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.
For sale
$232,000
605 S Spring Ave, Sioux Falls, SD 57104
--beds
--baths
1,836sqft
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$126/sqft
$-- HOA
What's special
All-new flooring
- 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#: 22607506
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
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Listed for sale | $232,000+16%$126/sqft |
Source: | ||
| 11/20/2025 | Sold | $200,000-4.8%$109/sqft |
Source: | ||
| 10/7/2025 | Price change | $210,000-2.3%$114/sqft |
Source: | ||
| 9/11/2025 | Listed for sale | $215,000-8.5%$117/sqft |
Source: | ||
| 11/15/2024 | Listing removed | $235,000$128/sqft |
Source: | ||
| 11/13/2024 | Listed for sale | $235,000$128/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: Pettigrew Heights
Nearby schools
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.









