510 S Menlo Ave
Sioux Falls, SD 57104
$449,000
Baths:
Number of Units:
4
Type:
Multi-Unit Residential
Listing #
22608422
Excellent opportunity for an owner-occupant looking to offset their mortgage with rental income or a real estate investor seeking to expand their portfolio! This fourplex features four spacious 2-bedroom, 1-bathroom units with several recent improvements and income-generating potential. Units 1 and 2 feature private decks accessible through sliding glass doors, providing additional outdoor living space. Units 1 and 3 have received recent updates, including fresh paint, new flooring, trim, bathroom vanities, and toilets. Additional building improvements include a new water heater and coin-operated laundry machines in the shared laundry area. The property offers a shared building entrance, convenient off-street parking, and a common laundry area that provides an additional income stream. One unit is currently vacant, creating an excellent opportunity for an owner-occupant to move in while collecting rental income from the remaining three units, or for an investor to lease the unit at market rent and maximize the property's income potential. Whether you're purchasing your first investment property, looking to house hack, or adding another multifamily asset to your growing portfolio, 510 S Menlo Avenue offers flexibility, recent improvements, and long-term investment potential.
Property Features
Inside CIty Limits:
Yes
County:
Minnehaha
MLS Area:
SF-C004
Latitude:
43.542039
Longitude:
-96.739528
Subdivision:
Folsom 2nd Addn
Directions:
12th & Menlo Ave., South to Property
Heating:
Forced Air
Cooling:
Electric
Floors:
Carpet, Vinyl
Appliances:
Dryer, Range, Refrigerator, Washer
Basement Description:
Full
Has Basement:
Yes
Total Number of Units:
4
Stories:
2
Construction:
HardiPlank Type
Foundation:
Block
Roof:
Composition
Water Source:
Public
Septic or Sewer:
Public Sewer
Security Features:
Smoke Detector(s)
Parking Description:
Paved
Lot Size in Acres:
0.134
Lot Size in Sq. Ft.:
5,857
Parcel Size Dimensions:
42.1 x 139
Zoning:
RA 1
Building Total Area (Sq. Ft.):
3,570
School District:
Sioux Falls
Elementary School:
Lowell ES
Middle School:
George McGovern MS - Sioux Falls
High School:
Thomas Jefferson High School
Possession:
Close Of Escrow
Property Type:
RI
Property SubType:
Four Plex
Property SubType 2:
Four Plex
Year Built:
1966
APN:
31539
Status:
Active
Unit Features:
Balcony Deck, Carpets, Common Utility Rm, Kitchen/Dining Rm, Window Covering
Owner Pays:
Water
Tax Amount:
$4,831
Square Feet Source:
Public Records
Days on Market:
1
Listing courtesy of Austin Luecke, Bender REALTORS 605-900-2407
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RASE data last updated at November 10, 2026, 6:04 AM CT
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