Fourplex with Detached
2900 E Klondike Trl Sioux Falls, SD 57103
For Sale
$549,000
MULTI_FAMILY - Sioux Falls, SD
Property Size3,776 SF
Lot Size0.32 Acres
Price / SF$145.39
Days on Market47
Property Features for 2900 E Klondike Trl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Not Verified
- Rooms
- Basement
- Security features
- Security Lighting
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 38270
- Size
- 3,776 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- E 45` 16 & ALL 15 BLOCK 5 KLONDIKE ADDN TO CITY OF SIOUX FALLS
- Tax Annual Amount
- 5493
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing Agency:
RE/MAX Professionals Inc
(605) 334-8585
Listed By:
Lisa Touney · License #12127
(605) 310-1162
Added: Jun 9
Changed: Jul 25
Last Checked: Jul 25 at 8:06AM
MLS# 22604191
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 property is a four-unit multifamily building configured as four separate 2-bedroom, 1-bath residences. Each unit includes its own detached single-stall garage, an amenity designed to support tenant convenience and everyday vehicle parking. A common utility area helps organize shared services and adds practical functionality to the property layout. The offering includes recent property improvements and updates, intended to provide added value for the next owner.
The property is located at 2900 E Klondike Trl in Sioux Falls, within Minnehaha County. It sits on a 0.3223-acre lot, providing a compact site for a small residential income building.
For investors or owner-operators seeking a small, manageable residential income asset, the unit mix of four 2-bedroom apartments offers a consistent configuration across the property. The detached garages for each unit are a tangible feature that can improve day-to-day tenant experience, while the common utility area supports orderly building operations. With recent updates already in place, this fourplex may appeal to buyers looking for a streamlined path to owning a fully income-producing multifamily asset.
The property is located at 2900 E Klondike Trl in Sioux Falls, within Minnehaha County. It sits on a 0.3223-acre lot, providing a compact site for a small residential income building.
For investors or owner-operators seeking a small, manageable residential income asset, the unit mix of four 2-bedroom apartments offers a consistent configuration across the property. The detached garages for each unit are a tangible feature that can improve day-to-day tenant experience, while the common utility area supports orderly building operations. With recent updates already in place, this fourplex may appeal to buyers looking for a streamlined path to owning a fully income-producing multifamily asset.
Key Highlights
- Four‑plex with four 2‑bedroom, 1‑bath units
- Each unit includes its own detached single‑stall garage
- Common utility area for shared functionality
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 | $52.1k | $13.80 |
| − Vacancy | −$5.0k | −$1.33 |
| EGI | $47.1k | $12.47 |
| − OpEx | −$14.1k | −$3.74 |
| NOI | $33.0k | $8.73 |
3,776 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$470.9K
$412.1K – $549.4K
NOI $32,964 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$431.9K
$377.9K – $503.9K
NOI $30,233 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M
NOI $71,774 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four spacious two-bedroom units each include a detached single-stall garage, supporting straightforward resident parking and storage.
Where is this quadplex located?
The property is located at 2900 E Klondike Trl Sioux Falls, SD.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Four‑plex with four 2‑bedroom, 1‑bath units; Each unit includes its own detached single‑stall garage; Common utility area for shared functionality
