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Golden Valley 4609 E 26th St 54 Unit Apartment Building $7,400,214 CAD ($137,041 CAD/Unit) 7% Cap Rate Sioux Falls, SD 57110
Investment Highlights
- 98% occupancy, supported by Sioux Falls’ strong and growing rental market.
- Located near major retail corridors and I-229, providing optimal regional access.
- On-site laundry and well-maintained and recently renovated units.
- Built in 1993 with durable construction and low-maintenance design for strong operational efficiency.
Executive Summary
Golden Valley Apartments represents a strong multifamily investment opportunity in Sioux Falls, South Dakota, one of the Midwest’s most stable rental markets. This 54-unit property features a desirable mix of one- and two-bedroom floor plans and is situated on a 3.15-acre site with 53 private garages, offering an additional income stream and tenant convenience.
The property is 98% occupied, underscoring consistent market demand and dependable cash flow. Residents benefit from functional layouts, recently updated interiors, and on-site laundry facilities, creating a low-maintenance operational profile for ownership. With vinyl siding exteriors and durable construction, long-term upkeep remains manageable and cost-effective.
Positioned on Sioux Falls’ growing east side, the community offers excellent connectivity to key retail corridors, employment hubs, and major routes, including I-229. The area’s strong labor market, subnational unemployment rate, and demographic stability further support multifamily investment fundamentals. Priced at $5.4M with a 7.0% cap rate, Golden Valley Apartments provides investors the ability to secure an established income-generating asset with upside potential driven by rental growth and operational efficiency.
The property is 98% occupied, underscoring consistent market demand and dependable cash flow. Residents benefit from functional layouts, recently updated interiors, and on-site laundry facilities, creating a low-maintenance operational profile for ownership. With vinyl siding exteriors and durable construction, long-term upkeep remains manageable and cost-effective.
Positioned on Sioux Falls’ growing east side, the community offers excellent connectivity to key retail corridors, employment hubs, and major routes, including I-229. The area’s strong labor market, subnational unemployment rate, and demographic stability further support multifamily investment fundamentals. Priced at $5.4M with a 7.0% cap rate, Golden Valley Apartments provides investors the ability to secure an established income-generating asset with upside potential driven by rental growth and operational efficiency.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Deck
- Lawn
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 660 |
| 2+1 | 30 | - | 900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 62426 | Improvements Assessment | $5,648,784 CAD |
| Land Assessment | $606,499 CAD | Total Assessment | $6,255,283 CAD |
Property Taxes
Parcel Number
62426
Land Assessment
$606,499 CAD
Improvements Assessment
$5,648,784 CAD
Total Assessment
$6,255,283 CAD
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Presented by
Gateway Real Estate Advisors
Golden Valley | 4609 E 26th St
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