Turnkey Triplex Investment Opportunity – Strong Cash Flow & Proven Rental History
Don’t miss this exceptional opportunity to own a well-performing triplex with consistent income and long-term stability.
This property generates $3,200/month in rental income and has maintained a 100% occupancy rate since 2020, making it a reliable addition to any investor’s portfolio.
The building features three separate units, including:
One spacious 3-bedroom, 1.5-bath unit with an attached garage
Two well-sized 2-bedroom, 1 bath units
Each unit is equipped with separate utilities, minimizing owner expenses and maximizing net returns.
The property has a strong rental history with long-term tenants, reflecting both tenant satisfaction and solid management.
With its steady cash flow, low vacancy history, and practical unit mix, this property is ideal for both seasoned investors and those looking to get started in real estate investing.
Highlights:
$3,200/month gross rental income
100% occupancy since 2020
Separate utilities for each unit
Long-term tenant base
Desirable unit mix with garage for added value
Add this income-producing property to your portfolio and start earning from day one!
For sale by owner
$394,900
1008 4th St, Garretson, SD 57030
7beds
4,500sqft
MultiFamily
Built in 1973
-- sqft lot
$393,000 Zestimate®
$88/sqft
$-- HOA
What's special
Attached garage
- 1 day |
- 67 |
- 1 |
Listed by:
Property Owner (605) 940-9525
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric
Cooling
- None
Features
- Basement: Finished
Interior area
- Total interior livable area: 4,500 sqft
Property
Parking
- Parking features: Garage - Attached, Garage - Detached
Features
- Exterior features: Other
Lot
- Size: 0.35 Acres
Details
- Parcel number: 23331
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Concrete Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1973
Community & HOA
Location
- Region: Garretson
Financial & listing details
- Price per square foot: $88/sqft
- Tax assessed value: $206,300
- Annual tax amount: $3,686
- Date on market: 6/11/2026
Estimated market value
$393,000
$354,000 - $432,000
$1,065/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Listed for sale | $394,900+64.5%$88/sqft |
Source: Owner Report a problem | ||
| 2/4/2025 | Sold | $240,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,686 +7.4% | $206,300 +8.3% |
| 2024 | $3,433 -10.4% | $190,500 -3.7% |
| 2023 | $3,831 +5% | $197,800 -3.1% |
| 2022 | $3,648 +7.7% | $204,200 +12.3% |
| 2021 | $3,386 -20% | $181,800 -3.5% |
| 2020 | $4,232 -10.3% | $188,400 -3.5% |
| 2018 | $4,720 +1.2% | $195,230 |
| 2017 | $4,665 -1.2% | $195,230 +8.9% |
| 2016 | $4,720 +18.7% | $179,313 |
| 2015 | $3,977 -1.6% | $179,313 |
| 2014 | $4,040 +1.6% | $179,313 -2.1% |
| 2013 | $3,978 | $183,191 |
| 2012 | $3,978 | $183,191 +0% |
| 2011 | -- | $183,190 |
| 2010 | -- | $183,190 +22.2% |
| 2009 | $3,082 | $149,854 |
| 2008 | -- | $149,854 +7.5% |
| 2007 | -- | $139,382 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 57030
Nearby schools
GreatSchools rating
- 5/10Garretson Elementary - 02Grades: PK-5Distance: 0.5 mi
- 8/10Garretson Middle School - 03Grades: 6-8Distance: 0.5 mi
- 4/10Garretson High School - 01Grades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- South Dakota
- Minnehaha County
- Garretson
- 57030
- 1008 4th St






