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$300,000
Est. payment /mo
2,248 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $133
Subdivision Park Addition
MLS Listing ID 22605828
Year Built 1880
Lot Size 8,651 Sqft
Property Sub-Type Triplex
Property Description
Prime investment opportunity in one of Sioux Falls' most walkable, in-demand pockets — minutes from USF and Augustana. This triplex offers an ideal house-hack setup: move into the beautifully updated garden-level unit, where a fully remodeled kitchen and bath, quality finishes, and a genuinely comfortable layout make it feel more like a private residence than a rental. The upper 3-bedroom and main-level 2-bedroom units offer real upside for an owner willing to put in some cosmetic sweat equity to push rents toward market.
A clean, updated common area houses two coin-op laundry units, adding built-in income on top of rent. Boiler heat serves all three units, each with its own window/wall AC, and tenants cover their own electric — landlord handles water, sewer, lawn, and snow. MTM leases makes implementing a straightforward RUBS structure to offset even those costs and further strengthen NOI.
Outside, the property has been refreshed with new siding, fascia, paint, and landscaping, plus a shed for extra storage. A 0.20-acre lot and off-street parking round out the package.
Whether you're an owner-occupant looking to live affordably while building equity, or an investor adding a stabilized triplex with room to grow rents, 1509 S Duluth checks every box.
A clean, updated common area houses two coin-op laundry units, adding built-in income on top of rent. Boiler heat serves all three units, each with its own window/wall AC, and tenants cover their own electric — landlord handles water, sewer, lawn, and snow. MTM leases makes implementing a straightforward RUBS structure to offset even those costs and further strengthen NOI.
Outside, the property has been refreshed with new siding, fascia, paint, and landscaping, plus a shed for extra storage. A 0.20-acre lot and off-street parking round out the package.
Whether you're an owner-occupant looking to live affordably while building equity, or an investor adding a stabilized triplex with room to grow rents, 1509 S Duluth checks every box.
Location
State SD
County Minnehaha
Area Sf60
Rooms
Basement Comp Unfinished, Partial
Interior
Heating Hot Water, Baseboard
Flooring Carpet, Vinyl, Luxury Vinyl Plank
Exterior
Exterior Feature Stucco/Drivit, Metal/Vinyl
Roof Type Shingle Composition
Building
Foundation Block
Sewer City Sewer
Water City Water
Schools
Elementary Schools Lowell Es
Middle Schools Patrick Henry Ms
High Schools Roosevelt Hs
School District Sioux Falls
Others
Miscellaneous Separate Meters
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LIsted by 605 Real Estate LLC • Blake Bohner
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