Three-Unit Multifamily Income
For Sale
Contact for pricing
Pending
227 N Spring Ave, Sioux Falls, SD 57104
Well-maintained 3-plex with a 3-bedroom main level and two 1-bedroom units.
Property SizeContact for details
Days on Market143
Property Features for 227 N Spring Ave
General Information
Standard status
Pending
Total Parking Spaces
1
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Better Homes and Gardens Real Estate Beyond
Listed By:
Matthew Wallum · License #20509
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Aug 29 at 6:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Real Estate Beyond
Investment Insights
Based on property information with market context.
This 3-plex offers three separate residential units with a layout that supports straightforward income. The main level features a 3-bedroom, 1-bath configuration. The second story includes two 1-bedroom, 1-bath units, and one of these units has attic access that may allow for the addition of bedrooms.
An unfinished basement provides practical shared amenities, including laundry, tenant storage, utilities, and a closed-off extra-deep 1-stall garage. With a simple remodel, the lower level has potential to be converted into an additional unit.
The property also features 1920s-era woodwork and high ceilings, adding character throughout the living spaces.
An unfinished basement provides practical shared amenities, including laundry, tenant storage, utilities, and a closed-off extra-deep 1-stall garage. With a simple remodel, the lower level has potential to be converted into an additional unit.
The property also features 1920s-era woodwork and high ceilings, adding character throughout the living spaces.
Key Highlights
- 3‑plex with a 3‑bedroom, 1‑bath main‑level unit and two 1‑bedroom, 1‑bath units on the second story
- One 1‑bedroom unit includes attic access that could allow 1 or 2 additional bedrooms to be added
- Unfinished basement includes laundry, tenant storage, utilities, and a closed‑off extra‑deep 1‑stall garage
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained 3-plex with a 3-bedroom main level and two 1-bedroom units.
Where is this triplex located?
The property is located at 227 N Spring Ave Sioux Falls, SD.
What are key features of this property?
This property features: 3‑plex with a 3‑bedroom, 1‑bath main‑level unit and two 1‑bedroom, 1‑bath units on the second story; One 1‑bedroom unit includes attic access that could allow 1 or 2 additional bedrooms to be added; Unfinished basement includes laundry, tenant storage, utilities, and a closed‑off extra‑deep 1‑stall garage
