22-Unit Apartment
For Sale
$5,685,000
TBD 1954-1984 Russell Street, Spearfish, SD 57783
MULTI-FAMILY, Up & Down, Spearfish, SD
Property SizeContact for details
Lot Size3.25 Acres
Days on Market667
Property Features for TBD 1954-1984 Russell Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Paved Street
Subdivision
The Reserve On Higgins Creek
Elementary school district
Spearfish
Middle school district
Spearfish
High school district
Spearfish
Directions
From Spearfish, head north on Old Belle Rd. Turn right onto Russell St. Duplexes are on the left.
Standard status
Active
Lot size
3.25 Acres
Amenities
deck/patio
laundry room
Building Details
Year built
2022
Number of units
22
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Great Peaks Realty
(605) 717-7325
Listed By:
Heath Gran · License #12630
(605) 209-2052
Added: Oct 23, 2024
Changed: Aug 19
Last Checked: Aug 20 at 7:06PM
MLS# 82169
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.
Investment Insights
Based on property information with market context.
This 22-unit apartment property comprises 11 frame duplex buildings completed in 2022. Each 836-square-foot unit includes two bedrooms, two full bathrooms, an open living plan, a large fixed island, a laundry room, full appliance packages, and a deck or patio. Off-street parking is provided for residents. The community has maintained 100% occupancy since completion.
The development occupies 3.25 acres along Russell Street in Spearfish, South Dakota, with a paved street serving the site. Current improvements represent the initial phase of a larger approved plan allowing 21 structures and up to 42 total units. Composition roofs and furnished apartment-style interiors are part of the existing improvements.
The development occupies 3.25 acres along Russell Street in Spearfish, South Dakota, with a paved street serving the site. Current improvements represent the initial phase of a larger approved plan allowing 21 structures and up to 42 total units. Composition roofs and furnished apartment-style interiors are part of the existing improvements.
Key Highlights
- 22 total rental units across 11 buildings
- Each unit measures 836 sq ft with 2 bedrooms and 2 full bathrooms
- Completed in 2022; 100% occupancy since completion
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 57783, SD
16,165
Population
8,347
Households
1.9
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
213.2 sq mi
ZIP Area
76
Density / Sq Mi
$64,970
Median Household Income
$35,014
Median Earnings
$946
Median Rent
$332,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern furnished apartments offer open layouts, private outdoor space, and dedicated off-street parking.
Where is this apartment building located?
The property is located at TBD 1954-1984 Russell Street Spearfish, SD.
What is the asking price?
The asking price for this property is $5,685,000.
What are key features of this property?
This property features: 22 total rental units across 11 buildings; Each unit measures 836 sq ft with 2 bedrooms and 2 full bathrooms; Completed in 2022; 100% occupancy since completion
