Turnkey Triplex Near Sanford Health – Immediate Cash Flow
Rare opportunity to own a fully occupied 3-unit income property in a high-demand rental corridor near one of the area’s largest employers.
Investment Highlights:
3 Units | 1 Bed / 1 Bath Each
100% Occupied – Immediate Rental Income
Strong tenant demand due to proximity to major medical campus
Lower-level walkout unit with private entrance (high renter appeal)
Detached 2-car garage with alley access (additional income potential)
Low-maintenance unit mix ideal for consistent occupancy
Attractive option for long-term hold or portfolio expansion
Properties near major employment hubs like Sanford consistently attract medical staff, traveling professionals, and long-term tenants — helping reduce vacancy risk.
Whether you’re looking to:
Expand your rental portfolio
Execute a house-hack strategy
Add a stable, cash-flowing asset
Or position for future appreciation in a strong rental pocket
This property checks the boxes.
73 days
|
65
|
3
|
Zillow last checked:
Listing updated:
Listed by:
Sam Hahn605-988-6209,
eXp Realty605-988-6209
Source: Realtor Association of the Sioux Empire,MLS#: 22603435
Facts & features
Interior
Heating
Baseboard
Cooling
None
Features
Flooring: Carpet, Vinyl
Basement: Full
Interior area
Total structure area: 2,160
Total interior livable area: 1,562 sqft
Property
Parking
Parking features: Detached
Features
Stories: 2
Lot
Size: 4,639 Square Feet
Dimensions: 32 x 143
Details
Parcel number: 31553
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Vinyl Siding
Roof: Composition
Condition
Year built: 1919
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Security: Smoke Detector(s)
Subdivision: Folsom 2nd Addn
Location
Region: Sioux Falls
Financial & listing details
Price per square foot: $160/sqft
Tax assessed value: $153,800
Annual tax amount: $2,461
Date on market: 5/15/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/15/2026
Listed for sale
$250,000$160/sqft
Source: Realtor Association of the Sioux Empire #22603435Report a problem
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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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.