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    1931-1984 Russell St Spearfish, SD 57783

    For Sale
    $3,799,000

    Duplex, Up & Down - Spearfish, SD

    Type:Duplex
    Lot size:
    3.25 Acres
    Days on Market:
    274
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1931-1984 Russell St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Interior features
    Smoke Detectors
    Exterior features
    Paved Street
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Lot size
    3.25 Acres

    Building Details

    Year built
    2022
    Number of units
    14
    Roof type
    Composition
    Architectural style
    Other

    Great Peaks Realty Munro & Gran LLC (605) 209-2052 [email protected]

    Listing agent Heath Gran (605) 717-7325

    Listing date Mar 7, 2025

    MLS# 82169 Listing URL

    Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spearfish Duplex Investment Opportunity

    The Russell Street Duplexes, located in the Commons at the Reserve in Spearfish, present a fantastic investment opportunity. These modern, fully appliance-furnished, apartment-style duplexes feature upstairs and downstairs units. Each duplex provides 836 square feet of living space, showcasing an open concept layout with a large stationary island. Each unit is complimented with 2 bedrooms, including one ensuite, 2 full bathrooms, and a laundry room. Each unit also includes a deck or patio and off-street parking spaces. The property spans a lot size of 3.25 acres. These units have maintained 100% occupancy since completion. Currently, the site includes 7 buildings with a total of 14 units. The full development is approved for 21 structures, allowing for a total of 42 units.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.88901759392
    Latitude
    44.527063685202

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    FAQs

    What type of property is this?
    Duplex - Modern duplexes with high occupancy and expansion potential in Spearfish.
    Where is this duplex located?
    The property is located at 1931-1984 Russell St Spearfish, SD.
    What is the asking price?
    The asking price for this property is $3,799,000.
    What are key features of this property?
    This property features: - Fully furnished, modern apartment-style units.; - Proven investment opportunity with 100% occupancy.; - Open concept layout with 2 bedrooms and 2 full bathrooms per unit.
    (605) 717-7325
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1931-1984 Russell St Spearfish, SD 57783
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