Fourplex Income
2601 E Pioneer Trl Sioux Falls, SD 57103
2601 E Pioneer Trl, Sioux Falls, SD, 57103
$539,000
For Sale
$539,000
MULTI_FAMILY - Sioux Falls, SD
Property Size3,264 SF
Lot Size0.32 Acres
Price / SF$165.13
Days on Market12
Property Features for 2601 E Pioneer Trl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active
- APN
- 38253
- Size
- 3,264 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- LOT 2B BLOCK 4 KLONDIKE ADDN TO CITY OF SIOUX FALLS
- Tax Annual Amount
- 4745
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Vinyl
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
CORE Real Estate
(605) 438-2738
Listed by
Spencer Mannes
(605) 310-8800
Added: Jul 10 Updated: Jul 21 at 1:29AM Checked: Jul 21 at 8:06AM
MLS# 22605176
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.
Investment Insights
Based on property information with market context.
This fourplex offers four rental units with tenants already in place. The property also includes a four-stall garage intended for renters, along with five additional parking spaces for resident and guest use.
Located at 2601 Pioneer Trl in Sioux Falls, the building is described as conveniently positioned across the street from bike trails and close to area amenities including Avera Fitness, the interstate, restaurants, and parks.
For buyers seeking a multi-family investment with current tenant occupancy and on-site parking, this fourplex presents a straightforward income setup with dedicated garage space.
Located at 2601 Pioneer Trl in Sioux Falls, the building is described as conveniently positioned across the street from bike trails and close to area amenities including Avera Fitness, the interstate, restaurants, and parks.
For buyers seeking a multi-family investment with current tenant occupancy and on-site parking, this fourplex presents a straightforward income setup with dedicated garage space.
Key Highlights
- 4‑plex with 4 units currently tenant‑occupied
- 4‑stall garage for renters plus 5 additional parking spots
- Year built: 1977
Local Financial Insights For Multifamily LT 5
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 | $45.0k | $13.80 |
| − Vacancy | −$4.3k | −$1.33 |
| EGI | $40.7k | $12.47 |
| − OpEx | −$12.2k | −$3.74 |
| NOI | $28.5k | $8.73 |
3,264 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units with active tenants, plus a four-stall garage and five additional parking spaces.
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: 4‑plex with 4 units currently tenant‑occupied; 4‑stall garage for renters plus 5 additional parking spots; Year built: 1977
