4-Unit Quadplex with
2900 E Klondike Trl, Sioux Falls, SD 57103
For Sale
New
$549,000
MULTI-FAMILY, Sioux Falls, SD
Property Size3,776 SF
Lot Size0.32 Acres
Price / SF$145.39
Days on Market2
Property Features for 2900 E Klondike Trl
General Information
Property type
Property subtype
Zoning
Rooms
Security features
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
common utility area
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Professionals Inc · RE/MAX International
(605) 334-8585
Listed By:
Lisa Touney · License SD #12127
(605) 310-1162
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 9:06AM
MLS# 22608483
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 1977, this four-unit property contains 3,776 square feet on a 0.3223-acre lot. The apartments each have two bedrooms and one bathroom. Four detached single-stall garages provide one garage space per apartment, and residents share a common utility area. Recent updates have been made to the property.
The building has vinyl siding, vinyl and carpet flooring, hot-water heating, and window-unit cooling. Public water and sewer serve the property. A basement is also part of the building.
The building has vinyl siding, vinyl and carpet flooring, hot-water heating, and window-unit cooling. Public water and sewer serve the property. A basement is also part of the building.
Key Highlights
- Four apartments, each with two bedrooms and one bathroom
- 3,776 square feet on a 0.3223‑acre lot
- Four detached single‑stall garages, one assigned to each apartment
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
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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 - Each apartment has two bedrooms and one bathroom, plus a dedicated detached garage.
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 apartments, each with two bedrooms and one bathroom; 3,776 square feet on a 0.3223‑acre lot; Four detached single‑stall garages, one assigned to each apartment
