax, a diversified and growing employment base, and steady population growth all fuel durable rental demand. The southeast corridor in particular benefits from proximity to major employers, retail centers, and top-rated schools, making it one of the city's most attractive quadrants for workforce housing. Level Up Your Income Property Portfolio.
42 doors. Nearly new. Three floor plans. Premium amenities. A location tenants want to stay in. This is the kind of well-rounded asset that anchors a portfolio and performs for decades.

Listing Agent

David Shelton

CENTURY 21 Advantage Listed on: 06/23/2026

CENTURY 21 Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $97,489

Year Built

  • Built in 2021

Lot Details

  • 3.08 Acre Lot

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 59,544 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Firewall

Schools

  • John Harris Elementary School
  • Ben Reifel Middle School
  • Washington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 42 Units
  • Brooks Crossing Addition To The City Of Sioux Falls Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$97,489

Year Built

Built in 2021

Lot Details

3.08 Acres

Listing Details

  • Cross Street: 57th
  • Year Built: 2021
  • Stories: 2
  • Elementary School: John Harris ES
  • High School: Washington HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 3.0815
  • Lot Size: irreg
  • Security Features: Fire Alarm, Firewall(s), Smoke Detector(s), Fire Sprinkler System
  • Co List Office Mls Id: 765530046
  • Subdivision Name: BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALLS
  • Directions: S from E 57th & Sycamore go N to E 54th St, S on S Hosta Ave, property on the east side of the road
  • Living Area: 59544.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Dishwasher, Disposal, Washer, Dryer
  • Basement: None
  • Owner Pays: None
  • Entry Location: Private
  • Flooring: Carpet, Vinyl

Exterior Features

  • Roof: Composition
  • Construction Type: HardiPlank Type
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Electric
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: SiouxFalls
  • Middle Or Junior School: Ben REifel Middle School

Lot Info

  • Zoning: Not Verified
  • Lot Size Sq Ft: 134231.0

Multi Family

  • Number Of Units Total: 42

Tax Info

  • Tax Annual Amount: 97488.72

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,283 $1,920,600 $145,900 $1,774,700
2024 $31,283 $1,880,200 $145,900 $1,734,300
2023 $31,826 $247,000 $110,100 $136,900
2022 $31,115 $1,696,600 $94,600 $1,602,000
2021 $31,649 $1,456,800 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/23/2026 06/23/26 For Sale $7,950,000 -- $134 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Personal Reps Deed -- --
Source: Public Records

About the Listing Agent

David Shelton

CENTURY 21 Advantage

(605) 884-9036

Section Image

David Shelton is a highly accomplished and award-winning Real Estate Broker who has been associated with CENTURY 21 Advantage since 2013. With over 45 years of experience in the industry, David has established himself as a top-performing Real Estate professional, specializing in residential, commercial, and agricultural properties in South Dakota.

David’s extensive experience in real estate spans several states including California and Washington State, which gives him a broad

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Source: REALTOR® Association of the Sioux Empire

MLS Number: 22604670

REALTOR® Association of the Sioux Empire

APN: 93024

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