4300 - 4308 E 18th St
Sioux Falls, SD 57103
$5,500,000
Number of Units:
Type: Multi-Unit Residential
Listing # 22502426
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.
Property Features
County: Minnehaha
MLS Area: SF-E006
Latitude: 43.5370399916992
Longitude: -96.6730328212738
Subdivision: Temporary Check Back
Directions: 18th & Sycamore, W to property.
Heating: Baseboard
Cooling: Other
Floors: Carpet, Laminate
Appliances: Dishwasher, Oven/Range, Refrigerator
Basement Description: Full
Stories: 3
Exterior: Hard Board, Part Brick
Roof: Shingle Composition
Possession: Negotiable
Septic or Sewer: City Sewer
Water: City Water
Utility Included in Rent: Lawn Service, Snow Removal
Parking Description: Garage Detached
Lot Size in Acres: 2.916
Lot Size in Sq. Ft.: 127,021
Zoning: RA 1
School District: Sioux Falls
Elementary School: Cleveland ES
Middle School: Ben REifel Middle School
High School: Washington HS
Property Type: RI
Property SubType: Other
Type Tenancy: Month to month, One Year Lease
Year Built: 1989
APN: 054059
Status: Active
Unit Features: Carpets, Window Covering, Living/Dining Rm, All Units
Square Feet Source: Tax Data
Listing courtesy of Brad Stearns, 605 Real Estate LLC 605-759-4294

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RASE data last updated at April 29, 2025, 6:03 AM CT
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