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$4,600,000
Est. payment /mo
54,636 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 54,636 sqft
Price per Sqft $84
Subdivision Savage Tracts
MLS Listing ID 22502479
Year Built 1993
Lot Size 2.754 Acres
Acres 2.754
Lot Dimensions Irregular
Property Sub-Type Other
Property Description
North Cleveland Apartments is a 48-unit multifamily opportunity located in a desirable Northeast Sioux Falls neighborhood, at 901 and 909 N Cleveland Ave. Built in 1993, the property includes two well-constructed buildings situated on two separately parceled 1.38-acre lots. The asset features approximately 48,000 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 635 to 1,043 square feet. Community amenities include 24 detached garage stalls and ample off-street surface parking—providing residents with an average of over 1.8 parking space per unit. Located near scenic creek views and just minutes from I-229, North Cleveland offers convenient access to schools like Anne Sullivan Elementary, shopping at Dawley Farm Village, parks such as Kenny Anderson Park, and major employers. With solid construction and a well-maintained infrastructure, North Cleveland stands as a reliable performer in a market defined by limited Class B/C supply and strong demand for mid-market rentals. This well-located, income-producing asset presents an excellent opportunity for steady cash flow and long-term value in Sioux Falls' thriving rental landscape.
Location
State SD
County Minnehaha
Area Sf-E001
Rooms
Basement Full
Interior
Cooling Window Unit
Appliance Refrigerator, Dishwasher
Exterior
Exterior Feature Part Brick, Metal/Vinyl
Roof Type Shingle Composition
Building
Story 3
Foundation Poured
Water City Water
Schools
Elementary Schools Cleveland Es
Middle Schools Whittier Ms
High Schools Washington Hs
School District Sioux Falls
Others
Security Features Smoke Detector
Virtual Tour https://mls.ricoh360.com/075134a8-711f-4b86-8dcd-476910320e7b
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Listed by 605 Real Estate LLC • Brad B Stearns