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4802 S Hosta Avenue

Sioux Falls, SD 57110
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$7,950,000 $33,517/Mo
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Bed --

Bed

Bath 0

Bath

SqFt59,544

Sqft

Acres3.08

Acres(Lot)

INVESTOR OPPORTUNITY | 42 Townhome-Style Apartment Homes | SE Sioux Falls S. Hosta Ave | Near E. 57th St & S. Sycamore Ave | Sioux Falls, SD The Property 42 nearly new townhome-style apartment homes tucked away on S. Hosta Ave in one of Sioux Falls' most desirable southeast corridors. Each home features an attached garage, a mudroom entry, and a refreshing open-concept floor plan that today's renters are actively searching for. Proforma NOI is $426,042.18 CAP Rate 5.36% Inside Every Home Main Floor Open-concept kitchen with bar seating Dining area & living room Sliding doors to private patio Mudroom off the attached garage Upper Floor All bedrooms upstairs In-unit laundry center Full bathroom 3-bedroom plans include a primary suite Why This Asset Stands Out ? 42 doors at meaningful s cale — institutional quality, attainable price point ? Diverse unit mix — 2-bed and 3-bed options broaden your renter pool and reduce concentration risk ? Attached garages on every unit — a premium amenity in this market that drives higher rents and longer tenancies ? Two-car garage units — the 9 Plan C homes command top-of-market rents and attract high-quality, long-term tenants ? In-unit laundry — the #1 amenity renters cite for lease renewals ? Nearly new construction — minimal deferred maintenance, low near-term capex, and modern finishes tenants expect ? Townhome-style design — no shared hallways, private entries, and a home-ownership feel that reduces turnover The Sioux Falls Advantage Sioux Falls consistently ranks among the Midwest's top rental markets — no state income tax, a diversified and growing employment base, and steady population growth all fuel durable rental demand. The southeast corridor in particular benefits from proximity to major employers, retail centers, and top-rated schools, making it one of the city's most attractive quadrants for workforce housing. Level Up Your Income Property Portfolio. 42 doors. Nearly new. Three floor plans. Premium amenities. A location tenants want to stay in. This is the kind of well-rounded asset that anchors a portfolio and performs for decades.

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Detail Ic Property Details

Property Type : Residential Income

Price : $7,950,000

AD Id : 86132120

MLS Id : 22604670

Lot Size : 3.08 Acres

Living Area Size : 59,544

Year Built : 2000

County : Minnehaha

Subdivision: Virginia Highland

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Feature Features

  • Room Information

    Basement: None

  • Flooring Information

    Carpet, Vinyl

  • Roofing Information

    Composition

  • Interior Features

    Roof: Composition Appliances: Refrigerator, Range, Dishwasher, Disposal, Washer, Dryer, Water Heater Laundry Features: Washer Hookup Window Features: Window Coverings

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Electric

  • Building Information

    Year Built: 2000 Building Area Total: 58107 Construction Materials: HardiPlank Type Stories: 2 Patio And Porch Features: Patio Private Pool: No

  • Lot Information

    Lot Dimensions: irreg Lot Size Acres: 3.0815 Lot Size Square Feet: 134231

    Property Information

    Subdivision: BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALLS Source Property Type: Residential Income MLS Area Minor: SF-SE09 Property SubType: Multi Family Property Age: 26

  • Listing Price Information

    Listing Price: $7950000

  • Tax Information

    Parcel Number: 93024, 25, 26 Tax Legal Desc: LOT 2A, 2B, 2C BLOCK 3 BROOKS CROSSING ADDITION TO THE CITY OF SIOUX FALLS

  • Parking Information

    Attached

  • School Information

    Elementary School: John Harris ES
    Junior High School: Ben REifel Middle School
    Senior High School: Washington HS

  • Location Information

    Direction: S from E 57th & Sycamore go N to E 54th St, S on S Hosta Ave, property on the east side of the road WaterSource: Public Security Features: Smoke Detector(s), Fire Alarm, Firewall(s), Fire Sprinkler System
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Address Estimate Bed Bath Sq. Ft Lot Size
1107 S Foss Avenue, Sioux Falls, SD, 57110 $980,000 8 -- 5,220 5,220 SqFt
1113 S Foss Avenue, Sioux Falls, SD, 57110 $1,030,000 8 -- 5,592 5,592 SqFt

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

ByOwner last updated this listing 06/26/2026 @ 05:24

MLS: 22604670 LISTED BY: David Shelton, CENTURY 21 Advantage 605-336-2121 SOURCE: REALTOR Association of the Sioux Empire

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