514 W 2nd Ave, Mitchell, SD 57301 (MLS# 26-349)

514 W 2nd Ave, Mitchell, SD 57301

New Listing
$250,000
Property Type: MultiFamily Square Footage: 3,836 Status: Active
Current Price: $250,000 List Date: 7/27/2026 Last Modified: 7/28/2026

Overview

Description

Outstanding Investment Opportunity with Seller-Estimated Potential for a 10% Cap Rate! Don't miss this exceptional income-producing property that the seller estimates has the potential to achieve approximately a 10% cap rate based on projected income and expenses. This spacious property features numerous updates, including newer siding, roof, and windows in 2014, kitchen improvements on the main

Supplements: level and updated flooring in the past 2-3 years. Each unit has a separate entrance and offers generous living space and excellent rental income potential. The main-floor unit features a separate dining room, a cozy wood-burning stove in the living area, and a spacious primary suite complete with a private half bath and a large walk-in closet. The ...

Listing Details MLS# 26-349

Contract Information

Book Section
Residential
Begin Date
2026-07-27

Location Tax and Other Information

House Number
514
Street Direction Pfx
W
Street Name
2nd
Street Suffix
Ave
State/Province
SD
Postal Code
57301
County
Davison
Taxes
2346.54
Tax Year
2025

General Property Description

SqFt. 1
1468
SqFt. 2
1468
SqFt. 3
900
Age
1915
Realtor.COM Type
Multi-Family
Lot Acres
0.23
Stories
2
Garage Stall
2
Garage Type
Detach
Waterfront YN
No
Legal
LT 9 & W20' LT 10 BLK 95 JOHN LAWLER'S 1ST ADDN-NE
Total Finished SqFt.
3836

Construction

Construction
Frame
Exterior Const
Vinyl
Roof
Asphalt Shingles

Utilities

Heat
Baseboard
Air Conditioning
Window
Water Pd By
Owner
Sewer Pd By
Owner
Gas Pd By
Owner
Electric Pd By
Tenant

Foundation

Block
Yes

More Information

Basement

Partial
Yes

Appliances

Hood/Fan
Yes
Microwave
Yes
Range/Oven
Yes
Refrigerator
Yes
DRYER
Yes
WASHER
Yes

Property Features

Foundation: Block Basement: Partial Appliances: Range/Oven; Hood/Fan; Refrigerator; Microwave; DRYER; WASHER
Listing Office: Ace Realty, LLC
Last Updated: July - 28 - 2026
Information deemed reliable but not guaranteed.