Eight-Property Quadplex
For Sale
$611,900
301 Arianna Pl, Tea, SD 57064
Eight well-maintained four-plex buildings are offered together as a multifamily portfolio in Tea, South Dakota.
Property Size4,366 SF
Price / SF$140.15
Days on Market117
Property Features for 301 Arianna Pl
General Information
Standard status
Active
Size
4,366 SF
Property subtype
Residential Income
Additional Details
Asking Price
$4,890,000
Multifamily Units
32
Building Details
Buildings
8
Listing Agency:
eXp Realty - Elevated Sioux Falls
Listed By:
Nick Dieter
(605) 376-0597
Source:
Exprealty
Added: Jun 11
Changed: Sep 8
Last Checked: Oct 4 at 4:13PM
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 comprises 8 well-maintained four-plex buildings with a combined total of 32 units. The properties are being presented as a single portfolio and are located on Arianna Place in Tea, South Dakota.
Included addresses are 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place. The seller may consider a transaction involving fewer than all 8 properties, providing flexibility in structuring an acquisition.
Included addresses are 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place. The seller may consider a transaction involving fewer than all 8 properties, providing flexibility in structuring an acquisition.
Key Highlights
- 8 four‑plexes offered as one portfolio
- 32 total units across the portfolio
- Properties located at 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Eight well-maintained four-plex buildings are offered together as a multifamily portfolio in Tea, South Dakota.
Where is this quadplex located?
The property is located at 301 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: 8 four‑plexes offered as one portfolio; 32 total units across the portfolio; Properties located at 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place
