$400,000
$65K PRICE DROP

Estimated payment $2,447/month

Total Views 20,163
-- Bed
-- Bath
3,744 Sq Ft
$107 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 2-minute walk to Badlands Nat'l Park
  • Memorial Middle School Rated A-

About This Home

Discover an exceptional investment in these side-by-side 4-plexes boasting a stellar rental history and strong cash flow potential. Each building features three spacious 2-bedroom, 1-bath units and one efficient 1-bedroom, 1-bath unit, with room for rent increases. Enjoy great layouts, wall AC, boiler heat, individually metered electric, and common area coin-op laundry. Utilities including water/sewer, gas, and trash are passed through to tenants. Ample rear parking plus a 4-stall garage for one building. Only one vacant unit, ideal for showings. Prime location ensures super rentability and low vacancies.

Listing Agent

Ryan Olson

605 Real Estate LLC Listed on: 07/24/2025

Co-Listing Agent

Brad Stearns

605 Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,715

Year Built

  • Built in 1973

Lot Details

  • 10,080 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 3,744 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Schools

  • Oscar Howe Elementary School
  • Memorial Middle School
  • Roosevelt High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Covington Heights Addn Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,715

Year Built

Built in 1973

Lot Details

10,080 Sq Ft Lot

Listing Details

  • Year Built: 1973
  • Stories: 2
  • Elementary School: Oscar Howe ES
  • High School: Roosevelt HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 0.2314
  • Lot Size: Irregular
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 765530512
  • Co List Office Mls Id: 765530512
  • Subdivision Name: Covington Heights Addn
  • Directions: Travel North on Marion Rd, turn East on W 47th St. Property on North side of road
  • Living Area: 3744.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Basement: Full
  • Owner Pays: Grounds Care, Snow Removal
  • Entry Location: Community
  • Flooring: Carpet, Tile, Wood

Exterior Features

  • Roof: Composition
  • Construction Type: HardiPlank Type
  • Foundation Details: Poured

Garage/Parking

  • Parking Features: Detached

Utilities

  • Cooling: Window Unit(s)
  • Heating: Hot Water, Baseboard, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: SiouxFalls
  • Middle Or Junior School: Memorial MS

Lot Info

  • Lot Size Sq Ft: 10080.0

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4715.42

Map

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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 $4,715 $277,100 $39,900 $237,200
2023 $4,645 $57,700 $33,200 $24,500
2022 $4,571 $241,900 $30,200 $211,700
2021 $4,217 $217,500 $0 $0
2020 $4,217 $214,700 $0 $0
2019 $3,908 $194,251 $0 $0
2018 $3,696 $187,669 $0 $0
2017 $3,734 $183,914 $30,701 $153,213
2016 $3,734 $183,914 $30,701 $153,213
2015 $3,931 $183,914 $30,701 $153,213
2014 $3,961 $183,914 $30,701 $153,213
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 For Sale $400,000 0.0% $107 / Sq Ft
09/02/2025 09/02/25 Off Market $400,000 -- --
07/31/2025 07/31/25 Price Changed $400,000 -14.0% $107 / Sq Ft
07/24/2025 07/24/25 For Sale $465,000 -- $124 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22505747

REALTOR® Association of the Sioux Empire
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