514 W 2nd Ave
Mitchell, SD 57301
Studio
3,836 sqft
Studio
3,836 sqft
Home Highlights
Parking
Garage
Climate Control
Heating & Cooling
Price/Sqft
$65
Listed
Less than a day ago
Local Information
- Map ViewExplore the area around 514 W 2nd Ave.
- Schools2 Elementary Schools2 Middle Schools2 High Schools
- Shop & Eat
-- mins to
About this House
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 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 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!
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 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!
Home Details for 514 W 2nd Ave
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Interior Details Basement: Partial |
Dimensions and Layout Living Area: 3836 Square Feet |
Appliances & Utilities Appliances: Dryer, Hood/Fan, Microwave, Range/Oven, Refrigerator, WasherDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: BaseboardHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Baseboard |
Levels, Entrance, & Accessibility Stories: 2 |
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Exterior Home Features Roof: AsphaltFoundation: Block |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Garage: DetachHas a GarageNo Attached GarageParking Spaces: 2Parking: Garage |
Frontage Not on Waterfront |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 1915 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl Siding, Frame |
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Price List Price: $250,000Price Per Sqft: $65 |
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MLS Status: Active |
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Direction & Address City: Mitchell |
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Listing Agent Listing ID: 26-349 |
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Building Area Building Area: 3836 Square Feet |
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Lot Area: 10018.8 sqft |
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Expense Tenant Pays: Electricity |
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Owner Pays: Gas, Sewer, Water |
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BasementMls Number: 26-349 |
Last check for updates: about 8 hours ago
Listing courtesy of Pamela Bathke, (605) 770-2303
Ace Realty, LLC
Source: Mitchell BOR, MLS#26-349
Also Listed on Mitchell BOR.
Market trends in Mitchell
Last updated June 2026
Avg. sale price
$260K
Sale-to-List Price
98.1%
Price per sq ft
$138
Available listings
69
1MoM
Price History for 514 W 2nd Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/27/2026 | $250,000 | Listed For Sale | Mitchell BOR #26-349 |
| 01/03/2026 | $235,000 | ListingRemoved | Huron BOR #25-262 |
| 09/23/2025 | $235,000 | Listed For Sale | Huron BOR #25-262 |
| 10/04/2002 | $59,300 | Sold | Mitchell BOR #02-190 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,405 |
| Assessment | $169,414 |
Home facts updated by county records
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Assigned Schools
These are the assigned schools for 514 W 2nd Ave.
- Mitchell Middle School - 02
- 6-8
- Public
- 578 Students
8/10GreatSchools RatingParent Rating AverageGreat school! They have good, qualified teachers. The school is clean. Provides a good learning experience for children.Parent Review7y ago - Mitchell High School - 01
- 9-12
- Public
- 879 Students
4/10GreatSchools RatingParent Rating AverageGreat teachers and leadership just the facilities are low qualityOther Review9y ago - L B Williams Elementary - 03
- K-5
- Public
- 438 Students
6/10GreatSchools RatingParent Rating AverageN/AParent Review19y ago - Abbott House Elementary - 06
- K-8
- Public
- 13 Students
NAGreatSchools RatingParent Rating Average
No reviews available for this school. - Abbott House High School - 07
- 9-12
- Public
- 18 Students
NAGreatSchools RatingParent Rating AverageNo reviews available for this school. 
Check out schools near 514 W 2nd Ave.
What Locals Say about Mitchell
At least 19 Trulia users voted on each feature.
91 % Say parking is easy
88 % Say car is needed
88 % Say there are sidewalks
84 % Say it's dog friendly
80 % Say yards are well-kept
75 % Say kids play outside
68 % Say there's holiday spirit
68 % Say people would walk alone at night
57 % Say it's walkable to grocery stores
56 % Say neighbors are friendly
55 % Say it's quiet
52 % Say it's walkable to restaurants
52 % Say streets are well-lit
45 % Say they plan to stay for at least 5 years
40 % Say there's wildlife
31 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Pamela Bathke, Ace Realty, LLC
Agent Phone: (605) 770-2303
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
514 W 2nd Ave, Mitchell, SD 57301 is a studio, 3,836 sqft multi-family built in 1915. This property is currently available for sale and was listed by Mitchell BOR on Jul 27, 2026. The MLS # for this home is MLS# 26-349.