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For sale
  • $232,000

    605 S Spring Ave, Sioux Falls, SD 57104

    --beds
    --baths
    1,836sqft
    : 
    $1,603/mo
    Get pre-qualified
    Multi Family
    Built in 1890
    -- sqft lot
    $-- Zestimate®
    $126/sqft
    $-- HOA

    What's special

    All-new flooring
    Investment opportunity near downtown Sioux Falls! This updated triplex offers great cash-flow potential with three separate units and several recent improvements. Unit 1 features a 1-bedroom, 1-bath studio-style layout. Unit 2 offers 1 bedroom and 1 bath and was recently refreshed with all-new flooring and additional updates. Unit 3 is the largest of the three, featuring 2 bedrooms and 1 bath. All three units have been updated, making this property an attractive addition to an investment portfolio. Each unit has its own separate electric meter and supplemental heat, while a brand-new furnace located in the basement provides additional heat throughout the property. A new roof was installed in 2023, providing another important recent improvement. Tenants will appreciate the off-street parking located at the rear of the property. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, entertainment, employment and other amenities. Whether you're looking to expand an existing rental portfolio or enter the investment property market, this triplex offers three income-producing units in one convenient location.
    19 days
    191
    10

    Zillow last checked:

    Listing updated:

    Listed by:

    Callie J Wockenfuss Cell:605-864-0355,

    Real Estate Retrievers of Sioux Falls 605-864-0355

    Source: Realtor Association of the Sioux Empire,MLS#: 22607506MLS Logo

      Facts & features

      Interior

      Heating
      • Forced Air, Natural Gas
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Refrigerator, Range
      Features
      • Flooring: Carpet, Vinyl
      • Basement: Full
      Interior area
      • Total interior livable area: 1,836 sqft

      Property

      Parking
      • Parking features: Detached
      Features
      • Stories: 2
      • Entry location: Private
      Lot
      • Size: 5,519 Square Feet
      • Dimensions: 115x48
      Details
      • Parcel number: 34039
      • Zoning: Not Verified

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Block
      • Roof: Composition
      Condition
      • Year built: 1890

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Grigsby Addn
      Location
      • Region: Sioux Falls

      Financial & listing details

      • Price per square foot: $126/sqft
      • Tax assessed value: $143,400
      • Annual tax amount: $2,294
      • Date on market: 9/29/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/29/2026Listed for sale$232,000+16%$126/sqft
        Source: Realtor Association of the Sioux Empire #22607506 Report a problem
        11/20/2025Sold$200,000-4.8%$109/sqft
        Source: Realtor Association of the Sioux Empire #22507004 Report a problem
        10/7/2025Price change$210,000-2.3%$114/sqft
        Source: Realtor Association of the Sioux Empire #22507004 Report a problem
        9/11/2025Listed for sale$215,000-8.5%$117/sqft
        Source: Realtor Association of the Sioux Empire #22507004 Report a problem
        11/15/2024Listing removed$235,000$128/sqft
        Source: Realtor Association of the Sioux Empire #22408361 Report a problem
        11/13/2024Listed for sale$235,000$128/sqft
        Source: Realtor Association of the Sioux Empire #22408361 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,294 +3.7%$143,400 +5.2%
        2024$2,213 +8%$136,300 -3.9%
        2023$2,050 -20.1%$141,900 -16.4%
        2022$2,565 +18.3%$169,800 +22.4%
        2021$2,169 +16.6%$138,700 +6.1%
        2020$1,860 +11.3%$130,700 +17.5%
        2018$1,671 -6.2%$111,237 +7.8%
        2017$1,782 +6.7%$103,207 +32.4%
        2016$1,671 +31.9%$77,976 +5.2%
        2015$1,267 +2.5%$74,140
        2014$1,236 +5.8%$74,140 +3%
        2013$1,169 $72,010
        2012$1,169 $72,010
        2011-- $72,010 +1.6%
        2010-- $70,861
        2009$1,391 $70,861
        2008-- $70,861 +6.3%
        2007-- $66,655
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Pettigrew Heights

        Getting around

        82 / 100
        Very Walkable
        32 / 100
        Some Transit
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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