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.
Active
$4,600,000
901-909 N Cleveland Ave #776F18CCB, Sioux Falls, SD 57103
--beds
0baths
54,636sqft
Est.:
Multi Family
Built in 1993
-- sqft lot
$-- Zestimate®
$84/sqft
$-- HOA
What's special
Functional and spacious layout
- 18 days
- on Zillow |
- 296 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 12, 2025 at 01:45pm
Listed by:
Brad Stearns,
605 Real Estate LLC,
Ryan Olson,
605 Real Estate LLC
Source: Realtor Association of the Sioux Empire,MLS#: 22502479

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Dishwasher
Features
- Flooring: Carpet, Vinyl, Carpets
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 54,636
- Total interior livable area: 54,636 sqft
Video & virtual tour
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Stories: 3
- Entry location: Community
Lot
- Size: 2.75 Acres
Details
- Parcel number: 061072
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Part Brick, Metal/Vinyl
- Foundation: Concrete Perimeter
- Roof: Shingle Composition
Condition
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Savage Tracts
Location
- Region: Sioux Falls
Financial & listing details
- Price per square foot: $84/sqft
- Price range: $4.6M - $4.6M
- Date on market: 4/8/2025
- Lease term: Negotiable
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