Townhome-Style
2800 E Madison St, Sioux Falls, SD 57103
For Sale
$640,000
MULTI-FAMILY, Sioux Falls, SD
Property Size5,200 SF
Lot Size0.40 Acres
Price / SF$123.08
Days on Market142
Property Features for 2800 E Madison St
General Information
Property type
Property subtype
Zoning
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
central HVAC
walk-in closets
dura-vinyl hardwood flooring
carpet
in-unit washers & dryers
dishwashers
refrigerators
electric ovens
onsite parking
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Amy Stockberger Real Estate
(605) 376-6780
Listed By:
Brandyn Vetos
(605) 595-2623
Added: Jun 24
Changed: Nov 12
Last Checked: Nov 12 at 9:06AM
MLS# 22604661
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.
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Investment Insights
Based on property information with market context.
Built in 2015, this quadplex contains four townhome-style units totaling 5200 square feet. Each residence has two bedrooms and one-and-a-half baths, with central HVAC, walk-in closets, vinyl and carpet flooring, and an in-unit washer and dryer. Kitchens include dishwashers, refrigerators, electric ranges, microwaves, and disposals. Brick veneer and vinyl siding, forced-air natural-gas heating, electric cooling, a composition roof, and public water and sewer complete the building profile.
The property occupies 0.3967 acres at 2800 E Madison St in Sioux Falls, SD 57103. On-site parking serves tenants. Water, sewer, and garbage are owner-paid, while tenants handle other utilities.
The property occupies 0.3967 acres at 2800 E Madison St in Sioux Falls, SD 57103. On-site parking serves tenants. Water, sewer, and garbage are owner-paid, while tenants handle other utilities.
Key Highlights
- Four townhome‑style units with two bedrooms and one‑and‑a‑half baths each
- 5200 square feet of total multi‑unit living space
- Built in 2015 on a 0.3967‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,395
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,900
$907.9K
Cap Rate 7%
$648,500
$648.5K
Cap Rate 9%
$504,389
$504.4K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$71.8K $13.80/SF
− Vacancy
−$6.9K −$1.33/SF
EGI
$64.8K $12.47/SF
− OpEx
−$19.5K −$3.74/SF
NOI
$45.4K $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%
$907,900
Cap Rate 7%
$648,500
Cap Rate 9%
$504,389
Alternative Uses
Best Use
Multifamily LT 5
$648.5K
$567.4K – $756.6K
NOI $45,395 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$594.8K
$520.4K – $693.9K
NOI $41,634 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,842 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
96
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 - Four townhome-style residences offer individual laundry, central HVAC, and on-site tenant parking.
Where is this quadplex located?
The property is located at 2800 E Madison St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four townhome‑style units with two bedrooms and one‑and‑a‑half baths each; 5200 square feet of total multi‑unit living space; Built in 2015 on a 0.3967‑acre parcel
