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Off market
  • $328,100

    227 N Spring Ave, Sioux Falls, SD 57104

    --beds
    1baths
    1,848sqft
    MultiFamily
    Built in 1921
    -- sqft lot
    $328,100 Zestimate®
    $178/sqft
    $767 Estimated rent

    Home value

    $328,100

    $312,000 - $345,000

    $767/mo

    Zestimate® history
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    Owner options

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    $767/mo

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    $767/mo

    Rent Zestimate®

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    $1,702/mo

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    $1,702/mo

    Est. payment

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    What's special

    Great cash flowing 3-plex just blocks from the exploding Downtown Sioux Falls. Very easy to rent to the vast array of incoming attorneys and downtown office workers. Breathtaking intricate 1920's woodwork and high ceilings. Main level is a 3 bedroom 1 bath that can rent for $900. The second story has two 1 bedroom 1 bath units that can rent for $500. In addition, one of the 1 bedroom units has attic access sporting the potential for 1 or 2 additional bedrooms to be added to this unit at minimal expense, making the already great cash flow even better. The unfinished basement has laundry, tenant storage, utilities and a closed off extra deep 1 stall garage. Smaller yard reduces the unwanted upkeep and landscaping expenses.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 1
    Heating
    • Forced air, Gas
    Cooling
    • Other
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    • Fireplace features: masonry
    Interior area
    • Total interior livable area: 1,848 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: City
    Lot
    • Size: 3,693 Square Feet
    Details
    • Parcel number: 25869

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Foundation: Concrete
    • Roof: Composition
    Condition
    • Year built: 1921

    Community & HOA

    Location
    • Region: Sioux Falls

    Financial & listing details

    • Price per square foot: $178/sqft
    • Tax assessed value: $244,500
    • Annual tax amount: $3,911

    Price history

    DateEventPrice
    7/31/2026Listing removed$339,900$184/sqft
    Source: eXp Realty #22601670 Report a problem
    5/22/2026Listed for sale$339,900$184/sqft
    Source: eXp Realty #22601670 Report a problem
    5/14/2026Pending sale$339,900$184/sqft
    Source: eXp Realty #22601670 Report a problem
    3/10/2026Price change$339,900-2.9%$184/sqft
    Source: Realtor Association of the Sioux Empire #22601670 Report a problem
    1/2/2026Price change$349,900-4.1%$189/sqft
    Source: Realtor Association of the Sioux Empire #22600018 Report a problem
    9/19/2025Listed for sale$364,900-2.7%$197/sqft
    Source: Realtor Association of the Sioux Empire #22507251 Report a problem
    9/18/2025Listing removed$374,900$203/sqft
    Source: Realtor Association of the Sioux Empire #22504940 Report a problem
    6/27/2025Listed for sale$374,900$203/sqft
    Source: Realtor Association of the Sioux Empire #22504940 Report a problem
    6/26/2025Listing removed$374,900$203/sqft
    Source: Realtor Association of the Sioux Empire #22503203 Report a problem
    6/9/2025Price change$374,900-3.9%$203/sqft
    Source: Realtor Association of the Sioux Empire #22503203 Report a problem
    5/1/2025Listed for sale$390,000+15.7%$211/sqft
    Source: Realtor Association of the Sioux Empire #22503203 Report a problem
    10/30/2023Listing removed--
    Source: Realtor Association of the Sioux Empire #22300416 Report a problem
    5/5/2023Sold$337,000-3.7%$182/sqft
    Source: Public Record Report a problem
    1/27/2023Listed for sale$349,900-12.5%$189/sqft
    Source: Realtor Association of the Sioux Empire #22300416 Report a problem
    12/19/2022Listing removed--
    Source: Realtor Association of the Sioux Empire #22205015 Report a problem
    8/12/2022Listed for sale$400,000+48.1%$216/sqft
    Source: Realtor Association of the Sioux Empire #22205015 Report a problem
    9/8/2021Listing removed--
    Source: Realtor Association of the Sioux Empire #22102987 Report a problem
    6/2/2021Listed for sale$270,000+93%$146/sqft
    Source: Realtor Association of the Sioux Empire #22102987 Report a problem
    4/22/2016Listing removed$139,900$76/sqft
    Source: Preferred Real Estate, LLC #21504001 Report a problem
    9/29/2015Listed for sale$139,900+21.4%$76/sqft
    Source: Preferred Real Estate, LLC #21504001 Report a problem
    3/1/2013Sold$115,250-3.9%$62/sqft
    Source: Realtor Association of the Sioux Empire #21207524 Report a problem
    12/22/2012Listed for sale$119,900-12.8%$65/sqft
    Source: RE/MAX Professionals Inc. #21207524 Report a problem
    10/2/2012Listing removed$137,500$74/sqft
    Source: RE/MAX PROFESSIONALS INC #21203480 Report a problem
    6/2/2012Listed for sale$137,500$74/sqft
    Source: RE/MAX Professionals, Inc. #21203480 Report a problem
    3/2/2012Listing removed$137,500$74/sqft
    Source: RE/MAX PROFESSIONALS INC #21200589 Report a problem
    2/4/2012Listed for sale$137,500$74/sqft
    Source: RE/MAX Professionals, Inc. #21200589 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,911 +31.9%$244,500 +33.8%
    2024$2,966 -0.9%$182,700 +7.4%
    2023$2,993 +7%$170,100 +13.3%
    2022$2,797 -1.5%$150,100 +0.7%
    2021$2,839 -13.5%$149,100 +9.4%
    2020$3,281 +18.8%$136,300 -7.2%
    2018$2,762 -3.9%$146,878 +4.6%
    2017$2,874 +4.1%$140,354 +0.6%
    2016$2,762 -0.4%$139,530 +5.9%
    2015$2,773 +12.1%$131,814
    2014$2,473 +4.6%$131,814 +1.1%
    2013$2,364 $130,322
    2012$2,364 $130,322
    2011-- $130,322
    2010-- $130,322
    2009$2,238 $130,322
    2008-- $130,322 +3.7%
    2007-- $125,700
    Find assessor info on the county website

    Neighborhood: Axtell Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hawthorne Elementary
    • Middle: Axtell Park Middle S
    • High: Roosevelt High Schoo
    • District: Sioux Falls School D

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $328,100
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    With Zillow Showcase(estimated)
    $334,662
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $328,100
    2% more
    +$6,562
    With Zillow Showcase(estimated)
    $334,662