Large Multifamily Community in Sioux
4213 E 12th St, Sioux Falls, SD 57103
248-unit apartment complex in established residential area.
Type:Multifamily
Property size:
240,986 SFLot size:
9.50 AcresPrice / SF:
$128/SF- Added:
- Jan 30, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4213 E 12th St
General Information
- Standard status
- Active
- Size
- 240,986 SF
- Lot size
- 9.50 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing agent Brad Stearns License #15071
Listing office 605 Real Estate
Listing date Jan 30, 2026
Source Crexi
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
HighLights
- Large‑scale multifamily community with 248 units in Sioux Falls, SD.
- High occupancy rate of 91.1%, indicating strong rental demand.
- Convenient access to major employment centers, healthcare, retail, and primary arterial roadways.
- Ample parking available, including surface parking and detached garage stalls.
- Zoning supports continued multifamily use without restriction.
- Opportunity to acquire individually or as part of a larger 716‑unit multifamily portfolio.
Overview
Taylor’s Place Apartments, located at 4213 E 12th Street in Sioux Falls, South Dakota, is a large-scale, garden-style multifamily community. The property consists of 248 one- and two-bedroom units across 17 residential buildings, situated on approximately 9.5 acres in an established residential corridor. Constructed in 1973, the asset features a mix of two- and three-story buildings and is positioned as a Class C workforce housing community. The property's size is 240986 square feet. Taylor’s Place offers residents convenient access to major employment centers, healthcare, retail, and primary arterial roadways. The property includes a combination of surface parking and detached garage stalls. The community is currently 91.1% occupied as of December 1, 2025, and operates with in-place cash flow. Zoning supports continued multifamily use without restriction. Taylor’s Place may be acquired individually or as part of a larger 716-unit multifamily portfolio.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$21.44M
NOI $1,929,461 @ 9.00% cap · cautious / downside scenario
Moderate
$27.56M
NOI $1,929,461 @ 7.00% cap · market / base-case scenario
Aggressive
$38.59M
NOI $1,929,461 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.90M | $16.20 |
| − Vacancy | −$395.9k | −$1.64 |
| EGI | $3.51M | $14.56 |
| − OpEx | −$1.58M | −$6.55 |
| NOI | $1.93M | $8.01 |
240,986 SF · lease $16.20/SF/yr · vacancy 10.14% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$27.56M
$24.12M – $32.16M
NOI $1,929,461 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$65.44M
$57.26M – $76.34M
NOI $4,580,662 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Taylor's Place Apartments
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.6747932
- Latitude
- 43.543619
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 248-unit apartment complex in established residential area.
Where is this apartment building located?
The property is located at 4213 E 12th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $31,000,000.
What are key features of this property?
This property features: Large‑scale multifamily community with **248 units** in Sioux Falls, SD.; **High occupancy rate of 91.1%**, indicating strong rental demand.; Convenient access to major employment centers, healthcare, retail, and primary arterial roadways.
