For sale

$279,900

2512 S Summit Ave, Sioux Falls, SD 57105

--beds

--baths

1,654sqft

$1,913/mo

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Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$169/sqft

$-- HOA

What's special

Cozy fireplaceFloor to ceiling fireplaceUpdated sidingUpdated flooringTwo bedroomsOne bedroomSpacious main unit

FANTASTIC INVESTMENT OPPORTUNITY IN A PRIME CENTRAL LOCATION! This versatile triplex offers three separate living units, an excellent opportunity to expand your investment portfolio! The spacious main unit features updated flooring, paint, a cozy fireplace, two bedrooms, and a full bathroom. The lower-level unit offers updated flooring, paint, floor to ceiling fireplace, one bedroom, and one bathroom. The third unit is a studio apartment conveniently located beneath the garage, providing additional rental income potential. Exterior improvements include updated siding, and roof. LOCATION, LOCATION, LOCATION! Within walking distance to the University of Sioux Falls, near Sanford Health, and centrally located with convenient access to downtown Sioux Falls, shopping, dining, and entertainment! Whether you’re a seasoned investor or just getting started, this triplex is an opportunity you won’t want to miss!

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Facts & features

Interior

Heating

Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Refrigerator, Range, Microwave

Features

Flooring: Vinyl
Basement: Full

Interior area

Total structure area: 1,940
Total interior livable area: 1,654 sqft

Property

Parking

Parking features: Detached

Features

Stories: 2
Entry location: Private

Lot

Size: 0.25 Acres
Dimensions: 90 x 135

Details

Parcel number: 47017
Zoning: RA 1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Block
Roof: Composition

Condition

Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: F A Smith Addn

Location

Region: Sioux Falls

Financial & listing details

Price per square foot: $169/sqft
Tax assessed value: $161,800
Annual tax amount: $2,588
Date on market: 10/15/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/15/2026	Listed for sale	$279,900+74.9%$169/sqft
Source: Realtor Association of the Sioux Empire #22607922 Report a problem
9/30/2022	Sold	$160,000+23.1%$97/sqft
Source: Agent Provided Report a problem
1/22/2016	Listing removed	$395
Source: Real Property Management Express Report a problem
1/18/2016	Listed for rent	$395
Source: Real Property Management Express Report a problem
10/23/2009	Sold	$130,000$79/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,588 +3.1%	$161,800 +4.7%
2024	$2,509 -27%	$154,500 -19.2%
2023	$3,438 +2%	$191,200 +7.9%
2022	$3,369 +24.6%	$177,200 +29.1%
2021	$2,703 +1.3%	$137,300 +1.7%
2020	$2,669 +7.7%	$135,000 +5.8%
2018	$2,478 -4.1%	$127,648 +4.9%
2017	$2,584 +4.3%	$121,632 +7.7%
2016	$2,478 +4.6%	$112,895 +3.8%
2015	$2,370 +1.1%	$108,793
2014	$2,344 +5.8%	$108,793 +1.9%
2013	$2,216	$106,742 +1%
2012	$2,216	$105,717 -8.9%
2011	--	$116,090
2010	--	$116,090
2009	$2,293	$116,090
2008	--	$116,090 +6.1%
2007	--	$109,390

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 57105

Getting around

76 / 100

Very Walkable

22 / 100

Minimal Transit

50 / 100

Bikeable

Nearby schools

GreatSchools rating

3/10
Laura Wilder Elementary - 31
Grades: K-5Distance: 0.9 mi
6/10
Edison Middle School - 06
Grades: 6-8Distance: 0.7 mi
4/10
Roosevelt High School - 03
Grades: 9-12Distance: 3.6 mi

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.