Four-Unit Property with
For Sale
$539,000
2601 E Pioneer Trl, Sioux Falls, SD 57103
Tenant-occupied multifamily property with dedicated garage parking and convenient access to trails, recreation, dining, and the interstate.
Property Size3,264 SF
Price / SF$165.13
Days on Market179
Property Features for 2601 E Pioneer Trl
General Information
Standard status
Active
Size
3,264 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1977
Listing Agency:
CORE Real Estate
Listed By:
Spencer Mannes
(605) 376-0995
Source:
Siouxfallsareahomesearch
Added: Apr 29
Changed: Oct 1
Last Checked: Oct 23 at 7:11AM
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 CORE Real Estate
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Investment Insights
Based on property information with market context.
Built in 1977, this 3,264-square-foot quadplex contains four residential units, all of which have tenants. The property includes a four-stall garage designated for renters, along with five additional parking spaces.
The building is positioned across from bike trails and near Avera fitness, restaurants, parks, and interstate access. Its combination of four income-producing units, structured garage parking, and nearby recreational and everyday amenities creates a straightforward multifamily configuration.
The building is positioned across from bike trails and near Avera fitness, restaurants, parks, and interstate access. Its combination of four income-producing units, structured garage parking, and nearby recreational and everyday amenities creates a straightforward multifamily configuration.
Key Highlights
- Four‑unit quadplex with tenants in all four units
- 3,264 square feet; built in 1977
- Four‑stall garage for renters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,494
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,880
$569.9K
Cap Rate 7%
$407,057
$407.1K
Cap Rate 9%
$316,600
$316.6K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$45.0K $13.80/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$40.7K $12.47/SF
− OpEx
−$12.2K −$3.74/SF
NOI
$28.5K $8.73/SF
Area
Sioux Falls, SD
Vacancy
9.63%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,880
Cap Rate 7%
$407,057
Cap Rate 9%
$316,600
Alternative Uses
Best Use
Multifamily LT 5
$407.1K
$356.2K – $474.9K
NOI $28,494 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$373.3K
$326.7K – $435.6K
NOI $26,133 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$886.3K
$775.5K – $1.03M
NOI $62,042 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
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Business Placement
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with dedicated garage parking and convenient access to trails, recreation, dining, and the interstate.
Where is this quadplex located?
The property is located at 2601 E Pioneer Trl Sioux Falls, SD.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Four‑unit quadplex with tenants in all four units; 3,264 square feet; built in 1977; Four‑stall garage for renters
