$499,900
$50K PRICE DROP

1035 N Spring Ave Sioux Falls, SD 57104

Downtown Sioux Falls Neighborhood

Estimated payment $2,996/month

Total Views 13,051
-- Bed
-- Bath
2,256 Sq Ft
$222 Price per Sq Ft

Highlights

  • 0.32 Acre Lot
  • Wood Flooring
  • Baseboard Heating
  • Patrick Henry Middle School Rated A-

About This Home

Unique turnkey opportunity near Downtown Sioux Falls has everything you need to start your investment dreams. This 4 unit home comes fully furnished, highly maintained and has a great history of short and mid term rental. Currently an AirBNB and Furnished Finder Super Host, The Garden House (unit 1 - sleeps 6), Meeting Place (unit 2 - sleeps 4), Victorian (unit 3, studio - sleeps 2), and Loft (unit 4 - sleeps 4), have been updated and restored, each with a gas stove, full kitchen set ups and dining areas. Manicured outdoor space offers landing/deck area for each units use, patio tables, chairs, and grills for guest use, as well as bikes to explore downtown, bike trails and parks. A total of 2,256 total square feet, laundry and extra storage space in basement, this property has it all. Blocks from Downtown Sioux Falls, Terrace Park, shopping, restaurants, nature areas and more!

Listing Agent

Tony Ratchford

Keller Williams Realty Sioux Falls Listed on: 04/23/2025

Keller Williams Realty Sioux Falls

Co-Listing Agent

Ashley Bartholomaus

Keller Williams Realty Sioux Falls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,429

Year Built

  • Built in 1900

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 88x158

Parking

  • Off-Street Parking

Home Design

  • Composition Roof

Interior Spaces

  • 2,256 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Microwave

Flooring

  • Wood
  • Tile

Laundry

  • Dryer
  • Washer

Schools

  • Hawthorne Elementary School
  • Patrick Henry Middle School
  • Lincoln High School

Utilities

  • Baseboard Heating

Community Details

  • 4 Units
  • Brookings Addn Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,429

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Year Built: 1900
  • Stories: 2
  • Elementary School: Hawthorne ES
  • High School: Lincoln HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 0.3192
  • Lot Size: 88x158
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 765530454
  • Co List Office Mls Id: 765530454
  • Subdivision Name: Brookings Addn
  • Directions: Russell St & Minnesota Ave, S to Brookings St, E to Spring Ave, S to property
  • Living Area: 2256.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer, Microwave
  • Basement: Full
  • Entry Location: More than one per Unit,Private
  • Flooring: Tile, Wood

Exterior Features

  • Roof: Composition
  • Construction Type: Vinyl Siding
  • Foundation Details: Other

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: SiouxFalls
  • Middle Or Junior School: Patrick Henry MS

Lot Info

  • Lot Size Sq Ft: 13904.0

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4428.86

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,429 $256,000 $55,600 $200,400
2023 $4,234 $57,500 $55,600 $1,900
2022 $4,802 $251,900 $44,200 $207,700
2021 $3,521 $203,300 $0 $0
2020 $3,521 $175,000 $0 $0
2019 $2,447 $115,537 $0 $0
2018 $2,265 $112,122 $0 $0
2017 $2,260 $106,972 $23,000 $83,972
2016 $2,260 $105,888 $23,000 $82,888
2015 $2,225 $98,918 $20,909 $78,009
2014 $2,202 $98,918 $20,909 $78,009
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 Price Changed $499,900 -5.7% $222 / Sq Ft
07/11/2025 07/11/25 Price Changed $529,900 -3.6% $235 / Sq Ft
04/23/2025 04/23/25 For Sale $549,900 -- $244 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22502951

REALTOR® Association of the Sioux Empire

APN: 27466

South Dakota Minnehaha County Sioux Falls 57104 Downtown Sioux Falls

1035 N Spring Ave, Sioux Falls, SD

For Sale

MultiFamily

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REALTOR® Association of the Sioux Empire The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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Copyright 2025 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.

Nearby Homes
Tony Ratchford
Listing Agent
Tony Ratchford
Section Image
Keller Williams Realty Sioux Falls
(605) 460-6701