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Townhome-Style Multifamily Property

4802 S Hosta Ave Sioux Falls, SD 57110

Claim this Listing
For Sale
$7,950,000

MULTI_FAMILY - Sioux Falls, SD

Property size:
59,544 SF
Lot size:
3.08 Acres
Price / SF:
$133/SF
Added:
Jun 23, 2026
Days on Market:
18
Last Refresh:
Jul 10 at 10:06 pm

Property Features for 4802 S Hosta Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Not Verified
Appliances
Refrigerator, Range, Dishwasher, Disposal, Washer, Dryer
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

Utilities

Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public

Building Details

Year built
2021
Floors in Building
2
Number of units
42
Flooring type
Vinyl, Carpet
Building materials
HardiPlank Type
Roof type
Composition

Listing agent David Shelton

Listing office CENTURY 21 Advantage 101 N Phillips Ave Ste 601, Sioux Falls, SD

Listing date Jun 23, 2026

MLS# 22604670 Listing URL

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.

This for-sale multifamily property features 42 nearly new townhome-style apartment homes. Each unit includes an attached garage with a mudroom entry, an open-concept main floor with kitchen/bar seating, a dining area and living room, and sliding doors to a private patio. Bedrooms are located on the upper floor, and units include in-unit laundry and a full bathroom. The community offers 2- and 3-bedroom options, including 3-bedroom plans with a primary suite.

The property is located at 4802 S Hosta Ave in southeast Sioux Falls, South Dakota, near E. 57th St and S. Sycamore Ave. Additional details such as zoning and exact underwriting terms are not verified in the provided information.

Key Highlights

  • 42 nearly new townhome‑style apartment homes (2021 construction) in SE Sioux Falls on S. Hosta Ave near E. 57th St & S. Sycamore Ave
  • Each unit includes an attached garage and mudroom entry
  • Open‑concept main floor with kitchen, dining area, living room, and sliding doors to a private patio

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $964.6k $16.20
− Vacancy −$97.8k −$1.64
EGI $866.8k $14.56
− OpEx −$390.1k −$6.55
NOI $476.7k $8.01
59,544 SF · lease $16.20/SF/yr · vacancy 10.14% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$6.81M
$5.96M – $7.95M (±1% cap)
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 (±1% cap)
NOI $1,131,812 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Law Firm Pharmacy Storage Facility Kitchen & Bath Showroom Dental Office Hair Salon

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

FAQs

What type of property is this?
Apartment building - For sale nearly new 42-unit townhome-style apartment community with attached garages and in-unit laundry in Sioux Falls.
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 nearly new townhome‑style apartment homes (2021 construction) in SE Sioux Falls on S. Hosta Ave near E. 57th St & S. Sycamore Ave; Each unit includes an attached garage and mudroom entry; Open‑concept main floor with kitchen, dining area, living room, and sliding doors to a private patio
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