4601 East 3rd Street, Sioux Falls, SD 57110

Building Details

Year Built

1994

Listing office Bender Commercial Show Phone

Listing date Jun 11, 2026

Source Crexi

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Overview

This two-story residential income property is built around a townhome configuration with private entrances for each unit. The layouts are family-oriented and include central heat and air, eat-in kitchens, and walk-in closets. Many units also feature patios or yards that support private outdoor space. Detached single-stall garages are included with rent, helping reduce parking friction for residents.

The community is situated on the east side of Sioux Falls near Washington High School, in an established residential setting. This location supports renter demand from local households seeking a more private, suburban-style living environment.

With 41 of 48 units updated since 2021, the property offers a meaningful portion of renovated interiors within a consistent townhome-style rental product. For tenants, the combination of private entrances, in-unit comfort provided by central heat and air, and attached-by-routine convenience of a detached garage can make day-to-day living more functional. For buyers and operators, the mix of updated units and lower-turnover townhome configuration can help support a more stable rental profile versus traditional apartment layouts, while maintaining a coherent community design throughout the property.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Sioux Falls

County

Lincoln

State

South Dakota

Longitude

-96.669034

Latitude

43.5547112

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FAQs

What type of property is this?

Apartment building - Two-story rental community with private entrances, eat-in kitchens, patios or yards, and detached single-stall garages.

Where is this apartment building located?

The property is located at 4601 East 3rd Street Sioux Falls, SD.

What is the asking price?

The asking price for this property is $5,100,000.

What are key features of this property?

This property features: Built in 1994, two‑story rental community with private entrances and family‑oriented layouts; Unit features include central heat and air, eat‑in kitchens, walk‑in closets, and patios or yards; Detached single‑stall garages included with rent to help reduce parking friction for tenants