4300 - 4308 E 18th St new Save Request In-Person Tour Request Virtual Tour
Sioux Falls,SD 57103
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 54,432 sqft
Price per Sqft $101
Subdivision Temporary Check Back
MLS Listing ID 22502426
Year Built 1989
Lot Size 2.916 Acres
Property Sub-Type Other
Property Description
Parkside Apartments is a 54-unit multifamily opportunity located in a solid East Sioux Falls neighborhood, directly across from Frank Olson Park. Built in 1989, the property includes three identical 18-unit buildings situated on a well-positioned 2.92-acre lot. The asset features approximately 54,432 square feet of rentable space across a mix of one-, two-, and three-bedroom units—designed to support long-term rental demand and consistent occupancy. Each unit offers a functional and spacious layout ranging from 576 to 990 square feet. Community amenities include on-site laundry, 54 garage stalls, and 69 off-street surface parking spaces—providing residents with an average of 1.3 spaces per unit. Located near a dedicated pet park and just minutes from I-229, Parkside offers convenient access to schools, grocery stores, parks, and major employers. With solid construction and well-maintained infrastructure, Parkside offers a clear opportunity to exceed current performance through thoughtful cosmetic upgrades and ongoing hands-on ownership. In a market defined by limited Class B/C supply and strong demand for mid-market rentals, Parkside presents a well-located, income-producing asset with upside in both cash flow and long-term value.
Location
State SD
County Minnehaha
Area Sf-E006
Interior
Heating Baseboard
Cooling Other
Exterior
Exterior Feature Part Brick,Hard Board
Roof Type Shingle Composition
Building
Story 3
Water City Water
Schools
Elementary Schools Cleveland Es
Middle Schools Ben Reifel Middle School
High Schools Washington Hs
School District Sioux Falls
Others
Virtual Tour https://mls.ricoh360.com/88224c18-c302-4839-a161-6922d8acd58f