INVESTMENT OPPORTUNITY This updated 1.5-story home offers 4 bedrooms, 1 bath, and a great central location near Augustana University, the University of Sioux Falls, Sanford Hospital, and Avera McKennan Hospital. Creating a strong rental demand.
For investors, the numbers are worth a look. Fair Market Rent (FMR) for a 4-bedroom property in the 57105 ZIP code is approximately $1,730/month/ With limited operating expenses beyond property taxes and insurance, this property has the potential to perform near a 10% cap rate depending on actual rents, vacancy, maintenance and other ownership expenses.
Whether you're looking to add another rental to your portfolio or make your first investment purchase, this property offers an attractive combination of price point, bedroom count, location, and income potential.
For sale
$180,000
1902 S Spring Ave, Sioux Falls, SD 57105
4beds
1,205sqft
Single Family Residence
Built in 1909
4,321 Square Feet Lot
$-- Zestimate®
$149/sqft
$-- HOA
What's special
- 47 days
- 682
- 56
Zillow last checked:
Listing updated:
Listed by:
David J Maske OFFICE:605-336-2100,
Hegg, REALTORS 605-336-2100
Source: Realtor Association of the Sioux Empire,MLS#: 22606215
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 99
- Dimensions: 11 x 9
Bedroom 2
- Level: Main
- Area: 104
- Dimensions: 13 x 8
Bedroom 3
- Level: Upper
- Area: 72
- Dimensions: 9 x 8
Bedroom 4
- Level: Upper
- Area: 63
- Dimensions: 9 x 7
Dining room
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Kitchen
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Living room
- Level: Main
- Area: 182
- Dimensions: 14 x 13
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Range, Microwave, Dishwasher, Refrigerator
Features
- Main Floor Laundry
- Flooring: Carpet, Vinyl
- Basement: Partial
Interior area
- Total interior livable area: 1,205 sqft
- Finished area above ground: 1,205
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: One and One Half
- Fencing: Chain Link
Lot
- Size: 4,321 Square Feet
- Dimensions: 33x131
- Features: City Lot
Details
- Parcel number: 50547
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Metal, Slate
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: University Addn
HOA
- Has HOA: No
Location
- Region: Sioux Falls
Financial & listing details
- Price per square foot: $149/sqft
- Tax assessed value: $167,400
- Annual tax amount: $2,750
- Date on market: 8/13/2026
- Road surface type: Curb and Gutter
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $180,000-5.3%$149/sqft |
Source:  Realtor Association of the Sioux Empire #22606215 Report a problem | ||
| 8/13/2026 | Listing removed | $190,000$158/sqft |
Source: Realtor Association of the Sioux Empire #22605096 Report a problem | ||
| 7/11/2026 | Price change | $190,000-5%$158/sqft |
Source: Realtor Association of the Sioux Empire #22605096 Report a problem | ||
| 7/9/2026 | Listed for sale | $200,000$166/sqft |
Source: Realtor Association of the Sioux Empire #22605096 Report a problem | ||
| 7/9/2026 | Listing removed | $200,000$166/sqft |
Source: Realtor Association of the Sioux Empire #22604536 Report a problem | ||
| 6/19/2026 | Listed for sale | $200,000-6.5%$166/sqft |
Source: Realtor Association of the Sioux Empire #22604536 Report a problem | ||
| 11/12/2025 | Listing removed | $214,000+7.5%$178/sqft |
Source: Realtor Association of the Sioux Empire #22403149 Report a problem | ||
| 5/13/2024 | Price change | $199,000-7%$165/sqft |
Source: Realtor Association of the Sioux Empire #22403356 Report a problem | ||
| 5/6/2024 | Price change | $214,000-0.5%$178/sqft |
Source: Realtor Association of the Sioux Empire #22403149 Report a problem | ||
| 4/27/2024 | Listed for sale | $215,000+72%$178/sqft |
Source: Realtor Association of the Sioux Empire #22402954 Report a problem | ||
| 3/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/14/2023 | Price change | $1,600-3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/10/2023 | Listed for rent | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2022 | Sold | $125,000$104/sqft |
Source: Realtor Association of the Sioux Empire #22205348 Report a problem | ||
| 9/15/2022 | Pending sale | $125,000$104/sqft |
Source:  RE/MAX International #22205348 Report a problem | ||
| 9/14/2022 | Listed for sale | $125,000$104/sqft |
Source: RE/MAX International #22205348 Report a problem | ||
| 8/26/2022 | Pending sale | $125,000$104/sqft |
Source: RE/MAX International #22205348 Report a problem | ||
| 8/26/2022 | Listed for sale | $125,000+93.8%$104/sqft |
Source: Realtor Association of the Sioux Empire #22205348 Report a problem | ||
| 4/2/2011 | Listing removed | $64,500$54/sqft |
Source: Chell, REALTORS(R) #146465 Report a problem | ||
| 3/31/2011 | Listed for sale | $64,500$54/sqft |
Source: Chell, REALTORS(R) #146465 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,678 +20% | $167,400 +21.7% |
| 2024 | $2,232 -11.5% | $137,500 -4.4% |
| 2023 | $2,523 +8.1% | $143,800 +14.5% |
| 2022 | $2,334 +19.5% | $125,600 +22.9% |
| 2021 | $1,953 +35.8% | $102,200 +29.2% |
| 2020 | $1,438 +9.9% | $79,100 +13.6% |
| 2018 | $1,308 -5.7% | $69,654 +6.7% |
| 2017 | $1,387 +6% | $65,277 +8.8% |
| 2016 | $1,308 +7.6% | $60,011 +5.9% |
| 2015 | $1,216 -0.1% | $56,651 |
| 2014 | $1,218 +4.8% | $56,651 +0.7% |
| 2013 | $1,162 | $56,270 |
| 2012 | $1,162 | $56,270 |
| 2011 | -- | $56,270 |
| 2010 | -- | $56,270 |
| 2009 | $1,100 | $56,270 |
| 2008 | -- | $56,270 +5.4% |
| 2007 | -- | $53,391 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Augustana
Nearby schools
Schools provided by the listing agent
- Elementary: Laura Wilder ES
- Middle: Edison MS
- High: Roosevelt 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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