Four-Unit Townhome-Style
For Sale
$640,000
2800 E Madison St Unit 1-4, Sioux Falls, SD 57103
Four individually configured residences with private laundry, central HVAC, and tenant parking.
Property Size5,200 SF
Price / SF$123.08
Days on Market122
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Property Features for 2800 E Madison St Unit 1-4
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Multi-Family
Building Details
Year Built
2015
Listing Agency:
Amy Stockberger Real Estate
Listed By:
Brandyn Vetos
(712) 898-5028
Source:
Siouxfallsareahomesearch
Added: Jun 16
Changed: Oct 1
Last Checked: Oct 14 at 11:10PM
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 Amy Stockberger Real Estate
Investment Insights
Based on property information with market context.
Built in 2015, this quadplex contains four townhome-style units totaling 5,200 square feet. Each residence offers two bedrooms, one-and-a-half bathrooms, walk-in closets, central HVAC, in-unit laundry, and a mix of dura-vinyl hardwood flooring and carpet. Kitchens are equipped with dishwashers, refrigerators, and electric ovens. On-site parking serves the property.
Located at 2800 E Madison St in Sioux Falls, the property is arranged for multi-unit residential use, with separate residences sharing a single investment asset. The seller pays water, sewer, and garbage, while tenants cover all other utilities.
Located at 2800 E Madison St in Sioux Falls, the property is arranged for multi-unit residential use, with separate residences sharing a single investment asset. The seller pays water, sewer, and garbage, while tenants cover all other utilities.
Key Highlights
- Four townhome‑style units with 5,200 SF of total living area
- Built in 2015
- Each unit includes 2 bedrooms and 1.5 bathrooms
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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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four individually configured residences with private laundry, central HVAC, and tenant parking.
Where is this quadplex located?
The property is located at 2800 E Madison St Unit 1-4 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 5,200 SF of total living area; Built in 2015; Each unit includes 2 bedrooms and 1.5 bathrooms
