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.
For sale
$275,000
1305 S Spring Ave, Sioux Falls, SD 57105
--beds
--baths
2,300sqft
Multi Family
Built in 1904
-- sqft lot
$-- Zestimate®
$120/sqft
$-- HOA
What's special
Insulated rear entrance
- 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#: 22604105
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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
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $275,000$120/sqft |
Source: | ||
| 6/5/2026 | Listing removed | $275,000$120/sqft |
Source: | ||
| 4/2/2026 | Listed for sale | $275,000-4.3%$120/sqft |
Source: | ||
| 11/12/2025 | Listing removed | $287,500+15%$125/sqft |
Source: | ||
| 8/24/2024 | Listing removed | -- |
Source: | ||
| 5/31/2024 | Listed for sale | $250,000-13%$109/sqft |
Source: | ||
| 5/5/2024 | Listing removed | $287,500$125/sqft |
Source: | ||
| 9/13/2023 | Listed for sale | $287,500+79.4%$125/sqft |
Source: | ||
| 3/4/2020 | Sold | $160,250+3.4%$70/sqft |
Source: | ||
| 1/21/2020 | Price change | $155,000-6.3%$67/sqft |
Source: Applause Real Estate #21908101 Report a problem | ||
| 12/21/2019 | Listed for sale | $165,500+66%$72/sqft |
Source: Applause Real Estate #21908101 Report a problem | ||
| 10/10/2013 | Listing removed | $99,700$43/sqft |
Source: Hegg, REALTORS Inc. #21304357 Report a problem | ||
| 7/11/2013 | Listed for sale | $99,700-12.9%$43/sqft |
Source: Hegg, REALTORS Inc. #21304357 Report a problem | ||
| 2/2/2011 | Listing removed | $114,500$50/sqft |
Source: The Tony Ratchford Group #20806725 Report a problem | ||
| 1/8/2011 | Listed for sale | $114,500$50/sqft |
Source: The Tony Ratchford Group #20806725 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $65,931 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Augustana
Getting around
23 / 100
Minimal TransitNearby schools
GreatSchools rating
- 3/10Lowell Elementary - 28Grades: PK-5Distance: 0.3 mi
- 6/10Edison Middle School - 06Grades: 6-8Distance: 0.9 mi
- 5/10Roosevelt High School - 03Grades: 9-12Distance: 3.9 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- South Dakota
- Minnehaha County
- Sioux Falls
- 57105
- Augustana
- 1305 S Spring Ave









