Eight-Property Quadplex
For Sale
$611,900
320 Arianna Pl, Tea, SD 57064
Portfolio of four-plex properties located in Tea, South Dakota.
Property Size4,366 SF
Price / SF$140.15
Days on Market237
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Property Features for 320 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
2008
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 11:44PM
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 portfolio comprises eight four-plex buildings with a combined total of 32 units. The properties were built in 2008 and are being offered together as a multi-property residential investment asset.
The portfolio includes 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place in Tea, South Dakota. The listed holdings provide a concentrated group of quadplex properties within the same community.
The portfolio includes 300, 301, 310, 315, 320, 325, 330, and 335 Arianna Place in Tea, South Dakota. The listed holdings provide a concentrated group of quadplex properties within the same community.
Key Highlights
- Eight four‑plex buildings offered as one portfolio
- 32 total residential units
- Properties built in 2008
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.
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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
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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 - Portfolio of four-plex properties located in Tea, South Dakota.
Where is this quadplex located?
The property is located at 320 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 buildings offered as one portfolio; 32 total residential units; Properties built in 2008
