502 E 4th St, Canton, SD 57013
MULTI_FAMILY - Canton, SD
- Added:
- Jun 29, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 5 at 7:06 pm
Property Features for 502 E 4th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 200.14.09.015
- Size
- 5,472 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Description
- Lots 13, 14 & 15 - Block 9, Rudolph's Addn to Canton
- Tax Annual Amount
- 8768
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- Vinyl, Carpet
- Building materials
- HardiPlank Type, Brick
Listing agent John Schutte (605) 275-0555
Listing office Keller Williams Realty Sioux Falls 6300 S Connie Avenue, Sioux Falls, SD (605) 275-0555
Listing date Jun 29, 2026
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
The single-family unit was completed in 2021 and is slab on grade construction with no steps. It includes 2 bedrooms with a master suite, a bathroom featuring a 4' shower, and a large walk-in closet. The main bathroom offers a tub/shower combination. The living area flows from the living room to the dining room and into a kitchen with abundant cabinets and stainless steel appliances. A laundry/mudroom off the kitchen provides access to the attached double garage.
For buyers and investors, the mix of a fourplex and an adjacent single-family home offers a straightforward rental setup, with attached garages and private utilities supporting tenant convenience. Recent capital updates in the fourplex include new siding, new furnaces and central air in each unit, new flooring and paint, new concrete driveway work, and a steel roof. The combined property sits on approximately 0.427 acres at 502 E 4th St in Canton, South Dakota, in Lincoln County.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.9k | $12.60 |
| − Vacancy | −$3.1k | −$0.57 |
| EGI | $65.8k | $12.03 |
| − OpEx | −$19.8k | −$3.61 |
| NOI | $46.1k | $8.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.5871776
- Latitude
- 43.3018119
