2504 S Summit Ave Sioux Falls, SD 57105
Augustana NeighborhoodEstimated payment $2,801/month
Highlights
- Popular Property
- Forced Air Heating System
- 3-minute walk to Spellerberg Park
- Wood Flooring
About This Home
Investor opportunity in central Sioux Falls! This triplex offers three separate, furnished units with flexible rental potential and a convenient location near 33rd Street, Minnesota Avenue, schools, shopping, dining, and everyday amenities. Currently used for short-term rental stays, the property includes a spacious 2 bedroom, 1 bath main floor unit, plus a 1 bedroom, 1 bath upper unit and a 1 bedroom, 1 bath lower-level unit. Each unit offers its own living space, kitchen area, bedroom/bath setup, and comfortable layout, creating options for an owner-occupant, house hacker, short-term rental investor, or long-term rental portfolio addition. The main floor unit features generous living and dining spaces, an inviting kitchen, two bedrooms, and a full bath. The lower level includes a living room, kitchen, bedroom, and bath. The upper unit offers a private entrance via exterior balcony access, with its own kitchen, living/dining space, bedroom, bath, and additional den/living area. Shared laundry access available to all units in the basement. On-site paved parking adds everyday convenience. Seller intends to sell the property furnished, with some exclusions. A flexible, income-producing property in a desirable Sioux Falls location with multiple paths for future use. Associated documents contains breakdown of income and expenses.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,945
Year Built
- Built in 1948
Lot Details
- 9,766 Sq Ft Lot
- Lot Dimensions are 75 x 135
Parking
- Paved Parking
Home Design
- Block Foundation
- Composition Roof
Interior Spaces
- 2,420 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Laundry
- Dryer
- Washer
Home Security
- Security Lights
- Fire and Smoke Detector
Schools
- Laura Wilder Elementary School
- Edison Middle School
- Roosevelt High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 3 Units
- F A Smith Addn Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,945 | $296,100 | $40,600 | $255,500 |
| 2024 | $4,945 | $320,800 | $40,600 | $280,200 |
| 2023 | $4,902 | $275,600 | $40,600 | $235,000 |
| 2022 | $4,740 | $252,000 | $40,600 | $211,400 |
| 2021 | $3,603 | $182,600 | $0 | $0 |
| 2020 | $3,603 | $182,600 | $0 | $0 |
| 2019 | $3,614 | $179,609 | $0 | $0 |
| 2018 | $3,252 | $171,386 | $0 | $0 |
| 2016 | $2,989 | $147,592 | $27,750 | $119,842 |
| 2015 | $3,027 | $141,637 | $27,750 | $113,887 |
| 2014 | $2,989 | $141,637 | $27,750 | $113,887 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | For Sale | $450,000 | -- | $186 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $195,000 | Getty Abstract & Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $168,650 | FHA |
About the Listing Agent
As a dedicated Realtor based in Sioux Falls, SD, and a proud member of Amy Stockberger Real Estate, I bring a unique blend of passion, expertise, and unwavering commitment to helping my clients achieve their real estate dreams. With a keen eye for market trends and an unmatched dedication to client satisfaction, I specialize in crafting personalized strategies that not only meet but exceed the diverse needs of buyers and sellers alike.
My journey in real estate is driven by a genuine
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Source: REALTOR® Association of the Sioux Empire
MLS Number: 22603776
APN: 47019
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