Income-producing triplex opportunity in central Sioux Falls! This property features three 1-bed, 1-bath units, offering a great investment for owner-occupants or investors alike. Two units are currently occupied—ability for setting new rents or living in one while leasing the others. Each unit offers easy-maintenance laminate flooring throughout, creating a clean and modern feel. Convenient off-alley parking provides tenants with accessible and private spaces. Located near downtown, parks, and shopping, this property combines affordability and location with great potential for cash flow! All new vinyl windows throughout in 2024!
Sold for $126,000
$126,000
521 S Menlo Ave, Sioux Falls, SD 57104
--beds
--baths
1,187sqft
Multi Family
Built in 1942
-- sqft lot
$142,000 Zestimate®
$106/sqft
$1,071 Estimated rent
Home value
$142,000
$126,000 - $163,000
$1,071/mo
Zestimate® history
Owner options
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$1,071/mo
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$1,071/mo
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$653/mo
Est. payment
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$653/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jim F Koch 605-929-5010,
eXp Realty- SF-Allen Edge Team,
Tara L Allen,
eXp Realty- SF-Allen Edge Team
Bought with:
Sam Hahn
Source: Realtor Association of the Sioux Empire,MLS#: 22602919
Facts & features
Interior
Heating
- Forced Air
Appliances
- Included: Refrigerator, Range
Features
- Flooring: Laminate
- Basement: Full
Interior area
- Total interior livable area: 1,187 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 2
- Entry location: Private
Lot
- Size: 4,639 Square Feet
- Dimensions: 140x32
Details
- Parcel number: 31517
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Folsom 2nd Addn
Location
- Region: Sioux Falls
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $118,700
- Annual tax amount: $1,899
- Date on market: 4/28/2026
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listing removed | $700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/26/2026 | Sold | $126,000-13%$106/sqft |
Source:  Realtor Association of the Sioux Empire #22602919 Report a problem | ||
| 6/4/2026 | Listed for rent | $700+40%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/3/2026 | Pending sale | $144,900$122/sqft |
Source: eXp Realty #22602919 Report a problem | ||
| 5/28/2026 | Listed for sale | $144,900$122/sqft |
Source: eXp Realty #22602919 Report a problem | ||
| 5/15/2026 | Pending sale | $144,900$122/sqft |
Source: eXp Realty #22602919 Report a problem | ||
| 4/28/2026 | Listed for sale | $144,900-3.3%$122/sqft |
Source: Realtor Association of the Sioux Empire #22602919 Report a problem | ||
| 2/14/2026 | Listing removed | $149,900$126/sqft |
Source: eXp Realty #22508949 Report a problem | ||
| 1/27/2026 | Pending sale | $149,900$126/sqft |
Source: eXp Realty #22508949 Report a problem | ||
| 12/4/2025 | Listed for sale | $149,900-9.1%$126/sqft |
Source: Realtor Association of the Sioux Empire #22508949 Report a problem | ||
| 12/4/2025 | Listing removed | $164,900$139/sqft |
Source: Realtor Association of the Sioux Empire #22507673 Report a problem | ||
| 10/7/2025 | Listed for sale | $164,900+35.2%$139/sqft |
Source: Realtor Association of the Sioux Empire #22507673 Report a problem | ||
| 2/28/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/23/2020 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 11/19/2020 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 6/2/2020 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 5/30/2020 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 3/30/2020 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 3/22/2020 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 12/26/2019 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 12/19/2019 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 10/11/2019 | Sold | $122,000$103/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,899 -2.6% | $118,700 -1.2% |
| 2024 | $1,949 -12% | $120,100 -3.5% |
| 2023 | $2,215 -2.9% | $124,400 +2.4% |
| 2022 | $2,282 +9.6% | $121,500 +12.5% |
| 2021 | $2,081 -13.5% | $108,000 -16.1% |
| 2020 | $2,406 +11.7% | $128,800 +9.5% |
| 2018 | $2,155 -7% | $117,663 +8.2% |
| 2017 | $2,317 +7.5% | $108,698 +9.4% |
| 2016 | $2,155 +7.8% | $99,403 +4.8% |
| 2015 | $2,000 -0.8% | $94,828 |
| 2014 | $2,016 +5.8% | $94,828 +0.9% |
| 2013 | $1,906 | $93,988 |
| 2012 | $1,906 | $93,988 |
| 2011 | -- | $93,988 +0.9% |
| 2010 | -- | $93,147 |
| 2009 | $1,787 | $93,147 |
| 2008 | -- | $93,147 +5.8% |
| 2007 | -- | $88,074 |
Find assessor info on the county website
Neighborhood: Pettigrew Heights
Nearby homes
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- $175,0002 bd1 ba790 sqft509 S Menlo Ave, Sioux Falls, SD 57104Sold
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- $100,0002 bd1 ba990 sqft507 S Menlo Ave, Sioux Falls, SD 57104Sold
Nearby schools
GreatSchools rating
- 3/10Lowell Elementary - 28Grades: PK-5Distance: 0.4 mi
- 3/10George Mcgovern Middle School -09Grades: 6-8Distance: 3.8 mi
- 6/10Jefferson High School - 67Grades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Lowell ES
- Middle: George McGovern MS - Sioux Falls
- High: Thomas Jefferson High School
- 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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