213 S Spring Ave Sioux Falls, SD 57104
Pettigrew Heights NeighborhoodEstimated payment $2,977/month
About This Home
Rare opportunity to acquire a well-maintained 5-unit investment property in the heart of central Sioux Falls. Positioned near downtown amenities, employment centers, parks, shopping, and dining, this classic multifamily asset offers both immediate income and long-term upside. Each unit is configured as a one-bedroom, one-bath residence, creating broad rental appeal and a straightforward management profile. This property carries the kind of character downtown investors always looking for, blending vintage charm with practical functionality. With a strong in-town location, consistent demand for one-bedroom housing, and room to further optimize performance over time, 213 S Spring presents an attractive opportunity for both seasoned investors and those looking to expand their portfolio with a clean, centrally located asset.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,258
Year Built
- Built in 1937
Lot Details
- 6,599 Sq Ft Lot
- Lot Dimensions are 44x150
Parking
- Paved Parking
Home Design
- Block Foundation
- Composition Roof
Interior Spaces
- 3,230 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Flooring
- Wood
- Carpet
- Tile
Schools
- Lowell Elementary School
- George Mcgovern Middle School - Sioux Falls
- Thomas Jefferson High School
Utilities
- Heating System Uses Natural Gas
Community Details
Overview
- 5 Units
- Bennetts 1St Subdivision
Security
- Gated with Attendant
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $4,456 | $270,100 | $24,200 | $245,900 |
| 2024 | $4,456 | $192,600 | $24,200 | $168,400 |
| 2023 | $3,278 | $33,100 | $24,200 | $8,900 |
| 2022 | $3,056 | $162,500 | $13,200 | $149,300 |
| 2021 | $3,346 | $172,400 | $0 | $0 |
| 2020 | $3,346 | $172,400 | $0 | $0 |
| 2019 | $3,111 | $156,634 | $0 | $0 |
| 2018 | $2,809 | $149,188 | $0 | $0 |
| 2017 | $2,839 | $141,346 | $12,584 | $128,762 |
| 2016 | $2,839 | $141,346 | $12,584 | $128,762 |
| 2015 | $2,992 | $141,346 | $12,584 | $128,762 |
| 2014 | -- | $141,346 | $12,584 | $128,762 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $499,000 | -- | $154 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22603149
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Information is deemed reliable but not guaranteed.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
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