1311 N Cleveland Ave, Sioux Falls, SD 57103

Turning Leaf Apartments is a well-located, garden-style multifamily community in Sioux Falls, South Dakota, offering scale, durable cash flow, and long-term operational upside. The property consists of multiple three-story residential buildings situated on a large site within an established residential corridor, providing convenient access to employment centers, healthcare, retail, and major arterial roadways.

The community features a balanced mix of one- and two-bedroom apartments designed to serve the area’s strong workforce and mid-market renter base. Turning Leaf has historically maintained solid occupancy and benefits from consistent rental demand driven by Sioux Falls’ population growth, diverse employment base, and limited supply of affordable, well-located apartment housing.

Originally constructed in the early 1980s, the property is positioned as a value-oriented, Class C asset with stable in-place operations and meaningful long-term upside through continued management efficiencies and unit improvements. Ample surface parking and garage income provide additional operating flexibility.

Turning Leaf Apartments may be acquired individually or as part of a larger 716-unit multifamily portfolio, offering investors the opportunity to purchase a standalone asset or achieve immediate scale within one of the Midwest’s most resilient rental markets.