514 W 2nd Ave, Mitchell, SD 57301 (MLS# 26-502)

$239,000
514 W 2nd Ave
Mitchell, SD 57301
MLS# 26-502
5 beds  |  3.5 baths  |  3536 sqft
Front of House
  1 / 52  
Front of House Front of House Front of House Front side yard IMG_4022 Main Level-Living Area Main Level-Living Area Main Level-Kitchen Main Level-Kitchen and Dining Main Level-Kitchen Main Level-Dining Area Main Level-Dining Area Main Level-Master Bedroom Main Level-Master Bedroom Main Level-Half Bath off Master Main Level-Bedroom Two Main Level-Bedroom Two Main Level-Full Bathroom- Main Level-Full Bathroom- Main Level-Full Bathroom Main Level-Laundry Area Main Level-Bedroom Three Main Level-Bedroom Three 2nd Floor Unit-Nook in Living Area 2nd Floor Unit-Living Area 2nd Floor Unit-Living Area 2nd Floor Unit-Living Area 2nd Floor Unit-Kitchen 2nd Floor Unit-Kitchen 2nd Floor Unit-Kitchen IMG_4039 2nd Floor Unit-Bedroom One 2nd Floor Unit-Bedroom One IMG_4042 2nd Floor Unit-Bathroom 2nd Floor Unit-Bathroom Outside Entrance to Basement Basement Stairwell Kitchen Area in Basement Dining Area in Basement Space in Basement Space in Basement Basement Bathroom Back yard Back yard Back yard 26' x 26' Garage Garden Garden Garden Garden Garden

Property Description
Outstanding Investment Opportunity with Seller-Estimated Potential for a 10% Cap Rate! Don't miss this exceptional income-producing property. This spacious property features numerous updates, including newer siding, roof, and windows in 2014, kitchen improvements on the main level and updated flooring in the past 2-3 years. Each unit has a separate entrance and offers generous living space and

Details
Maps
Documents
General Property Description
Total Above Grade SqFt: 2936
Total Below Grade SqFt: 1468
Realtor.COM Type: Residential - Single Family
Total Below Grade Finished SqFt: 900
Lot Size: 70' x 142'
Lot Acres: 0.23
Waterfront YN: No
Legal: LT 9 & W20' LT 10 BLK 95 JOHN LAWLER'S 1ST ADDN-NE
Stories: 2
Total 3/4 Baths: 1
Total Half Baths: 1
Garage Stall: 2
Garage Type: Detach
Total Finished SqFt.: 3536
Age: 1915
Total Bedrooms: 5
Total Bathrooms: 3.5
Total Full Baths: 2
Ammenities
Fire Place: 1
Construction
Exterior Const: Vinyl
Roof: Asphalt Shingles
Construction: Frame
Foundation
Block: 1
Basement
Partial: 1
Appliances
Hood/Fan: 1
Microwave: 1
Range/Oven: 1
Refrigerator: 1
DRYER: 1
WASHER: 1
Style
Two Story: 1
Style Sub-Type
Standard Basement (In-Ground): 1
Utilities
Air Conditioning: Window
Heat Fuel: Natural Gas
Heat Type: Hot Water
Sewer: City
Contract Information
Current Price: $239,000
Book Section: Residential
Begin Date: 2026-09-08
Status: Active
List Price: $239,000
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
Property Features
Ammenities: Fire Place
Foundation: Block
Basement: Partial
Style: Two Story
Style Sub-Type: Standard Basement (In-Ground)
Appliances: Hood/Fan; Microwave; Range/Oven; Refrigerator; DRYER; WASHER
Supplements
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 upper-level unit offers large bedrooms, a spacious living area, and an inviting eat-in kitchen. The basement provides additional functional living space, complete with a kitchenette and a three-quarter bathroom. Bedroom is non-conforming. Outside, you'll appreciate the 2-stall 26 x 26 detached garage and additional rear parking with convenient alley access, a partially fenced yard and beautiful flower and vegetable gardens that enhance the property's charm and appeal. Whether you're looking to expand your investment portfolio or occupy one unit while generating income from the others, this property offers exceptional value, space, and income potential. Schedule your showing today!
Listing Office: Ace Realty, LLC

Last Updated: October - 09 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products