3-Unit Triplex with
New
For Sale
$174,900
120 N Dakota St, Canton, SD 57013
Each apartment has a separate electric meter, with electricity paid by the residents.
Property Size2,020 SF
Price / SF$86.58
Days on Market3
Property Features for 120 N Dakota St
General Information
Standard status
Active
Size
2,020 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$13,887
Financials
Cap Rate
7.9%
Gross Income
$21,720
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
large backyard
deck
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Bender Realtors
Listed By:
Amy Stockberger Real Estate
(605) 501-6622
Source:
Findahomeinsiouxfalls
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bender Realtors
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Investment Insights
Based on property information with market context.
This 2,020-square-foot triplex in Canton was built in 1955 and contains one two-bedroom, one-bath apartment and two one-bedroom, one-bath apartments. The larger one-bedroom unit adds variation to the unit mix. The property is fully occupied and includes hot water baseboard heating, a deck, a large backyard, and three off-street parking spaces.
The building is just off Highway 18. Each apartment has its own electric meter, and residents pay for their electricity. Current rents total $1,810 per month, while trailing 12-month net operating income is $13,887.80. A rent roll and income and expense summary are available.
The building is just off Highway 18. Each apartment has its own electric meter, and residents pay for their electricity. Current rents total $1,810 per month, while trailing 12-month net operating income is $13,887.80. A rent roll and income and expense summary are available.
Key Highlights
- Three apartments: one 2 bed/1 bath and two 1 bed/1 bath units
- 2,020 square feet; built in 1955
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,710
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,200
$314.2K
Cap Rate 7%
$224,429
$224.4K
Cap Rate 9%
$174,556
$174.6K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$29.8K $14.76/SF
− Vacancy
−$1.3K −$0.62/SF
EGI
$28.6K $14.14/SF
− OpEx
−$12.9K −$6.36/SF
NOI
$15.7K $7.78/SF
Area
Lincoln County, SD
Vacancy
4.20%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,200
Cap Rate 7%
$224,429
Cap Rate 9%
$174,556
Alternative Uses
Best Use
Multifamily LT 5
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$224.4K
$196.4K – $261.8K
NOI $15,710 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$448.4K
$392.4K – $523.2K
NOI $31,391 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 57013, SD
4,482
Population
2,064
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
132.7 sq mi
ZIP Area
34
Density / Sq Mi
$77,813
Median Household Income
$43,553
Median Earnings
$704
Median Rent
$224,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has a separate electric meter, with electricity paid by the residents.
Where is this triplex located?
The property is located at 120 N Dakota St Canton, SD.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Three apartments: one 2 bed/1 bath and two 1 bed/1 bath units; 2,020 square feet; built in 1955; 100% occupancy
