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1035 N Spring Ave, Sioux Falls, SD, 57104

4beds
4baths
2,256sqft
$479,000
$212price/sqft
$3,609/moest. monthly cost
$144,360/yrincome needed

About This Home

This fully furnished four-plex was extensively updated and remodeled in 2009. The property is currently operated as mid-term housing for traveling nurses and has also been successfully utilized in the past as an Airbnb investment property. We have owned this property for 17 years, and it has performed very well for us over that time. Please contract us for more information and a P&L for the first 6 months of 2026.

Getting Around

62
WalkingSomewhat Walkable
22
TransitMinimal Transit
57
BikeBikeable

Schools

2/10
Hawthorne Elementary - 56Grades PK-50.4 mi
6/10
Lincoln High School - 02Grades 9-123.1 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Crawl/Raised
  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily

Interior

Appliances

  • Appliances included: Dryer,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • 3/4 bathrooms: 4

Features

  • Flooring: Tile,Hardwood

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: Wall

Interior Area

  • Total interior livable area: 2,256 sqft

Property

Details

  • Parcel number: 27466

Features

  • Exterior features: Vinyl
  • Has spa: Yes
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 0.32 Acres

Parking

  • Parking features: Off-street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Ice Storm
    Ice StormVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Tornado
Winter Weather
Inland Flooding
Strong Wind
Hail
Heat Wave

FEMA Declared Disasters in Minnehaha County and South Dakota

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,422$29,064
Home Insurance $370$4,440
Property Taxes $645$7,740
Electricity $172$2,067
Total$3,609$43,308

Income You'd Need if You Spent...

35% on housing$123,737/yr
40% on housing$108,270/yr
45% on housing$96,240/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.6%
12.6%
0%30.0%
Electricity Growth Rate10-year average: 2.1%
2.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$212This listing

vs Other Active Listings

Avg $/sqft

ZIP 57104$144
Minnehaha County$183

vs Homes Sold Last Month

Median $/sqft

ZIP 57104$166
Minnehaha County$179

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-02Listed for sale$479,000
2026-01-13Listing removed$499,900
2025-10-08Price change$499,900
2025-07-11Price change$529,900
2025-04-23Listed for sale$549,900
2024-09-30Listing removed$545,900
2024-08-27Listed for sale$545,900
2024-01-02Listing removed--
2023-11-06Price change$579,900
2023-08-16Listed for sale$624,900
2008-09-30Sold$56,000

For Sale by Owner

AgentProperty Owner

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