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1902 S Spring Ave, Sioux Falls, SD 57105

$180,000
  • 4

    bed

  • 1

    bath

  • 1,205

    Sqft ($149/Sqft)

House for sale 39 days
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About 1902 S Spring Ave

Property type House
Neighborhood
Year built 1909
HOA fee $0/month
Lot size 4,323 Sqft
Property description
INVESTMENT OPPORTUNITY This updated 1.5-story home offers 4 bedrooms, 1 bath, and a great central location near Augustana University, the University of Sioux Falls, Sanford Hospital, and Avera McKennan Hospital. Creating a strong rental demand. For investors, the numbers are worth a look. Fair Market Rent (FMR) for a 4-bedroom property in the 57105 ZIP code is approximately $1,730/month/ With limited operating expenses beyond property taxes and insurance, this property has the potential to perform near a 10% cap rate depending on actual rents, vacancy, maintenance and other ownership expenses. Whether you're looking to add another rental to your portfolio or make your first investment purchase, this property offers an attractive combination of price point, bedroom count, location, and income potential.
Listed by
Listing Agent - David Maske
Listing Agent Contact: OFFICE: 605-336-2100
Listing Office - Hegg, REALTORS
Source: REALTOR® Association of the Sioux Empire mls logo
MLS#22606215 • last updated 1 week ago
Movoto checked REALTOR® Association of the Sioux Empire for data 42 minutes ago
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Overview
Cooling/AC Central Air
Heating Natural Gas
Levels/Style 1.5 Story
MLS # 22606215
Living Area 1205
Status Active
SubType Single Family Residence
Lot Size (Sqft) 4323
Lot Size (Acres) 0.0992
Property Tax 2750.26
Year Built 1909
Interior
Total # of Bathrooms 1
# of Full Baths 1
Total # of Bedrooms 4
Total # of Rooms 7
Flooring Carpet, Vinyl
Appliances Electric Range, Microwave, Dishwasher, Refrigerator
Interior Features Main Floor Laundry
Exterior
Foundation Block
Roof Composition
Construction Slate, Metal
Lot Features City Lot
Fencing Chain Link
Amenities / Utilities
Water Source Public
Location
County Minnehaha
Subdivision University Addn
Elementary School Laura Wilder ES
Middle School Edison MS
High School District SiouxFalls
High School Roosevelt HS
APN 50547
Directions 26th And Spring Go South 1 Block House On Eastside Of Road.
Lot/ Land Details
Road Responsibility Public Maintained Road
Road Surface Curb And Gutter
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3/10
Laura Wilder Elementary - 31
public Grades K-5
Sioux Falls School District 49-5
4/10
Edison Middle School - 06
public Grades 6-8
Sioux Falls School District 49-5
3/10
Roosevelt High School - 03
public Grades 9-12
Sioux Falls School District 49-5
Source: GreatSchools.org © 2026. All rights reserved.

Around Augustana

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65/100
Walk
72/100
Family
60/100
Dining
82/100
Pet
  • Real Estate
  • SD
  • Minnehaha County
  • Sioux Falls
  • 57105
  • Augustana
  • 1902 S Spring Ave

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