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Three-Unit Multifamily Income Property

227 N Spring Ave Sioux Falls, SD 57104

227 N Spring Ave, Sioux Falls, SD, 57104
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For Sale
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Pending

Well-maintained 3-plex with a 3-bedroom main level and two 1-bedroom units.

Days on Market102

Property Features for 227 N Spring Ave

General Information

Standard status
Pending
Property subtype
Multifamily
Listing agency Better Homes and Gardens Real Estate Beyond
Listed by Matthew Wallum · License #20509
Source Crexi
Added: Apr 11 Updated: Jul 21 at 3:25AM Checked: Jul 21 at 3:25AM

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.

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

Location Intelligence

Current Use by Public Records

My side biches ... Freight Service

Suggested Use

Dental Office Electrical Service Carpet & Flooring Store Acupuncture HVAC Service Locksmith Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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