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1902 S Spring Ave, Sioux Falls, SD 57105

Sioux Falls
Local realty services provided by:CENTURY 21 Advantage
1902 S Spring Ave,Sioux Falls, SD 57105
$180,000
  • 4 Beds
  • 1 Baths
  • 1,205 sq. ft.
  • Single family
  • Active
Listed by: david maskeOFFICE: 605-336-2100
Office: hegg, realtors
MLS#:22606215
Source:SD_RASE

Price summary

  • Price:$180,000
  • Price per sq. ft.:$149.38

About this home

INVESTMENT OPPORTUNITY This updated 1.5-story home offers 4 bedrooms, 1 bath, and a great central location near Augustana University, the University of Sioux Falls, Sanford Hospital, and Avera McKennan Hospital. Creating a strong rental demand. For investors, the numbers are worth a look. Fair Market Rent (FMR) for a 4-bedroom property in the 57105 ZIP code is approximately $1,730/month/ With limited operating expenses beyond property taxes and insurance, this property has the potential to perform near a 10% cap rate depending on actual rents, vacancy, maintenance and other ownership expenses. Whether you're looking to add another rental to your portfolio or make your first investment purchase, this property offers an attractive combination of price point, bedroom count, location, and income potential.

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Home facts

  • Year built:1909
  • Subdivision & Development:University Addn
  • Listing ID #:22606215
  • Added:52 day(s) ago
  • Updated:October 05, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:7
  • Living area:1,205 sq. ft.

Structure and exterior

  • Year built:1909
  • Building area:1,205 sq. ft.
  • Lot area:0.1 Acres

Schools

  • High school:Roosevelt HS
  • Middle school:Edison MS
  • Elementary school:Laura Wilder ES

Finances and disclosures

  • Price:$180,000
  • Price per sq. ft.:$149.38
  • Tax amount:$2,750
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