About This Home

This 4-bedroom, 3-bathroom residential multi family at 605 S Spring Ave in Sioux Falls, SD is listed for $225,000 ($123 per sqft). Built in 1890, the home offers 1,836 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1890
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
3 full
1890

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

605 S Spring Ave

Sioux Falls, SD 57104

Grigsby Addn

Property Details

Flooring

CarpetVinyl

Construction

Vinyl Siding

Heating

Forced AirNatural Gas

Cooling

Window Unit(s)

Appliances

RangeRefrigerator

Questions & Answers

This 4-bedroom, 3-bathroom residential multi family at 605 S Spring Ave is listed at $225,000 ($123/sqft). The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.13 acre lot, 2 stories.

This property is listed by Callie Wockenfuss.

CW

Callie Wockenfuss

Agent at Real Estate Retrievers of Sioux Falls

Listed by Real Estate Retrievers of Sioux Falls · Broker phone: (605) 480-3666 · View on Broker Site

MLS# 22607506· Source: Realtor Association of the Sioux Empire MLS· 30 days on PropertySimple

Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

605 S Spring Ave, Sioux Falls, SD 57104

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