1305 S Spring Ave Avenue
Sioux Falls, SD 57104
$275,000
Baths:
Number of Units: 3
Type: Multi-Unit Residential
Listing # 22602266
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.
Property Features
Inside CIty Limits: Yes
County: Minnehaha
MLS Area: SF-C009
Cross Street: W 22nd
Latitude: 43.53361112
Longitude: -96.7328461
Subdivision: Park Addition
Directions: From 22nd and Minnesota, head west one block to Spring, then north one-half block.
Heating: Natural Gas
Cooling: Window Unit(s)
Floors: Carpet, Laminate
Appliances: Dryer, Range, Refrigerator, Washer
Basement Description: Full
Has Basement: Yes
Total Number of Units: 3
Stories: 3
Construction: Vinyl Siding
Foundation: Block
Roof: Composition
Water Source: Public
Septic or Sewer: Public Sewer
Security Features: Gated with Guard, Smoke Detector(s)
Parking Description: None
Lot Size in Acres: 0.079
Lot Size in Sq. Ft.: 3,441
Parcel Size Dimensions: Unknown
Building Total Area (Sq. Ft.): 2,615
School District: Sioux Falls
Elementary School: Lowell ES
Middle School: Edison MS
High School: Lincoln HS
Possession: Immediate
Property Type: RI
Property SubType: Triplex
Property SubType 2: Triplex
Year Built: 1904
APN: 41588
Status: Active - Active
Unit Features: Carpets, Formal Living Room, Kitchen/Dining Rm, Window Covering
Owner Pays: Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
Square Feet Source: Owner
Days on Market: 1
Listing courtesy of Blake Bohner, 605 Real Estate LLC
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RASE data last updated at April 3, 2026, 11:20 AM CT
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