$349,900

Estimated payment $2,161/month

Total Views 32,985
5 Beds
3 Baths
2,559 Sq Ft
$137 Price per Sq Ft

Highlights

  • Wood Flooring
  • Detached Garage
  • Forced Air Heating System

About This Home

Don't miss this rare chance to own a fully occupied triplex in a highly sought-after central location! This well-maintained property offers strong, consistent cash flow and long-term investment stability. Each unit is tenant-occupied, generating immediate income from day one. Whether you're a seasoned investor or just starting to build your portfolio, this property is a smart addition with excellent upside potential.

Listing Agent

Mallory Kuiper

Hegg, REALTORS Listed on: 06/20/2025

Hegg, REALTORS

Co-Listing Agent

Travis Laqua

Hegg, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,558

Year Built

  • Built in 1930

Lot Details

  • 8,118 Sq Ft Lot
  • Lot Dimensions are 129x55x69x61x65

Parking

  • Detached Garage

Home Design

  • Triplex
  • Block Foundation
  • Composition Shingle Roof
  • Metal Siding

Interior Spaces

  • 2,559 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Oven or Range

Flooring

  • Wood
  • Tile
  • Vinyl

Schools

  • Lowell Elementary School
  • Edison Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Shared Water Heater

Community Details

  • 3 Units
  • Folsom 2Nd Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31614

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,558

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Property Sub Type: Triplex
  • Estimated Finished Sq Ft: 2559
  • Inside City Limits: Yes
  • Legal Description: W 65 Lots 1 & 2 & W58 Lots 3 & Lot 4 Block 25 Folsoms 2nd Addn
  • Year Built: 1930
  • Misc Info: Separate Meters, Community Water Heater
  • Suffix: Street
  • Directions To Property: S. Western Ave., E on 15th St. to home
  • Elementary School: Lowell ES
  • Geo Longitude: -96.737657
  • High School: Lincoln HS
  • Middle School: Edison MS
  • School District: Sioux Falls
  • Subdivision: Folsom 2nd Addn
  • Special Features: None
  • Stories: 2

Interior Features

  • Floors: Tile, Wood, Vinyl
  • Entrance: Private, Community
  • Appliances: Refrigerator, Oven/Range
  • Basement: Full
  • Price Per Sq Ft: 136.73
  • Number Of Stories: 2

Exterior Features

  • Exterior: Metal/Vinyl
  • Foundation: Poured, Block
  • Roof: Shingle Composition

Garage/Parking

  • Parking: Garage Detached

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Safety Features: Smoke Detector

Schools

  • School District: Sioux Falls
  • Elementary School: Lowell ES
  • Middle School: Edison MS
  • High School: Lincoln HS

Lot Info

  • Acres: 0.1864
  • Geo Subdivision: SD
  • Lot Dimensions: 129x55x69x61x65
  • Lot Size Sq Ft: 8118
  • Zoning: Not Verified

Rental Info

  • Type of Tenancy: One Year Lease
  • Utility Included in Rent: Gas, Water, Trash Collection, Lawn Service, Snow Removal, Sewer

Tax Info

  • Assessor Parcel Number: 31614
  • Taxes: 3558.26

Multi Family

  • Bathrooms Per Unit: 1
  • Bedroom Varies By Unit: Yes
  • Total Units: 3

Map

Range of Values:

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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 $5,198 $278,200 $35,100 $243,100
2023 $3,558 $249,000 $32,400 $216,600
2022 $3,464 $228,700 $32,400 $196,300
2021 $3,264 $180,200 $0 $0
2020 $3,264 $166,000 $0 $0
2019 $3,378 $168,654 $0 $0
2018 $3,081 $163,952 $0 $0
2017 $2,921 $153,760 $26,756 $127,004
2016 $2,921 $143,803 $26,756 $117,047
2015 $3,342 $156,827 $25,182 $131,645
2014 $1,288 $156,827 $25,182 $131,645
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $349,900 -- $137 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $65,000 Unknown
Source: Public Records

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22504700

REALTOR® Association of the Sioux Empire

APN: 31614