Four-Plex Townhome-Style
2800 E Madison St, Sioux Falls, SD 57103
New
MULTI_FAMILY - Sioux Falls, SD
Property size:
5,200 SFLot size:
0.40 AcresPrice / SF:
$123/SF- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 2:06 am
Property Features for 2800 E Madison St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Not Verified
- Appliances
- Refrigerator, Range, Dishwasher, Disposal, Washer, Dryer, Microwave
- Standard status
- Active
- APN
- 78995
- Size
- 5,200 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Description
- Lot 1 Block 1 Timberline Estates 2nd Addn to City of Sioux Falls
- Tax Annual Amount
- 7821
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2015
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick Veneer, Vinyl Siding
- Roof type
- Composition
Listing agent Brandyn Vetos (605) 595-2623
Listing office Amy Stockberger Real Estate 610 W 49th Street, Sioux Falls, SD (605) 376-6780
Listing date Jun 24, 2026
MLS# 22604661
Listing URL
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.
HighLights
- Four‑plex built in 2015 with four townhome‑style units and over 5,000 SF of total multi‑unit living space
- Each unit offers 2 bedrooms and 1.5 bathrooms with central HVAC and walk‑in closets
- In‑unit laundry in every unit with washer and dryer
- Kitchens include refrigerator, dishwasher, electric range/oven, and microwave
- Seller pays water, sewer, and garbage; other utilities are tenant‑paid
- Brick veneer and vinyl siding exterior with a composition roof; vinyl and carpet flooring
Overview
This immaculate maintained four-plex offers four spacious townhome-style units. Each unit is configured with two bedrooms and one-and-a-half baths, along with central HVAC. Interior finishes include durable vinyl hardwood flooring and carpet, and each unit includes walk-in closets. In-unit convenience is supported by washers and dryers. Kitchens include dishwashers, refrigerators, and electric ovens. Onsite parking is available for tenants. The property is offered with utilities structured so the seller currently covers water, sewer, and garbage, while other utilities are tenant-paid.
The building is located at 2800 E Madison St in Sioux Falls, within Minnehaha County, South Dakota (57103). The listing does not provide additional verified details on zoning or access characteristics beyond the stated address.
For buyers seeking a manageable, owner-operated residential income property, the four-unit setup can support a balanced approach to tenant occupancy while keeping unit layouts consistent. The inclusion of central HVAC and in-unit laundry helps reduce common resident friction points, and the covered utility arrangement for water, sewer, and garbage provides additional predictability for operating costs versus fully tenant-paid models. With functional, similar layouts across all units, the property can also be well-suited to buyers looking for straightforward leasing and maintenance planning.
The building is located at 2800 E Madison St in Sioux Falls, within Minnehaha County, South Dakota (57103). The listing does not provide additional verified details on zoning or access characteristics beyond the stated address.
For buyers seeking a manageable, owner-operated residential income property, the four-unit setup can support a balanced approach to tenant occupancy while keeping unit layouts consistent. The inclusion of central HVAC and in-unit laundry helps reduce common resident friction points, and the covered utility arrangement for water, sewer, and garbage provides additional predictability for operating costs versus fully tenant-paid models. With functional, similar layouts across all units, the property can also be well-suited to buyers looking for straightforward leasing and maintenance planning.
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 | $71.8k | $13.80 |
| − Vacancy | −$6.9k | −$1.33 |
| EGI | $64.8k | $12.47 |
| − OpEx | −$19.5k | −$3.74 |
| NOI | $45.4k | $8.73 |
5,200 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.691048
- Latitude
- 43.560192
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Immaculately maintained four-plex with two-bedroom units, in-unit laundry, and tenant parking for steady residential income.
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‑plex built in 2015 with four townhome‑style units and over 5,000 SF of total multi‑unit living space; Each unit offers 2 bedrooms and 1.5 bathrooms with central HVAC and walk‑in closets; In‑unit laundry in every unit with washer and dryer
