Four-Unit Apartment
For Sale
$549,000
2900 E Klondike Trl, Sioux Falls, SD 57103
MULTI-FAMILY, Sioux Falls, SD
Property Size3,776 SF
Lot Size0.32 Acres
Price / SF$145.39
Days on Market137
Property Features for 2900 E Klondike Trl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Not Verified
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 4
Security features
Security Lighting
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Subdivision
Klondike Addn
Elementary school
Harvey Dunn ES
Middle school
Ben REifel Middle School
High school
Washington HS
Elementary school district
Sioux Falls
Middle school district
SiouxFalls
High school district
SiouxFalls
Directions
E. 26th & S. Bahnson, W. on Oak St. which turns into Klondike
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
Legal Description
E 45` 16 & ALL 15 BLOCK 5 KLONDIKE ADDN TO CITY OF SIOUX FALLS
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
common utility area
Building Details
Year built
1977
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
RE/MAX Professionals Inc · RE/MAX International
(605) 334-8585
Listed By:
Lisa Touney
(605) 310-1162
Added: Jun 9
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
Located at 2900 E Klondike Trl in Sioux Falls, this four-unit apartment property contains four two-bedroom, one-bath residences within 3,776 square feet. Each unit is paired with a detached single-stall garage, while a common utility area serves the property.
The 0.3223-acre site includes vinyl siding, composition roofing, carpet and vinyl flooring, hot water heating, and window-unit cooling. Appliances include ranges, refrigerators, dishwashers, washers, and dryers. Public water and public sewer serve the property. Built in 1977, the asset is positioned in the east-side Sioux Falls area.
The 0.3223-acre site includes vinyl siding, composition roofing, carpet and vinyl flooring, hot water heating, and window-unit cooling. Appliances include ranges, refrigerators, dishwashers, washers, and dryers. Public water and public sewer serve the property. Built in 1977, the asset is positioned in the east-side Sioux Falls area.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- 3,776 square feet on a 0.3223‑acre site
- Detached single‑stall garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,964
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,280
$659.3K
Cap Rate 7%
$470,914
$470.9K
Cap Rate 9%
$366,267
$366.3K
Market Conditions
NOI Build-Up for 3,776 SF
Gross rent
$52.1K $13.80/SF
− Vacancy
−$5.0K −$1.33/SF
EGI
$47.1K $12.47/SF
− OpEx
−$14.1K −$3.74/SF
NOI
$33.0K $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%
$659,280
Cap Rate 7%
$470,914
Cap Rate 9%
$366,267
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 authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
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 - Each residence includes a detached single-stall garage and access to a shared utility area.
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 2‑bedroom, 1‑bath units; 3,776 square feet on a 0.3223‑acre site; Detached single‑stall garage for each unit
