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1931-1984 Russell Street Spearfish, SD 57783

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For Sale
$4,349,000

Duplex, Up & Down - Spearfish, SD

Type:Duplex
Lot size:
3.25 Acres
Added:
Oct 23, 2024
Days on Market:
526
Last Refresh:
Apr 1 at 10:06 pm

Property Features for 1931-1984 Russell Street

General Information

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

Building Details

Year built
2022
Number of units
18
Roof type
Composition
Architectural style
Other

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Listing Contact
Heath Gran

Listing agent Heath Gran

Listing office Great Peaks Realty 115 E. Hudson, Spearfish, SD

Listing date Oct 23, 2024

MLS# 82169 Listing URL

Copyright © 2026 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, situated in the Commons at the Reserve in Spearfish, present a modern investment opportunity. These apartment-style units feature an upstairs and downstairs layout and come fully furnished with appliances. Each duplex provides 836 square feet of living space, incorporating an open-concept design with a large stationary island. The layout includes two bedrooms, one of which is ensuite, along with two full bathrooms and a laundry room. Each unit also features a deck or patio and off-street parking spaces. The property currently consists of 7 buildings, totaling 14 units, and maintains 100% occupancy. Expansion plans are in place for the Spring of 2026, with the addition of 2 new buildings, bringing the total to 18 rental units. The full development is approved for 21 structures, accommodating a total of 42 units. The property is located on a 3.25-acre lot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Spearfish
County
Lawrence
State
South Dakota
Longitude
-103.8890176
Latitude
44.5270637

FAQs

What type of property is this?
Apartment building - Income-producing duplexes with expansion potential in Spearfish, South Dakota.
Where is this apartment building located?
The property is located at 1931-1984 Russell Street Spearfish, SD.
What is the asking price?
The asking price for this property is $4,349,000.
What are key features of this property?
This property features: Income‑producing property with 100% occupancy rate.; Expansion potential: Approved for a total of 42 units, with 18 units available Spring 2026.; Modern, fully furnished apartment‑style duplexes.
More about this property
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