4609 E 26th St - Apartments FOR SALE


Sioux Falls, SD 57110
$5,400,000 USD
712-226-8003
4609 E 26th St, Sioux Falls, SD for Sale
$5,400,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

4609 E 26th St
Sioux Falls, SD 57110


HIGHLIGHTS

  • 98% occupancy, supported by Sioux Falls’ strong and growing rental market.
  • On-site laundry and well-maintained and recently renovated units.
  • Located near major retail corridors and I-229, providing optimal regional access.
  • Built in 1993 with durable construction and low-maintenance design for strong operational efficiency.

OVERVIEW

Golden Valley Apartments represents a strong multifamily investment opportunity in Sioux Falls, South Dakota, one of the Midwest’s most stable rental markets. This 54-unit property features a desirable mix of one- and two-bedroom floor plans and is situated on a 3.15-acre site with 53 private garages, offering an additional income stream and tenant convenience. The property is 98% occupied, underscoring consistent market demand and dependable cash flow. Residents benefit from functional layouts, recently updated interiors, and on-site laundry facilities, creating a low-maintenance operational profile for ownership. With vinyl siding exteriors and durable construction, long-term upkeep remains manageable and cost-effective. Positioned on Sioux Falls’ growing east side, the community offers excellent connectivity to key retail corridors, employment hubs, and major routes, including I-229. The area’s strong labor market, subnational unemployment rate, and demographic stability further support multifamily investment fundamentals. Priced at $5.4M with a 7.0% cap rate, Golden Valley Apartments provides investors the ability to secure an established income-generating asset with upside potential driven by rental growth and operational efficiency.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

54

PRICE/UNIT

$100,000

CAP RATE

7%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Valley

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,240 SF

ZONING

Commercial

APN/PARCEL ID

62426

ASK ABOUT THIS PROPERTY

Daniel StillsonGateway Real Estate AdvisorsMore Info
712-226-8003

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Daniel StillsonGateway Real Estate AdvisorsMore Info
712-226-8003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.