Woodstone
Multifamily | 30 Units | $116,667/unit
Marketing description
Woodstone Apartments is a 30-unit, Class B, garden-style multifamily property located in a well-established, centrally positioned neighborhood of Sioux Falls, South Dakota. The three-story asset is situated on approximately 1.47 acres and features a desirable unit mix of one- and two-bedroom apartments, with an average unit size of roughly 900 square feet.
The property is currently 100% occupied, offering investors immediate, stabilized cash flow in one of the Midwest’s strongest and most resilient rental markets. Woodstone benefits from strong surrounding employment drivers, proximity to healthcare, retail, parks, and major arterial roadways, and consistent long-term rental demand supported by Sioux Falls’ continued population and job growth.
Constructed in 1984, the property is well-maintained and positioned as a durable workforce housing asset with limited deferred maintenance and attractive in-place operations. Parking is ample with a combination of surface and garage spaces, and zoning supports continued multifamily use without restriction.
Woodstone Apartments may be acquired individually or as part of a larger, institutional-scale 716-unit multifamily portfolio, providing flexibility for both standalone investors and groups seeking immediate scale within the Sioux Falls market.
Investment highlights
30-unit Class B, garden-style multifamily asset
Three-story building situated on 1.47 acres
100% occupied with stabilized in-place cash flow
In-place NOI of approximately $214,000 annually
Central Sioux Falls location near healthcare, employment, retail, and parks
Durable workforce housing with limited deferred maintenance
Offered individually or as part of a larger 716-unit multifamily portfolio
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