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.
| Elementary School |
John Harris ES |
| Jr. High School |
Ben REifel Middle School |
| High School |
Washington HS |
| AIR |
Electric |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer, Water Heater |
| AREA |
SF-SE09 |
| BASEMENT |
None |
| CONSTRUCTION |
HardiPlank Type |
| HEAT |
Forced Air, Natural Gas |
| LOT |
3.0815 acre(s) |
| LOT DIMENSIONS |
irreg |
| PARKING |
Attached |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALLS |
| WATER |
Public |
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Listed with CENTURY 21 Advantage
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Dynamic Realty are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.
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