Homes for sale - 4300 - 4308 E 18th St, Sioux Falls, SD 57103

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Shelley Glaser

shelley@shelleyglaser.com +1(605) 906-0028

$5,500,000

Est. payment - /mo

54,432 SqFt

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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

Acres 2.916

Lot Dimensions 450 x 283

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

Rooms

Basement Full

Interior

Heating Baseboard

Cooling Other

Appliance Refrigerator, Oven/Range, Dishwasher

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

Security Features Security Lighting,Smoke Detector,Sprinkler System

Virtual Tour https://mls.ricoh360.com/88224c18-c302-4839-a161-6922d8acd58f

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Listed by 605 Real Estate LLC • Brad B Stearns

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Shelley Glaser

+1(605) 906-0028

Broker Associate | License ID: 15980

Broker Associate License ID: 15980

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4300 - 4308 E 18th St Sioux Falls, SD 57103

Shelley Glaser

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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