Single-Level 4-Plex Rental
1100 E Elder St, Canton, SD 57013
New
MULTI_FAMILY - Canton, SD
Property size:
13,984 SFLot size:
1.49 AcresPrice / SF:
$153/SF- Added:
- Jun 29, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 5 at 4:06 pm
Property Features for 1100 E Elder St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Dishwasher, Disposal, Range, Refrigerator
- Standard status
- Active
- APN
- 200.70.03.001
- Size
- 13,984 SF
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Description
- Canton - Marshik Addn Lot 1A - Replat of Lots 1, 2,10, 11 & 12, Block 3
- Tax Annual Amount
- 26206
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1996
- Floors in Building
- 1
- Number of units
- 16
- Flooring type
- Laminate, Vinyl, Carpet
- Building materials
- HardiPlank Type
- Roof type
- Composition
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
MLS# 22604819
Listing URL
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.
HighLights
- Four 4‑plex buildings (4 units total) with 2BR/1BA units; laundry hookups in each unit
- Each unit includes a single attached garage; all living space is on one level with no steps
- Tenant‑paid utilities with public water and public sewer; heating is natural gas forced air
- Updated exterior with new siding in 2023; recent interior paint and floor coverings in many units
- Roof is composition; construction includes HardiPlank Type siding
- Additional 16 detached garage stalls rented as storage or extra garage space for tenants
Overview
This offering includes four separate 4-plex buildings, with each unit configured as 2 bedrooms and 1 bath. Units include laundry hookups and feature single attached garages, and the homes are all on one level with no steps. According to the remarks, each unit has its own utilities that are paid by the tenant, while the landlord provides lawn service and snow removal. In addition to the attached garages, there are 16 detached garage stalls that are available to rent as storage or additional garage space for tenants.
The property is located at 1100 E Elder St in Canton, South Dakota (Lincoln County). The buildings were updated with new siding in 2023, and many units have received recent interior paint and floor covering improvements. The remarks also note the buildings are built for efficient heating and cooling, supported by an abundance of insulation, and that the property currently has a waiting list for potential tenants.
This setup can fit an investor or owner-operator seeking a self-contained, manageable residential income portfolio with consistent unit layouts and basic on-site exterior support through landlord-provided lawn care and snow removal. The combination of tenant-paid utilities, attached parking, and additional rentable detached stalls may appeal to operators who want to keep expenses straightforward while offering practical unit and storage convenience to residents.
The property is located at 1100 E Elder St in Canton, South Dakota (Lincoln County). The buildings were updated with new siding in 2023, and many units have received recent interior paint and floor covering improvements. The remarks also note the buildings are built for efficient heating and cooling, supported by an abundance of insulation, and that the property currently has a waiting list for potential tenants.
This setup can fit an investor or owner-operator seeking a self-contained, manageable residential income portfolio with consistent unit layouts and basic on-site exterior support through landlord-provided lawn care and snow removal. The combination of tenant-paid utilities, attached parking, and additional rentable detached stalls may appeal to operators who want to keep expenses straightforward while offering practical unit and storage convenience to residents.
Local Financial Insights For Apartment 5plus
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 | $206.4k | $14.76 |
| − Vacancy | −$8.7k | −$0.62 |
| EGI | $197.7k | $14.14 |
| − OpEx | −$89.0k | −$6.36 |
| NOI | $108.8k | $7.78 |
13,984 SF · lease $14.76/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,754 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.72M – $3.62M
NOI $217,311 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.578735
- Latitude
- 43.306641
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Four 2-bedroom, 1-bath units per building with attached garages, laundry hookups, and tenant-paid utilities.
Where is this apartment building located?
The property is located at 1100 E Elder St Canton, SD.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Four 4‑plex buildings (4 units total) with 2BR/1BA units; laundry hookups in each unit; Each unit includes a single attached garage; all living space is on one level with no steps; Tenant‑paid utilities with public water and public sewer; heating is natural gas forced air
