1305 S Spring Ave Sioux Falls, SD 57105

Rare triplex in one of Sioux Falls' most sought-after corridors for rental property — walking distance to both hospitals, major colleges, and downtown. One 3BD/1BA and two 2BD/1BA units, all updated in recent years with new water heater (2021), coin-op washer/dryer (2021), insulated rear entrance, and ongoing unit improvements throughout.
The house hack opportunity here is straightforward: occupy the basement unit, collect rent from the other two, and dramatically reduce your cost of living while building equity in a location landlords don't let go of often. Self-manage, handle your own lawn and snow, and pocket the management fees — or hold it as a pure investment and let the numbers work for you.
Current rents have room to grow as leases turn over. Owner covers gas, electric, water/sewer, and trash with a RUBS billback in place. Coin-op laundry adds supplemental income. Seller is offering a credit toward minor exterior repairs — easy cosmetic upside that goes a long way on curb appeal in a neighborhood this strong. Don't overlook this one.