TBD 1954-1984 Russell Street, Spearfish, SD 57783

Building Details

Year built

2022

Number of units

22

Building materials

Frame

Roof type

Composition

Architectural style

Other

Listing agent Heath Gran License #SD 12630 Show Phone

Listing office Great Peaks Realty h***@rushmore.com 115 E Hudson, Spearfish, SD Show Phone

Listing date Oct 23, 2024

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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.

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Overview

The Russell Street Duplexes comprise a total of 22 rental units, built as modern, apartment-style residences. Units are fully appliance furnished and feature an open-concept layout anchored by a large, stationary island. Each unit includes two bedrooms, with one bedroom offering an ensuite, plus two full bathrooms and an in-unit laundry room. The duplex configuration includes upstairs and downstairs units, and every unit has a deck or patio along with off-street parking.

On the existing site, there are 11 buildings containing the 22 units currently in place. The development is approved for additional structures, with full buildout contemplated as 21 structures totaling 42 units.

This property is well suited for investors seeking a multi-unit rental portfolio with turn-key furnishing and consistent unit design across the duplexes. The combination of private outdoor space, in-unit laundry, and off-street parking supports day-to-day tenant comfort and convenience. The offering is also positioned for expansion given the stated approved development plan.

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

• Map
• Local Demand

City

Spearfish

County

Lawrence

State

South Dakota

Longitude

-103.8890175

Latitude

44.5270637

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FAQs

What type of property is this?

Duplex - Fully appliance-furnished duplex units with off-street parking and private decks/patios for a turn-key rental setup.

Where is this duplex 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: Russell Street duplex project with 22 rental units across 11 buildings on‑site; Site completed in 2022 with 100% occupancy since completion; Each unit offers 2 bedrooms, 2 full bathrooms, and a laundry room with open concept layout