Listed by NAI Sioux Falls
$380,000
300 W. 22nd Street
Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 3,888
Units 4
Cap Rate 6.60%
NOI $25,079
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.60%
Class C
Year Built 1972
Lot Size (SqFt) 8,118
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.03
Investment Type Stabilized
300 W. 22nd Street, Sioux Falls, SD 57105
Marketing description
Fully leased 4-plex with four 2-bed, 1-bath units Month-to-month leases Four garage stalls Coin-operated laundry on the lower level Landlord pays water, gas, garbage, and common area electric Newer exterior paint and water heater
The property is situated in Sioux Falls' All Saints neighborhood, just south of downtown and near major area institutions including Sanford USD Medical Center, Avera McKennan Hospital, Augustana University, and the University of Sioux Falls.
Investment highlights
- Fully leased 4-plex with four 2-bed, 1-bath units
- Month-to-month leases
- Four garage stalls
- Coin-operated laundry on the lower level
- Landlord pays water, gas, garbage, and common area electric
- Occupancy: 100%
- Building Size: 3,888 SF
- Lot Size: 8,118 SF
- Newer exterior paint and water heater
Listing Contacts
Listed by NAI Sioux Falls
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,079.00
$2,089.92/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
Map
Zoning
RA-1 ResidentialMulti FamilyResidential Apartments Low Density
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View all 21 uses
View all 21 uses Last updated Apr 17, 2026 For deeper zoning details, reports are available at Zoneomics
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