4802 S Hosta Ave, Sioux Falls, SD 57110
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
4802 S Hosta Ave,Sioux Falls, SD 57110
$7,950,000
- - Beds
- - Baths
- 59,544 sq. ft.
- Multi-family
- Active
Listed by: david shelton
Office: century 21 advantage
MLS#:22604670
Source:SD_RASE
Price summary
- Price:$7,950,000
- Price per sq. ft.:$136.82
About this home
INVESTOR OPPORTUNITY | 42 Townhome-Style Apartment Homes | SE Sioux Falls
S. Hosta Ave | Near E. 57th St & S. Sycamore Ave | Sioux Falls, SD
The Property
42 nearly new townhome-style apartment homes tucked away on S. Hosta Ave in one of Sioux Falls' most desirable southeast corridors. Each home features an attached garage, a mudroom entry, and a refreshing open-concept floor plan that today's renters are actively searching for.
Proforma NOI is $426,042.18
CAP Rate 5.36%
Inside Every Home
Main Floor
Open-concept kitchen with bar seating
Dining area & living room
Sliding doors to private patio
Mudroom off the attached garage
Upper Floor
All bedrooms upstairs
In-unit laundry center
Full bathroom
3-bedroom plans include a primary suite
Why This Asset Stands Out
? 42 doors at meaningful scale — institutional quality, attainable price point
? Diverse unit mix — 2-bed and 3-bed options broaden your renter pool and reduce concentration risk
? Attached garages on every unit — a premium amenity in this market that drives higher rents and longer tenancies
? Two-car garage units — the 9 Plan C homes command top-of-market rents and attract high-quality, long-term tenants
? In-unit laundry — the #1 amenity renters cite for lease renewals
? Nearly new construction — minimal deferred maintenance, low near-term capex, and modern finishes tenants expect
? Townhome-style design — no shared hallways, private entries, and a home-ownership feel that reduces turnover
The Sioux Falls Advantage
Sioux Falls consistently ranks among the Midwest's top rental markets — no state income tax, a diversified and growing employment base, and steady population growth all fuel durable rental demand. The southeast corridor in particular benefits from proximity to major employers, retail centers, and top-rated schools, making it one of the city's most attractive quadrants for workforce housing.
Level Up Your Income Property Portfolio.
42 doors. Nearly new. Three floor plans. Premium amenities. A location tenants want to stay in. This is the kind of well-rounded asset that anchors a portfolio and performs for decades....
Contact an agent
Home facts
- Year built:2000
- Listing ID #:22604670
- Added:2 day(s) ago
- Updated:June 27, 2026 at 06:11 PM
Rooms and interior
- Living area:59,544 sq. ft.
Structure and exterior
- Year built:2000
- Building area:59,544 sq. ft.
- Lot area:3.08 Acres
Schools
- High school:Washington HS
- Middle school:Ben REifel Middle School
- Elementary school:John Harris ES
Finances and disclosures
- Price:$7,950,000
- Price per sq. ft.:$136.82
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