42-Unit Townhome-Style Apartment
For Sale
$7,950,000
4802 S Hosta Ave, Sioux Falls, SD 57110
MULTI-FAMILY, Sioux Falls, SD
Property Size59,544 SF
Lot Size3.08 Acres
Price / SF$133.51
Days on Market115
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Property Features for 4802 S Hosta Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Not Verified
Appliances
Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Subdivision
BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALL
Elementary school
John Harris ES
Middle school
Ben REifel Middle School
High school
Washington HS
Elementary school district
Sioux Falls
Middle school district
SiouxFalls
High school district
SiouxFalls
Directions
S from E 57th & Sycamore go N to E 54th St, S on S Hosta Ave, property on the east side of the road
Standard status
Active
APN
93024, 25, 26
Size
59,544 SF
Lot size
3.08 Acres
Taxes and HOA fees
Tax Description
LOT 2A, 2B, 2C BLOCK 3 BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALLS
Tax Annual Amount
97489
Legal Description
LOT 2A, 2B, 2C BLOCK 3 BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALLS
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Amenities
attached garage
private patio
mudroom entry
in-unit laundry
open-concept floor plan
Building Details
Year built
2021
Floors in Building
2
Number of units
42
Flooring type
Carpet, Vinyl
Building materials
HardiPlank Type
Roof type
Composition
Listing Agency:
CENTURY 21 Advantage · Century 21 Real Estate
Listed By:
David Shelton · License #14836
(605) 336-2121
Added: Jun 23
Changed: Oct 15
Last Checked: Oct 15 at 4:06PM
MLS# 22604670
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 59,544-square-foot apartment property includes 42 townhome-style residences across 3.0815 acres. The two-story layouts place bedrooms and a full bathroom upstairs, with three-bedroom plans adding a walk-in closet and ensuite bathroom in the primary suite. Main-level features include open-concept kitchen, dining, and living areas, bar seating, sliding-door access to a private patio, and a mudroom connected to the attached garage. Each residence also includes an in-unit laundry center.
The property is located at 4802 S Hosta Ave in Sioux Falls, near E. 57th St and S. Sycamore Ave. Unit options include two- and three-bedroom plans, and nine Plan C homes provide two-car garages. Building systems include forced-air natural-gas heating, electric cooling, public water, public sewer, composition roofing, HardiPlank siding, vinyl and carpet flooring, and kitchens equipped with refrigerators, ranges, dishwashers, and disposals.
The property is located at 4802 S Hosta Ave in Sioux Falls, near E. 57th St and S. Sycamore Ave. Unit options include two- and three-bedroom plans, and nine Plan C homes provide two-car garages. Building systems include forced-air natural-gas heating, electric cooling, public water, public sewer, composition roofing, HardiPlank siding, vinyl and carpet flooring, and kitchens equipped with refrigerators, ranges, dishwashers, and disposals.
Key Highlights
- 42 townhome‑style apartment homes
- 59,544 square feet on 3.0815 acres
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$476,741
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,534,820
$9.5M
Cap Rate 7%
$6,810,586
$6.8M
Cap Rate 9%
$5,297,122
$5.3M
Market Conditions
NOI Build-Up for 59,544 SF
Gross rent
$964.6K $16.20/SF
− Vacancy
−$97.8K −$1.64/SF
EGI
$866.8K $14.56/SF
− OpEx
−$390.1K −$6.55/SF
NOI
$476.7K $8.01/SF
Area
Sioux Falls, SD
Vacancy
10.14%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,534,820
Cap Rate 7%
$6,810,586
Cap Rate 9%
$5,297,122
Alternative Uses
Best Use
Apartment 5plus
$6.81M
$5.96M – $7.95M
NOI $476,741 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.17M
$14.15M – $18.86M
NOI $1,131,812 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 57110, SD
22,013
Population
9,178
Households
2.4
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,053
Density / Sq Mi
$87,114
Median Household Income
$52,202
Median Earnings
$1,018
Median Rent
$365,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Nearly new rental community with private entries, attached garages, and in-unit laundry.
Where is this apartment building located?
The property is located at 4802 S Hosta Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 42 townhome‑style apartment homes; 59,544 square feet on 3.0815 acres; Built in 2021
