1,562 SqFt
1,562 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,562 sqft
Price per Sqft $160
Subdivision Folsom 2Nd Addn
MLS Listing ID 22603435
Year Built 1919
Lot Size 4,639 Sqft
Property Sub-Type Triplex
Property Description
Rare opportunity to own a fully occupied 3-unit income property in a high-demand rental corridor near one of the area's largest employers.
Investment Highlights:
3 Units | 1 Bed / 1 Bath Each
100% Occupied – Immediate Rental Income
Strong tenant demand due to proximity to major medical campus
Lower-level walkout unit with private entrance (high renter appeal)
Detached 2-car garage with alley access (additional income potential)
Low-maintenance unit mix ideal for consistent occupancy
Attractive option for long-term hold or portfolio expansion
Properties near major employment hubs like Sanford consistently attract medical staff, traveling professionals, and long-term tenants — helping reduce vacancy risk.
Whether you're looking to:
Expand your rental portfolio
Execute a house-hack strategy
Add a stable, cash-flowing asset
Or position for future appreciation in a strong rental pocket
This property checks the boxes.
Location
State SD
County Minnehaha
Area Sfc004
Rooms
Basement Full
Interior
Heating Baseboard
Flooring Carpet, Vinyl, Luxury Vinyl Plank
Exterior
Exterior Feature Metal/Vinyl
Roof Type Shingle Composition
Building
Foundation Poured
Sewer City Sewer
Water City Water
Schools
Elementary Schools Lowell Es
Middle Schools George Mcgovern Ms - Sioux Falls
High Schools Thomas Jefferson High School
School District Sioux Falls
NEARBY SCHOOL & BUSINESS
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5915 S Remington Pl, Suite 100, Sioux Falls, SD, 57108, USA