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For sale
  • $275,000

    1305 S Spring Ave, Sioux Falls, SD 57105

    --beds
    --baths
    2,300sqft
    : 
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    Multi Family
    Built in 1904
    -- sqft lot
    $-- Zestimate®
    $120/sqft
    $-- HOA

    What's special

    Insulated rear entrance
    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.
    22 days
    |
    302
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Blake C Bohner,

    605 Real Estate LLC,

    Ryan R Olson,

    605 Real Estate LLC

    Source: Realtor Association of the Sioux Empire,MLS#: 22604105MLS Logo

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      Facts & features

      Interior

      Heating
      • Natural Gas
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Refrigerator, Range, Washer, Dryer
      Features
      • Flooring: Carpet, Laminate
      • Basement: Full
      Interior area
      • Total structure area: 2,615
      • Total interior livable area: 2,300 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Stories: 3
      • Entry location: Community
      Lot
      • Size: 3,441 Square Feet
      Details
      • Parcel number: 41588

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Block
      • Roof: Composition
      Condition
      • Year built: 1904

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Gated with Guard, Smoke Detector(s)
      • Subdivision: Park Addition
      Location
      • Region: Sioux Falls

      Financial & listing details

      • Price per square foot: $120/sqft
      • Tax assessed value: $154,200
      • Annual tax amount: $2,468
      • Date on market: 6/5/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/5/2026Listed for sale$275,000$120/sqft
        Source: Realtor Association of the Sioux Empire #22604105 Report a problem
        6/5/2026Listing removed$275,000$120/sqft
        Source: Realtor Association of the Sioux Empire #22602266 Report a problem
        4/2/2026Listed for sale$275,000-4.3%$120/sqft
        Source: Realtor Association of the Sioux Empire #22602266 Report a problem
        11/12/2025Listing removed$287,500+15%$125/sqft
        Source: Realtor Association of the Sioux Empire #22306028 Report a problem
        8/24/2024Listing removed--
        Source: Realtor Association of the Sioux Empire #22306028 Report a problem
        5/31/2024Listed for sale$250,000-13%$109/sqft
        Source: Realtor Association of the Sioux Empire #22403879 Report a problem
        5/5/2024Listing removed$287,500$125/sqft
        Source: Realtor Association of the Sioux Empire #22306028 Report a problem
        9/13/2023Listed for sale$287,500+79.4%$125/sqft
        Source: Realtor Association of the Sioux Empire #22306028 Report a problem
        3/4/2020Sold$160,250+3.4%$70/sqft
        Source: Realtor Association of the Sioux Empire #21908101 Report a problem
        1/21/2020Price change$155,000-6.3%$67/sqft
        Source: Applause Real Estate #21908101 Report a problem
        12/21/2019Listed for sale$165,500+66%$72/sqft
        Source: Applause Real Estate #21908101 Report a problem
        10/10/2013Listing removed$99,700$43/sqft
        Source: Hegg, REALTORS Inc. #21304357 Report a problem
        7/11/2013Listed for sale$99,700-12.9%$43/sqft
        Source: Hegg, REALTORS Inc. #21304357 Report a problem
        2/2/2011Listing removed$114,500$50/sqft
        Source: The Tony Ratchford Group #20806725 Report a problem
        1/8/2011Listed for sale$114,500$50/sqft
        Source: The Tony Ratchford Group #20806725 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,468 -9.6%$154,200 -8.3%
        2024$2,730 +5.8%$168,100 +16.1%
        2023$2,579 -21.4%$144,800 -17.7%
        2022$3,282 +15.3%$176,000 +18.5%
        2021$2,846 +66%$148,500 +18.1%
        2020$1,715 +9.9%$125,700 +53.1%
        2018$1,560 -5.9%$82,094 +7.1%
        2017$1,658 +6.3%$76,675 +1%
        2016$1,560 -0.6%$75,938 +4.9%
        2015$1,570 -0.7%$72,394
        2014$1,580 +6.2%$72,394 +1.4%
        2013$1,488 $71,384
        2012$1,488 $71,384
        2011-- $71,384 +1.4%
        2010-- $70,413
        2009$1,391 $70,413
        2008-- $70,413 +6.8%
        2007-- $65,931

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          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: Augustana

          Getting around

          23 / 100
          Minimal Transit

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Lowell ES
          • Middle: Edison MS
          • High: Lincoln HS
          • District: Sioux Falls

          Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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