1509 S Duluth AveSioux Falls, SD 57105

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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1880

Living area

2,248 Sq Ft

Lot size

0.20 acres

Lot dimensions

66x131

Days on market

92

MLS^® Listing#

22607888

Property Features

Exterior

Barbecue

Appliances

Refrigerator · Range · Washer · Dryer

Cooling

Other · Window Unit(s)

Heating

Hot Water · Baseboard

Flooring

Carpet · Vinyl

Basement

Unfinished · Partial

Parking

Paved

Construction

Vinyl Siding · Stucco

Foundation

Block

Roof

Composition

Security

Gated with Guard · Smoke Detector(s)

Sewer

Public Sewer

Water source

Public

Parcel number

41644

Schools

Elementary

Lowell ES

Middle

Patrick Henry MS

High

Roosevelt HS

Directions

22nd & Minnesota, West to Duluth, then south.