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Key Facts

3,230Sq Ft

1937Year Built

0.15Lot (acres)

$499,000

Active57 days on marketListed May 5, 2026

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Description

Rare opportunity to acquire a well-maintained 5-unit investment property in the heart of central Sioux Falls. Positioned near downtown amenities, employment centers, parks, shopping, and dining, this classic multifamily asset offers both immediate income and long-term upside. Each unit is configured as a one-bedroom, one-bath residence, creating broad rental appeal and a straightforward management profile. This property carries the kind of character downtown investors always looking for, blending vintage charm with practical functionality. With a strong in-town location, consistent demand for one-bedroom housing, and room to further optimize performance over time, 213 S Spring presents an attractive opportunity for both seasoned investors and those looking to expand their portfolio with a clean, centrally located asset.

Property Information

Property Type

Residential Income

Sub-Type

Multi Family

Year Built

1937

Living Area

3,230 sq ft

Lot Size

0.15 acres

Lot Dimensions

44x150

Days on Market

MLS® Listing#

22603149

Property Features

Appliances

RefrigeratorRange

Cooling

Window Unit(s)

Heating

Natural Gas

Flooring

CarpetTileWood

Basement

FullUnfinished

Parking

Paved

Construction

Wood Siding

Foundation

Block

Roof

Composition

Windows

Window Coverings

Security

Gated with GuardSmoke Detector(s)

Sewer

Public Sewer

Water Source

Public

Schools

Elementary:: Lowell ES
Middle:: George McGovern MS - Sioux Falls
High:: Thomas Jefferson High School

Financial Details

Parcel Number

25829

Directions

Spring Ave & 10th St, S to home

Affordability Calculator

Home Price

Down Payment

$99,800

Interest Rate (%)

Loan Term

Estimated monthly payment

$2,656/mo

Principal $399,200 · Est. interest $556,920 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Sioux Falls, SD

$359,470
Median Listing Price: 44
Median Days on Market: 1,761
Median Sq Ft: $195
Median Price / Sq Ft: 1,026
Active Listings

This home’s price is 39% above the area median.
Its price per sq ft is 21% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Sioux Falls, SD.

Location

Map is currently unavailable for this location.

Points of Interest in Sioux Falls, SD

Commute Calculator

Nearby Homes

$499,000

213 S Spring Avenue, Sioux Falls, SD

0.0 mi away

$225,000

3 bed

624 W 11th Street, Sioux Falls, SD

0.1 mi away

$264,900

1 bed · 1 bath

132 S Dakota Avenue, Sioux Falls, SD

0.2 mi away

$525,000

5 bed

707 709 W 8th Street, Sioux Falls, SD

0.3 mi away

$267,500

2 bed · 2 bath

518 W 14th Street, Sioux Falls, SD

0.3 mi away

$169,900

3 bed · 1 bath

807 W 12th Street, Sioux Falls, SD

0.3 mi away

Similar Homes Nearby

$349,471
2 beds · 2 baths · 1,084 sq ft
316 S Willow Spring Dr, Sioux Falls, SD 57110
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$349,900
4 beds · 2 baths · 1,690 sq ft
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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
316 S Willow Spring Dr, Sioux Falls, SD	$349,471	2	2	1,084
3201 S Greenwood Ave, Sioux Falls, SD	$349,900	4	2	1,690
2404 S Holt Ave, Sioux Falls, SD	$349,900	4	2	2,400
704 S Western Ave, Sioux Falls, SD	$349,900	6	3	3,296
5408 E Wonder St, Sioux Falls, SD	$349,900	2	2	1,386
2312 S Phillips Ave, Sioux Falls, SD	$349,900	4	2	2,112

Moving Cost Estimate

EXIT Agents in Sioux Falls

Sally Solum
Associate Broker
EXIT Realty - Great PlainsSioux Falls, SD
(605) 759-5109
sally@exitisgreat.com
Hadass Negi
Associate Broker
EXIT Realty - Great PlainsSioux Falls, SD
(605) 728-2519
hadass@exitisgreat.com
Donovan O'Donnell
Associate Broker
EXIT Realty - Great PlainsSioux Falls, SD
(605) 240-0303
don@exitsiouxempire.com
Lee Porter
Broker of Record
EXIT Realty - Great PlainsSioux Falls, SD
(507) 840-1710
lee@exitisgreat.com
Lynda Cook
Sales Representative
EXIT Realty - Great PlainsSioux Falls, SD
(605) 498-3200
lynda@exitsiouxempire.com
Angela Peters
Associate Broker
EXIT Realty AdvantageMadison, SD
(605) 999-3931
angelapexit@gmail.com

Listing Courtesy: Grand Sothebys International Realty

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Last Updated: 2026-05-05