8-Plex Apartment Complex with
For Sale
Contact for pricing
4101 S West Ave, Sioux Falls, SD 57105
Apartment complex of eight 8-plex buildings totaling 64 units, with on-site laundry and 40 detached garages.
Property Size56,832 SF
Days on Market124
Property Features for 4101 S West Ave
General Information
Standard status
Active
Size
56,832 SF
Property subtype
Multifamily
Additional Details
Cap Rate
8%
Multifamily Units
64
Amenities
mature landscaping
green space
detached garages
natural gas heat
wall air conditioners
on-site laundry
decks
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Jim Dunham & Associates
(605) 275-8500
Listed By:
Jim Dunham · License #SD 4531
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 10:01AM
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 Jim Dunham & Associates
Investment Insights
Based on property information with market context.
Valley West is an apartment complex consisting of eight separate 8-plex buildings on two adjacent parcels. The property totals 64 units, with a unit mix of fifty-three 2-bedroom, 1-bath units and eleven 1-bedroom, 1-bath units. Built in 1975 and 1976, the brick and partial brick buildings are arranged with four garden level units and four upper level units per building, and the upper units include decks.
The complex includes mature landscaping, green space, and ample on-site parking. In addition, there are 40 detached garages located in two separate structures at either end of the complex. Building systems include natural gas heat and wall air conditioners, and the property provides on-site laundry. The washers and dryers are leased under a revenue sharing program that is assumable by a buyer.
Operationally, the landlord pays for heat, water/sewer, garbage, snow removal, and lawn care. Tenants are responsible for electricity and cable TV (optional). The seller reports the property has had good occupancy during their ownership, and financials are available upon completion of a Confidentiality/Non-Disclosure Agreement.
The complex includes mature landscaping, green space, and ample on-site parking. In addition, there are 40 detached garages located in two separate structures at either end of the complex. Building systems include natural gas heat and wall air conditioners, and the property provides on-site laundry. The washers and dryers are leased under a revenue sharing program that is assumable by a buyer.
Operationally, the landlord pays for heat, water/sewer, garbage, snow removal, and lawn care. Tenants are responsible for electricity and cable TV (optional). The seller reports the property has had good occupancy during their ownership, and financials are available upon completion of a Confidentiality/Non-Disclosure Agreement.
Key Highlights
- Valley West features eight 8‑plex buildings totaling 64 units on two adjacent parcels (#24540 & #24541).
- Unit mix includes fifty‑three 2 bed, 1 bath units and eleven 1 bed, 1 bath units.
- Brick and partial brick buildings constructed in 1975 and 1976; each building has four garden level and four upper level units with decks.
Property Analytics
Current Use
Lease Details
64
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 57105, SD
22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment complex of eight 8-plex buildings totaling 64 units, with on-site laundry and 40 detached garages.
Where is this apartment building located?
The property is located at 4101 S West Ave Sioux Falls, SD.
What are key features of this property?
This property features: Valley West features eight 8‑plex buildings totaling 64 units on two adjacent parcels (#24540 & #24541).; Unit mix includes fifty‑three 2 bed, 1 bath units and eleven 1 bed, 1 bath units.; Brick and partial brick buildings constructed in 1975 and 1976; each building has four garden level and four upper level units with decks.
