1305 S Spring Ave, Sioux Falls, SD 57104
Local realty services provided by:CENTURY 21 ProLink
1305 S Spring Ave,Sioux Falls, SD 57104
$275,000
- - Beds
- - Baths
- 2,300 sq. ft.
- Multi-family
- Active
Listed by: blake bohner
Office: 605 real estate llc.
MLS#:22602266
Source:SD_RASE
Price summary
- Price:$275,000
- Price per sq. ft.:$105.16
About this home
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....
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Home facts
- Year built:1904
- Listing ID #:22602266
- Added:61 day(s) ago
- Updated:June 03, 2026 at 02:29 PM
Rooms and interior
- Living area:2,300 sq. ft.
Structure and exterior
- Year built:1904
- Building area:2,300 sq. ft.
- Lot area:0.08 Acres
Schools
- High school:Lincoln HS
- Middle school:Edison MS
- Elementary school:Lowell ES
Finances and disclosures
- Price:$275,000
- Price per sq. ft.:$105.16
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