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Sold for $235,000 on 03/14/25
  • $235,000

    301 S Wayland Ave, Sioux Falls, SD 57103

    --beds
    --baths
    2,227sqft
    Multi Family
    Built in 1885
    -- sqft lot
    $237,000 Zestimate®
    $106/sqft
    $1,468 Estimated rent

    Owner options

    List your home for rent

    $1,468/mo

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    $1,468/mo

    Rent Zestimate®

    Refinance and save

    $1,203/mo

    Est. payment

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    $1,203/mo

    Est. payment

    What's special

    Here’s your chance to step into real estate investing with this well-maintained duplex, owned by the same owner for 40 years! Whether you’re looking for a house hack opportunity—live in one unit while renting out the other—or want to maximize rental income, this property offers strong potential with a projected 8% Cap Rate and $27,000+ in Gross Revenue. The duplex features two separately metered units: Unit 1 offers 3 bedrooms, 2 baths (including a master bath), and 1,552 sq. ft. of living space, while Unit 2 includes 2 bedrooms, 1 bath, and 675 sq. ft. of living space. Tenants are responsible for Electric and Gas, while the owner covers water and sewer. Additional features include three individual garage stalls for tenant convenience, a furnace and AC that were replaced just three years ago, and shingles that were updated five years ago. Some flooring and paint have also been refreshed. Located in a desirable area close to schools and parks with strong rental demand, this duplex is a fantastic investment opportunity. Don’t miss out—schedule your showing today!

    Zillow last checked: 7 hours ago

    Listing updated: March 17, 2025 at 09:13am

    Listed by:

    Matt Mulder 605-336-3600,

    AMERI/STAR Real Estate, Inc.,

    Wes M Vis,

    AMERI/STAR Real Estate, Inc.

    Bought with:

    Taylor C Welk

    Source: Realtor Association of the Sioux Empire,MLS#: 22500864MLS Logo

    Facts & features

    Interior

    Heating
    • Forced Air, Natural Gas, Two or More Units
    Cooling
    • Electric
    Appliances
    • Included: Dryer, Range, Refrigerator, Washer
    Features
    • Flooring: Carpet, Laminate, Vinyl
    • Basement: Full
    Interior area
    • Total structure area: 2,227
    • Total interior livable area: 2,227 sqft

    Property

    Parking
    • Parking features: Detached
    Features
    • Stories: 3
    • Entry location: Community,Private
    Lot
    • Size: 5,806 sqft
    • Dimensions: 44 x 132
    Details
    • Parcel number: 043143

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Roof: Other,Composition
    Condition
    • Year built: 1885

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Sioux Falls
    • Subdivision: Phillips Addn To East Sioux Falls

    Other

    Other facts
    • Listing terms: Conventional