$275,000

1305 S Spring Ave Avenue, Sioux Falls, SD 57104

  • 2,615 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1904
  • Property Lot Size Icon3,441sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $105/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Rare triplex in one of Sioux Falls' most sought-after corridors for rental property — walking distance to both hospitals, major colleges, and downtown. One 3BD/1BA and two 2BD/1BA units, all updated in recent years with new water heater (2021), coin-op washer/dryer (2021), insulated rear entrance, and ongoing unit improvements throughout. The house hack opportunity here is straightforward: occupy the basement unit, collect rent from the other two, and dramatically reduce your cost of living while building equity in a location landlords don't let go of often. Self-manage, handle your own lawn and snow, and pocket the management fees — or hold it as a pure investment and let the numbers work for you. Current rents have room to grow as leases turn over. Owner covers gas, water/sewer, and trash with a RUBS billback in place. Coin-op laundry adds supplemental income. Seller is offering a credit toward minor exterior repairs — easy cosmetic upside that goes a long way on curb appeal in a neighborhood this strong. Don't overlook this one.

Listing Status:
Active
Data Last Updated:
April 4, 2026 at 7:57AM
Listing Office:
605 Real Estate LLC : 605-759-4294
Listing Agent:
Blake C Bohner : 605-251-7944
MLS ID:
22602266
  • Appliances: RefrigeratorRangeWasherDryer
  • Basement: Full
  • Flooring: CarpetLaminate
  • A/C: Window Unit(s)
  • Heating: Natural Gas
  • Parking: None
  • Roofing: Composition
  • General: Vinyl SidingBlock
  • Originating MLS: REALTOR Association of the Sioux Empire
  • School District: Sioux Falls
  • County: Minnehaha
  • Zoning: S 54' E 88' NE1/4 (EX S 4.55' E 42.25' & W 43.90' E 86.15' S 13.80') Block 31 PARK ADDN TO CITY OF S41588
  • Water: Public
  • Sewer: Public Sewer
  • Source: REALTOR Association of the Sioux Empire

This listing courtesy of Blake C Bohner , 605 Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lowell Elementary School

710 W 18th St, Sioux Falls, SD, 57104

Grades KG-5

0.29 miles away

E

Edison Middle School

2101 S West Ave, Sioux Falls, SD, 57105

Grades 6-8

0.87 miles away

S

Success Academy - 39

201 N West Ave, Sioux Falls, SD, 57104

Grades 6-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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