Four-Unit Quadplex Under
For Sale
$1,299,000
Pending
5000 E 54th St, Sioux Falls, SD 57110
Partially completed multifamily property with spacious layouts, private outdoor areas, and room for final finish selections.
Property Size9,878 SF
Days on Market441
Property Features for 5000 E 54th St
General Information
Standard status
Pending
Size
9,878 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/3.5BA, 2,470 sf
Multifamily Units
4
Building Details
Year Built
2022
Listing Agency:
Coldwell Banker Empire Realty
Listed By:
Monica Pluim
(605) 595-7307
Source:
Siouxfallsareahomesearch
Added: Aug 10, 2025
Changed: Oct 1
Last Checked: Oct 23 at 7:32AM
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 Coldwell Banker Empire Realty
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Investment Insights
Based on property information with market context.
This four-unit quadplex, built in 2022, is approximately 50% complete and offers an opportunity to shape the remaining finishes. Each residence is designed with 2,470 square feet of living area, three bedrooms, three and a half bathrooms, and a main-level den suitable for office or flex use. Open kitchen layouts, fireplaces, walkout patios, and second-story decks are included in the planned configuration.
The property is located at 5000 E 54th St in Sioux Falls, South Dakota, within a newly established community. Shopping, dining, and parks are described as minutes away. Its four-residence format and substantial unit layouts provide a defined multifamily structure while allowing final design decisions during completion.
The property is located at 5000 E 54th St in Sioux Falls, South Dakota, within a newly established community. Shopping, dining, and parks are described as minutes away. Its four-residence format and substantial unit layouts provide a defined multifamily structure while allowing final design decisions during completion.
Key Highlights
- Four‑unit quadplex at 5000 E 54th St, Sioux Falls, SD 57110
- Approximately 50% complete, allowing final finish selections
- Each unit includes 2,470 sq ft, 3 bedrooms, 3.5 bathrooms, and a main‑level den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,232
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,640
$1.7M
Cap Rate 7%
$1,231,886
$1.2M
Cap Rate 9%
$958,133
$958.1K
Market Conditions
NOI Build-Up for 9,878 SF
Gross rent
$136.3K $13.80/SF
− Vacancy
−$13.1K −$1.33/SF
EGI
$123.2K $12.47/SF
− OpEx
−$37.0K −$3.74/SF
NOI
$86.2K $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%
$1,724,640
Cap Rate 7%
$1,231,886
Cap Rate 9%
$958,133
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,232 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$1.13M
$988.6K – $1.32M
NOI $79,088 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,761 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Partially completed multifamily property with spacious layouts, private outdoor areas, and room for final finish selections.
Where is this quadplex located?
The property is located at 5000 E 54th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four‑unit quadplex at 5000 E 54th St, Sioux Falls, SD 57110; Approximately 50% complete, allowing final finish selections; Each unit includes 2,470 sq ft, 3 bedrooms, 3.5 bathrooms, and a main‑level den
