www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32468415
32468416

809 South Sherman Avenue, Sioux Falls, SD 57104 For Sale

AS
SD SD 18022
Bender Commercial
NG
SD 12071
Bender Commercial
Listed by Bender Commercial
$910,000
68 days on market
Updated 67 days ago
Opportunity zone

Sherman Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,602
Units 14
Year Built 1977
Buildings 1
Lot Size (SqFt) 29,040

Project-based Section 8 Property | Sioux Falls, SD

Marketing description

Project-based Section 8 apartments with a HUD contract in place through April 2030.

Located just east of downtown Sioux Falls near the intersection of 14th and Cliff and Avera’s campus.

Fantastic asset for an investor looking to build an affordable multifamily portfolio.

Upside available after contract expiration.

Contact agent for showing instructions and additional historical financial information.

Listing Contacts

AS
SD SD 18022
Bender Commercial
NG
SD 12071
Bender Commercial
Listed by Bender Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Alex Soundy
License
SD 18022
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591