$400,000
$35K PRICE DROP

Estimated payment $2,518/month

Total Views 18,221
-- Bed
-- Bath
3,888 Sq Ft
$103 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 2-minute walk to Marion 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. Total asking price for both fourplexes is 800k.

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

  • $4,622

Year Built

  • Built in 1973

Lot Details

  • 10,799 Sq Ft Lot

Parking

  • Paved Parking

Home Design

  • Composition Roof

Interior Spaces

  • 3,888 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire and Smoke Detector

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

$4,622

Year Built

Built in 1973

Lot Details

10,799 Sq Ft Lot

Listing Details

  • Year Built: 1973
  • Stories: 2
  • Elementary School: Oscar Howe ES
  • High School: Roosevelt HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 0.2479
  • Lot Size: irregular
  • Security Features: Security Lights, 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: 3888.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • 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: Paved

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: 10799.0

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4622.4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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% $103 / Sq Ft
09/02/2025 09/02/25 Off Market $400,000 -- --
07/31/2025 07/31/25 Price Changed $400,000 -8.0% $103 / Sq Ft
07/24/2025 07/24/25 For Sale $435,000 -- $112 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22505748

REALTOR® Association of the Sioux Empire
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