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South Dakota Real Estate Q&A Discussion Forum
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Updated over 4 years ago on . Most recent reply

Jake S.'s profile image
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Jake S.
  • Rental Property Investor
  • from Minnesota
  • Member since Nov 9, 2017
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Jake S.'s profile image
Jake S.'s profile image
Jake S.
  • Rental Property Investor
  • from Minnesota
  • Member since Nov 9, 2017
Connect
Jake S.
  • Rental Property Investor
  • Minnesota
554
Votes |
863
Posts
South Dakota Real Estate Q&A Discussion Forum

Cap Rates for Multifamily in Sioux Falls SD

Jake S.
  • Rental Property Investor
  • Minnesota
Posted

Hey Guys! What are you seeing for Cap Rates in the multifamily space for B and C class buildings in the Sioux Falls South Dakota area?

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James Kats's profile image
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James Kats
  • Real Estate Agent
  • from Sioux Falls, SD
  • Member since Mar 26, 2016
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James Kats
  • Real Estate Agent
  • from Sioux Falls, SD
  • Member since Mar 26, 2016
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James Kats
  • Real Estate Agent
  • Sioux Falls, SD
60
Votes |
45
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James Kats
  • Real Estate Agent
  • Sioux Falls, SD
Replied

@Jake Stuttgen I purchased a 14 unit C class property earlier this year in Sioux Falls and the appraiser said that he was appraising these on a 7.75% Cap rate basis. He gave me a list of properties closed in the last year at that rate.

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