Eight-Property Quadplex
For Sale
$611,900
300 Arianna Pl, Tea, SD 57064
Multifamily portfolio comprising eight four-plex properties and 32 residential units in Tea, South Dakota.
Property Size4,366 SF
Price / SF$140.15
Days on Market237
Property Features for 300 Arianna Pl
General Information
Standard status
Active
Size
4,366 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$4,890,000
Multifamily Units
32
Building Details
Year Built
2009
Buildings
8
Listing Agency:
eXp Realty - Elevated Sioux Falls
Listed By:
Nick Dieter
(605) 376-0597
Source:
Siouxfallsareahomesearch
Added: Feb 20
Changed: Oct 1
Last Checked: Oct 14 at 11:01PM
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 eXp Realty - Elevated Sioux Falls
Investment Insights
Based on property information with market context.
This multifamily offering consists of eight four-plex properties containing 32 residential units. The buildings were constructed in 2009 and are being presented as a portfolio acquisition. The property information identifies the portfolio locations as 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place in Tea, South Dakota.
The reported property size is 4,366 square feet. The seller may consider a transaction involving fewer than all eight properties, providing flexibility in the portfolio structure. The asset is classified as quadplexes and is offered for sale.
The reported property size is 4,366 square feet. The seller may consider a transaction involving fewer than all eight properties, providing flexibility in the portfolio structure. The asset is classified as quadplexes and is offered for sale.
Key Highlights
- Eight four‑plex properties offered as one portfolio
- 32 total residential units
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,775
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,500
$735.5K
Cap Rate 7%
$525,357
$525.4K
Cap Rate 9%
$408,611
$408.6K
Market Conditions
NOI Build-Up for 4,366 SF
Gross rent
$55.0K $12.60/SF
− Vacancy
−$2.5K −$0.57/SF
EGI
$52.5K $12.03/SF
− OpEx
−$15.8K −$3.61/SF
NOI
$36.8K $8.42/SF
Area
Lincoln County, SD
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,500
Cap Rate 7%
$525,357
Cap Rate 9%
$408,611
Alternative Uses
Best Use
Multifamily LT 5
$525.4K
$459.7K – $612.9K
NOI $36,775 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$485.1K
$424.4K – $565.9K
NOI $33,955 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$969.3K
$848.1K – $1.13M
NOI $67,848 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 57064, SD
6,908
Population
2,652
Households
2.6
Avg Household Size
31
Median Age
39%
College-Educated
98%
High-School Grad
25.6 sq mi
ZIP Area
270
Density / Sq Mi
$104,351
Median Household Income
$54,400
Median Earnings
$1,132
Median Rent
$330,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily portfolio comprising eight four-plex properties and 32 residential units in Tea, South Dakota.
Where is this quadplex located?
The property is located at 300 Arianna Pl Tea, SD.
What is the asking price?
The asking price for this property is $611,900.
What are key features of this property?
This property features: Eight four‑plex properties offered as one portfolio; 32 total residential units; Built in 2009
