
Hidden Hills
Multifamily | 179 Units | $157,542/unit
Marketing description
Hidden Hills Apartments is a modern, Class B, garden-style multifamily community located at 950, 960, and 970 N Cliff Avenue in Sioux Falls, South Dakota. The property consists of 179 one-, two-, and three-bedroom units across three three-story residential buildings, situated on approximately 11.26 acres. Originally developed in 2016, Hidden Hills offers contemporary construction, efficient layouts, and strong appeal to Sioux Falls’ growing renter base.
The community features well-designed units with modern finishes and is supported by a combination of surface parking and detached garages, providing additional income and convenience for residents. Hidden Hills benefits from its proximity to major employment centers, retail, healthcare, and recreational amenities, while still offering a quiet, residential setting.
As of December 1, 2025, the property is 91.6% occupied and operates with strong in-place cash flow. With newer construction, a favorable expense profile, and zoning that supports continued multifamily use, Hidden Hills is positioned as a durable long-term hold or core-plus investment in one of the Midwest’s strongest rental markets.
Hidden Hills may be acquired individually or as part of a larger 716-unit multifamily portfolio, providing flexibility for both standalone investors and groups seeking immediate scale in Sioux Falls.
Investment highlights
179-unit Class B, garden-style apartment community
Built in 2016 with modern construction and efficient layouts
Three three-story residential buildings on 11.26 acres
160,073 SF of net rentable area
91.6% occupied as of December 1, 2025
Strong in-place NOI of approximately $1.68M
Favorable operating expense profile for newer construction
Surface parking and detached garages providing supplemental income
Zoned RA-3 / REC
Offered individually or as part of a 716-unit multifamily portfolio
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