Triplex with Four-Stall
New
For Sale
$530,000
4813 S Baha Ave, Sioux Falls, SD 57106
Three separate residences offer varied bedroom layouts, private entrances, decks and fenced grounds.
Property Size4,166 SF
Price / SF$127.22
Days on Market1
Property Features for 4813 S Baha Ave
General Information
Standard status
Active
Size
4,166 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Amenities
fenced-in grounds
decks
Building Details
Year Built
1977
Listing Agency:
Landmark Realty & Auction
Listed By:
Amy Stockberger Real Estate
(605) 501-6622
Source:
Findahomeinsiouxfalls
Added: Oct 23
Last Checked: Oct 23 at 5:41PM
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 Landmark Realty & Auction
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Investment Insights
Based on property information with market context.
This three-unit property contains 4,166 square feet across residences with distinct layouts. The home built in 1996 has 3 bedrooms, 2 bathrooms and 1,768 square feet, plus vaulted ceilings, laminate wood flooring, a lower-level family room with a gas fireplace and a four-stall garage. Its kitchen and bathrooms have ceramic tile. The two residences dating to 1977 include one with 2 bedrooms, 1 bathroom and 1,092 square feet, and another with 3 bedrooms and 1 bathroom.
Each residence has a separate entrance and deck, and the property includes attached garages. Fenced grounds and a roof replacement in 2022 round out the property’s physical features.
Each residence has a separate entrance and deck, and the property includes attached garages. Fenced grounds and a roof replacement in 2022 round out the property’s physical features.
Key Highlights
- Three residential units totaling 4,166 square feet
- 1996 residence: 3 bedrooms, 2 bathrooms and 1,768 square feet
- One 1977 unit has 2 bedrooms, 1 bathroom and 1,092 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,368
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,360
$727.4K
Cap Rate 7%
$519,543
$519.5K
Cap Rate 9%
$404,089
$404.1K
Market Conditions
NOI Build-Up for 4,166 SF
Gross rent
$57.5K $13.80/SF
− Vacancy
−$5.5K −$1.33/SF
EGI
$52.0K $12.47/SF
− OpEx
−$15.6K −$3.74/SF
NOI
$36.4K $8.73/SF
Area
Sioux Falls, SD
Vacancy
9.63%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,360
Cap Rate 7%
$519,543
Cap Rate 9%
$404,089
Alternative Uses
Best Use
Multifamily LT 5
$519.5K
$454.6K – $606.1K
NOI $36,368 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$476.5K
$416.9K – $555.9K
NOI $33,355 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.13M
$989.8K – $1.32M
NOI $79,187 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
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Business Placement
Demographics for 57106, SD
47,877
Population
21,722
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
93%
High-School Grad
30.3 sq mi
ZIP Area
1,580
Density / Sq Mi
$77,070
Median Household Income
$47,554
Median Earnings
$996
Median Rent
$268,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer varied bedroom layouts, private entrances, decks and fenced grounds.
Where is this triplex located?
The property is located at 4813 S Baha Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Three residential units totaling 4,166 square feet; 1996 residence: 3 bedrooms, 2 bathrooms and 1,768 square feet; One 1977 unit has 2 bedrooms, 1 bathroom and 1,092 square feet
