510 S Menlo Ave, Sioux Falls, SD 57104
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
510 S Menlo Ave,Sioux Falls, SD 57104
$449,000
- - Beds
- - Baths
- 3,570 sq. ft.
- Multi-family
- Active
Listed by: austin lueckeCell: 605-900-2407
Office: bender realtors
MLS#:22608422
Source:SD_RASE
Price summary
- Price:$449,000
- Price per sq. ft.:$125.77
About this home
Excellent opportunity for an owner-occupant looking to offset their mortgage with rental income or a real estate investor seeking to expand their portfolio! This fourplex features four spacious 2-bedroom, 1-bathroom units with several recent improvements and income-generating potential.
Units 1 and 2 feature private decks accessible through sliding glass doors, providing additional outdoor living space. Units 1 and 3 have received recent updates, including fresh paint, new flooring, trim, bathroom vanities, and toilets. Additional building improvements include a new water heater and coin-operated laundry machines in the shared laundry area.
The property offers a shared building entrance, convenient off-street parking, and a common laundry area that provides an additional income stream.
One unit is currently vacant, creating an excellent opportunity for an owner-occupant to move in while collecting rental income from the remaining three units, or for an investor to lease the unit at market rent and maximize the property's income potential.
Whether you're purchasing your first investment property, looking to house hack, or adding another multifamily asset to your growing portfolio, 510 S Menlo Avenue offers flexibility, recent improvements, and long-term investment potential....
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Home facts
- Year built:1966
- Subdivision & Development:Folsom 2nd Addn
- Listing ID #:22608422
- Added:1 day(s) ago
- Updated:November 10, 2026 at 12:55 AM
Rooms and interior
- Living area:3,570 sq. ft.
Structure and exterior
- Year built:1966
- Building area:3,570 sq. ft.
- Lot area:0.13 Acres
Schools
- High school:Thomas Jefferson High School
- Middle school:George McGovern MS - Sioux Falls
- Elementary school:Lowell ES
Finances and disclosures
- Price:$449,000
- Price per sq. ft.:$125.77
- Tax amount:$4,831
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