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64-Unit Apartment Building
For Sale
$6,400,000

4203 S West Ave, Sioux Falls, SD 57105

The multifamily property offers one- and two-bedroom residences alongside 64 garages.

Property Size14,208 SF
Price / SF$450.45
Days on Market285

Property Features for 4203 S West Ave

General Information

Standard status Active
Size 14,208 SF
Total Parking Spaces 64
Property subtype Multi-Family

Units

Unit Mix 56 x 2 Bedroom, 8 x 1 Bedroom
Multifamily Units 64

Building Details

Year Built 1975
Listing Agency: Gateway Real Estate Advisors
Listed By: Daniel Stillson · License #S73739000
Source: Siouxfallsareahomesearch
Added: Nov 20, 2025 Changed: Aug 31 Last Checked: Aug 31 at 5:34PM

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 Gateway Real Estate Advisors

Investment Insights

Based on property information with market context.

This 64-unit apartment property was built in 1975 and includes a varied residential layout. The unit mix comprises 56 two-bedroom apartments and 8 one-bedroom apartments, providing a clear combination of larger and smaller floor plans within the community. The property also includes 64 garages.

The asset is associated with eight South West Avenue addresses in Sioux Falls: 4203, 4101, 4103, 4201, 4209, 4205, 4207, and 4211 S West Ave. Together, the buildings represent a multifamily offering with documented unit counts, bedroom mix, garage inventory, and established construction dating to 1975.

Key Highlights

  • 64‑unit multifamily property built in 1975
  • Unit mix includes 56 x 2 Bedroom units and 8 x 1 Bedroom units
  • 64 garages included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center Electrical Service HVAC Service Food Market Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

64
Residential units

Location Intelligence

Trade Area within ½ mile

1,017
Businesses Nearby

Demographics for 57105, SD

22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The multifamily property offers one- and two-bedroom residences alongside 64 garages.
Where is this apartment building located?
The property is located at 4203 S West Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: 64‑unit multifamily property built in 1975; Unit mix includes 56 x 2 Bedroom units and 8 x 1 Bedroom units; 64 garages included
More about this property
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