For Sale
$1,500,000

422 Spring Ave Sioux Falls, SD 57104

18-Unit Multifamily Investment Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional multifamily investment property, located at 422 N Spring Ave in Sioux Falls, South Dakota, presents a rare opportunity to acquire a well-established income-generating asset. The property consists of three buildings totaling 18 units, strategically situated within walking distance of the Cathedral and the vibrant downtown area. Built in 1891, the complex comprises two 5-plex buildings, one 8-plex building, and eight detached garages, providing ample parking for residents. The unit mix includes six one-bedroom, one-bathroom units

Property Details for 422 Spring Ave

Property type
Apartment buildings
Year Built
1891
Buildings
3
Stories
2
Units
18

Location Insight

City
Sioux Falls
County
Minnehaha
State
South Dakota
Latitude
43.551983
Longitude
-96.7325403

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FAQs

What type of property is this?
Apartment building - 18-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 422 Spring Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,500,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Larry Luetke
Larry Luetke
Visit Broker Website

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Useful Information

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Spring Ave
Sioux Falls, SD 57104

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Spring Ave
Sioux Falls, SD 57104

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

422 Spring Ave
  • Larry Luetke
    Larry Luetke
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