Investment opportunity near downtown Sioux Falls! This updated triplex offers great cash-flow potential with three separate units and several recent improvements. Unit 1 features a 1-bedroom, 1-bath studio-style layout. Unit 2 offers 1 bedroom and 1 bath and was recently refreshed with all-new flooring and additional updates. Unit 3 is the largest of the three, featuring 2 bedrooms and 1 bath. All three units have been updated, making this property an attractive addition to an investment portfolio. Each unit has its own separate electric meter and supplemental heat, while a brand-new furnace located in the basement provides additional heat throughout the property. A new roof was installed in 2023, providing another important recent improvement. Tenants will appreciate the off-street parking located at the rear of the property. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, entertainment, employment and other amenities.
Whether you're looking to expand an existing rental portfolio or enter the investment property market, this triplex offers three income-producing units in one convenient location.
| Elementary School |
Lowell ES |
| Jr. High School |
George McGovern MS - Sioux Falls |
| High School |
Thomas Jefferson High School |
|
Prior to Oct 21, '26
|
$232,000
|
| Oct 21, '26 - Today |
$225,000 |
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Range, Refrigerator |
| AREA |
SF-C004 |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Vinyl Siding |
| HEAT |
Forced Air, Natural Gas |
| LOT |
5519 sq ft |
| LOT DIMENSIONS |
115x48 |
| PARKING |
Detached |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Grigsby Addn |
| WATER |
Public |
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Listed with Real Estate Retrievers of Sioux Falls
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Dynamic Realty are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.
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