Attention Please: If you are looking to build wealth through real estate, this property deserves your SERIOUS consideration! You just found the ultimate House Hack! Bringing the rent rates up to match the market area, has created an 8.6% Cap Rate, making this a fabulous addition to your rental portfolio! If you've never owned an investment property before, here's your opportunity to give the landlord life a whirl and see what passive income is all about. This is literally the PERFECT PROPERTY to create generational wealth. Not only is there a well established rental history here with rare vacancy since 2018, but each unit has 3 bedrooms (all on the same level), large living room, dining room, remodeled kitchen, hardwoods on the main, full bath, rear entry, enclosed front porch with french doors, full basement and their own washer and dryer. Both Central Air units were new in 2020, Furnaces are 2014 & 1992, Roof 2016, Kitchen Remodels 2019, Windows 2019, Sewer Stack 2024, Interior & Exterior paint 2019.
Sold for $245,000 on 01/31/25
$245,000
915 W 15th St, Sioux Falls, SD 57104
--beds
--baths
2,808sqft
Multi Family
Built in 1923
-- sqft lot
$248,200 Zestimate®
$87/sqft
$1,109 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: February 06, 2025 at 08:09am
Listed by:
Jackie M Fischer,
Better Homes and Gardens Real Estate Beyond
Bought with:
Jennie M Sorenson
Source: Realtor Association of the Sioux Empire,MLS#: 22407308

Facts & features
Interior
Heating
- Forced Air, Natural Gas, Two or More Units
Cooling
- Electric, Other
Appliances
- Included: Dryer, Range, Refrigerator, Washer
Features
- Flooring: Carpet, Ceramic Tile, Concrete, Laminate, Tile, Wood
- Basement: Full
Interior area
- Total structure area: 3,744
- Total interior livable area: 2,808 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 2
- Entry location: Community,More than one per Unit,Private
Lot
- Size: 3,301 sqft
- Dimensions: 66 x 50
Details
- Parcel number: 31633
- Zoning: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Separate Meters
Community & neighborhood
Security
- Security features: Gated with Guard, Security Lights, Smoke Detector(s)
Location
- Region: Sioux Falls
- Subdivision: Folsom 2nd Addn
Other
Other facts
- Listing terms: FHA