4802 S Hosta Ave Sioux Falls, SD 57110
Southeast Sioux Falls NeighborhoodEstimated payment $50,814/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 | -- | -- |
About the Listing Agent
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
David's Other Listings
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22604670
APN: 93024
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Ask me questions while you tour the home.