Sioux Falls Multifamily Investment
For Sale
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Pending
3113 W 12th St, Sioux Falls, SD 57104
30-unit apartment complex in Sioux Falls, 100% occupied.
Property Size60,798 SF
Lot Size1.47 Acres
Days on Market202
Property Features for 3113 W 12th St
General Information
Standard status
Pending
Size
60,798 SF
Class
B
Lot size
1.47 Acres
Property subtype
Multifamily
Zoning
RA-2
Occupancy
93%
Investment Type
Core+
Building Details
Year Built
1984
Buildings
1
Stories
2
Units
30
Listing Agency:
605 Real Estate
Listed By:
Brad Stearns · License #15071
Source:
Crexi
Added: Jan 30
Changed: Aug 9
Last Checked: Aug 8 at 5:51AM
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 605 Real Estate
Investment Insights
Based on property information with market context.
Woodstone Apartments is a 30-unit, Class B, garden-style multifamily property situated in a centrally positioned neighborhood of Sioux Falls, South Dakota. Constructed in 1984, the three-story building is located on approximately 1.47 acres. The property features a mix of one- and two-bedroom apartments, with an average unit size of roughly 900 square feet. The property is currently 100% occupied. Parking includes both surface and garage spaces. Zoning supports continued multifamily use without restriction. The property is well-maintained and positioned as a workforce housing asset with limited deferred maintenance. The location benefits from proximity to employment drivers, healthcare, retail, parks, and major arterial roadways. The property contains 60798 square feet.
Key Highlights
- 100% Occupancy: Provides immediate, stabilized cash flow.
- Strong Rental Market: Located in Sioux Falls, one of the Midwest's strongest and most resilient rental markets.
- Desirable Unit Mix: Features a mix of one- and two‑bedroom apartments.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 30-unit apartment complex in Sioux Falls, 100% occupied.
Where is this apartment building located?
The property is located at 3113 W 12th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate, stabilized cash flow.; Strong Rental Market: Located in Sioux Falls, one of the Midwest's strongest and most resilient rental markets.; Desirable Unit Mix: Features a mix of one- and two‑bedroom apartments.
