North Sioux City
For Sale
Contact for pricing
Pending
1300-1302 Quiniela Dr North Sioux City, North Sioux City, SD 57049
130-unit multifamily community built in 2014 and 2015.
Property Size93,560 SF
Days on Market164
Property Features for 1300-1302 Quiniela Dr North Sioux City
General Information
Standard status
Pending
Size
93,560 SF
Class
B
Property subtype
Multifamily
Zoning
Multi-Family Res
Occupancy
97%
Building Details
Year Built
2014
Buildings
2
Stories
3
Units
130
Listing Agency:
Keller Williams Siouxland
(712) 898-9706
Listed By:
Dennis Johnson · License #SD: 16380
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 24 at 2:41PM
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 Keller Williams Siouxland
Investment Insights
Based on property information with market context.
River Valley Apartments is a 130-unit multifamily community located in North Sioux City, South Dakota, constructed in 2014 and 2015. The property consists of 92 one-bedroom, one-bath units and 38 two-bedroom, one-bath units. The property also features 80 garages, a community clubhouse with a seasonal pool, a second community room, and a fitness room. The Siouxland region benefits from a diverse employment base, strong economic growth, and South Dakota’s highly favorable tax environment, including no state personal income tax and no corporate income tax, making it an attractive market for long-term multifamily investment. The property is located in a prime location with quick access to I-29 in the desirable South Dakota corridor of the Sioux City, IA MSA which is approx. 145,000 with a trade area of over 300,000. The property offers strong in-place cash flow, high occupancy, and immediate scale in a stable Midwestern market. This well-maintained property presents investors with a compelling opportunity to acquire a stabilized asset with strong in-place cash flow with additional upside potential through modest interior upgrades, operational efficiencies, and revenue optimization. There is also an option to continue with the existing management company, subject to buyer and management company agreement providing flexibility.
Key Highlights
- Strong in‑place cash flow and high occupancy in a stable Midwestern market.
- Located in the desirable South Dakota corridor of the Sioux City, IA MSA with quick access to I‑29.
- South Dakota's favorable tax environment with no state personal income tax and no corporate income tax.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 57049, SD
7,725
Population
3,386
Households
2.3
Avg Household Size
41
Median Age
45%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
544
Density / Sq Mi
$93,239
Median Household Income
$49,120
Median Earnings
$1,160
Median Rent
$406,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 130-unit multifamily community built in 2014 and 2015.
Where is this apartment building located?
The property is located at 1300-1302 Quiniela Dr North Sioux City North Sioux City, SD.
What are key features of this property?
This property features: Strong in‑place cash flow and high occupancy in a stable Midwestern market.; Located in the desirable South Dakota corridor of the Sioux City, IA MSA with quick access to I‑29.; South Dakota's favorable tax environment with no state personal income tax and no corporate income tax.
