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Tyler Goff

REALTOR® - TEAM LEADER | Tyler Goff Group | Hegg, REALTORS Inc.

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605 S Spring Ave , Sioux Falls, SD 57104
$232,000
Est. Payment: $1,297.74/mo
2 Bed
1 Bath
1836 Sqft
0.13 Acres
Status: active | Days on site: 1
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Tyler Goff
REALTOR® - TEAM LEADER

House Description

Investment opportunity near downtown Sioux Falls! This updated triplex offers great cash-flow potential with three separate units and several recent improvements. Unit 1 features a 1-bedroom, 1-bath studio-style layout. Unit 2 offers 1 bedroom and 1 bath and was recently refreshed with all-new flooring and additional updates. Unit 3 is the largest of the three, featuring 2 bedrooms and 1 bath. All three units have been updated, making this property an attractive addition to an investment portfolio. Each unit has its own separate electric meter and supplemental heat, while a brand-new furnace located in the basement provides additional heat throughout the property. A new roof was installed in 2023, providing another important recent improvement. Tenants will appreciate the off-street parking located at the rear of the property. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, entertainment, employment and other amenities. Whether you're looking to expand an existing rental portfolio or enter the investment property market, this triplex offers three income-producing units in one convenient location.

Highlights

Listed by Callie Wockenfuss , 605-864-0355 Real Estate Retrievers of Sioux Falls , 605-864-0355. REALTOR® Association of the Sioux Empire, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1890

County

Minnehaha

Neighborhood

Grigsby Addn

School District

Sioux Falls

Listing ID

22607506

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:1
Appliances:Refrigerator, Range
Air Cond:Window Unit(s)
Fireplaces:
Floor:Carpet,Vinyl
Basement:Full
Water:Public

Exterior Features

Lot Dimensions:115x48
Zoning:Not Verified
Roof:Composition
Sewer:Public Sewer
Parking Features:Detached
Principal Interest
$1,298
Taxes
$202

Home Price

$232,000

Loan Details

30 yrs
7.5%

Down Payment

20%
$46,400
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,297.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,297.74 $201.51 $0.00 $1,499.26
Yearly $15,572.91 $2,418.16 $0.00 $17,991.07
Total $467,187.17 $72,544.80 $0.00 $539,731.97

Today's Rates

30 Year

7.5%

20 Year

6.56%

15 Year

6.88%

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Market insight data is pulled from the same city as the listing being viewed (Sioux Falls, SD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR® Association of the Sioux Empire, Inc., and is deemed reliable but not guaranteed accurate. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

IDX service by Blueroof 360

Data last updated: 2026-10-09T01:59:50.000Z

© 2026 REALTOR® Association of the Sioux Empire, Inc.

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