The Sioux Falls Portfolio 

About The Sioux Falls Portfolio

Sioux Falls Multifamily Portfolio – 166 Units Across 9 Properties

The Sioux Falls Portfolio presents a rare opportunity to acquire 166 units across nine stabilized workforce housing assets strategically located in one of the Midwest’s fastest-growing rental markets. Spanning 159,930 square feet across 416,201 square feet of land, the portfolio includes properties built between 1972 and 1997 and is currently 97.6% occupied, generating an impressive $1,040,493 in annual NOI.

Featured in this offering are the Marion, Sherman, and Conklin Apartments—each well-situated garden-style communities with strong occupancy, diverse unit mixes, and clear upside potential through rent growth and targeted improvements. Unit layouts range from efficient studios to spacious two-bedroom floor plans, appealing to a wide cross-section of tenants and ensuring stable demand.

Flexible acquisition options allow investors to purchase the portfolio in its entirety for immediate scale or acquire individual properties to suit specific strategies.

Sioux Falls combines strong fundamentals with affordability, boasting 2.05% annual population growth (nearly triple the national average), 1.7% unemployment, and median incomes growing at 4.2% annually. Market rents average $1,120/month, nearly 40% below the U.S. average, offering significant room for rent appreciation. Limited new supply, strong absorption, and a landlord-friendly environment further enhance long-term value potential.

Whether acquired in whole or individually, these properties offer stable income, proven occupancy, and value-add potential in a market positioned for sustained rental growth and appreciation.