Luxury Four-Unit Property in Sioux
5000 E 54th St Sioux Falls, SD 57110
5000 E 54th St, Sioux Falls, SD, 57110
$1,299,000
Pending
For Sale
$1,299,000
Pending
MULTI_FAMILY - Sioux Falls, SD
Property Size9,878 SF
Lot Size0.45 Acres
Days on Market385
Property Features for 5000 E 54th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Standard status
- Pending
- APN
- 95131
- Size
- 9,878 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Description
- Lot 2D Block 1 Brooks Crossing Addition An Addn To The City Of Sioux Falls
- Tax Annual Amount
- 10882
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 3
- Number of units
- 4
- Building materials
- HardiPlank Type, Stucco
Listing Agency
Coldwell Banker Empire Realty
(605) 610-9848
800 S 7th Avenue, Sioux Falls, SD
Listed by
Monica Pluim
(605) 201-5998
Added: Jun 27, 2025 Checked: Jul 16 at 7:06 pm
MLS# 22505002
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.
Located in southeast Sioux Falls, this four-unit property offers a blend of modern design and a prime location near shopping, dining, and parks. Each unit features 2,470 square feet of living space, including 3 bedrooms, 3.5 bathrooms, and a main-level den suitable for a home office or flex space. The units have open-concept kitchens and fireplaces. Outdoor living is enhanced by walkout patios and second-story decks. The property, situated on a 0.4496-acre lot, is currently 50% complete, offering an opportunity to choose final finishes. This property is intended for use as a residential income property.
Key Highlights
- Four‑unit property in upscale Southeast Sioux Falls community, offering luxury living and investment potential.
- Each unit boasts 2,470 sq ft of high‑end living space with 3 bedrooms and 3.5 bathrooms.
- Prime location: Minutes from shopping, dining, and parks.
Local Financial Insights For Multifamily LT 5
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 | $136.3k | $13.80 |
| − Vacancy | −$13.1k | −$1.33 |
| EGI | $123.2k | $12.47 |
| − OpEx | −$37.0k | −$3.74 |
| NOI | $86.2k | $8.73 |
9,878 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Upscale four-unit property in a desirable Sioux Falls location.
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 property in upscale Southeast Sioux Falls community, offering luxury living and investment potential.; Each unit boasts **2,470 sq ft of high‑end living space** with 3 bedrooms and 3.5 bathrooms.; Prime location: Minutes from shopping, dining, and parks.
