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Triplex with Electric Wall Furnace
For Sale
$249,500

1958 Junction Avenue, Sturgis, SD 57785

MULTI-FAMILY, Sturgis, SD

Property SizeContact for details
Days on Market72

Property Features for 1958 Junction Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Rooms Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Subdivision McMillan's South Addition
Elementary school district Meade
Middle school district Meade
High school district Meade
Directions Get off of I-90 and head N on Junction Avenue. Turn Right @ Park Street. The property will be on your left. Corner of Junction Avenue and Park Street
Standard status Active

Utilities

Heating system Electric (Heating), Wall Furnace

Building Details

Number of units 3
Building materials Frame
Roof type Composition
Listing Agency: The Real Estate Center of Spearfish
Listed By: Anari Hoff
Added: Jun 15 Changed: Aug 19 Last Checked: Aug 25 at 6:06AM
MLS# 89101

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 triplex includes three single-family homes currently generating rental income from long-term tenants. The property is a frame structure with a composition roof and is heated by electric wall furnaces. The homes are in need of significant updates and repairs, offering an opportunity for buyers to renovate and reposition the rental operation.

The property is located at 1958 Junction Avenue in Sturgis, South Dakota. The site is zoned single-family residential/commercial, which provides flexibility to continue the existing rental use, renovate for improved rents, or pursue redevelopment or teardown. Buyer is responsible for verifying all information on MLS documents.

Key Highlights

  • Three single‑family homes with long‑term tenants generating rental income
  • In need of significant updates and repairs
  • Zoned single‑family residential/commercial

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nail Salon Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Pharmacy Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

289
Businesses Nearby

Demographics for 57785, SD

9,895
Population
4,879
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
93%
High-School Grad
570.2 sq mi
ZIP Area
17
Density / Sq Mi
$59,311
Median Household Income
$34,403
Median Earnings
$842
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex property with three long-term rental homes needing significant updates and repairs.
Where is this triplex located?
The property is located at 1958 Junction Avenue Sturgis, SD.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Three single‑family homes with long‑term tenants generating rental income; In need of significant updates and repairs; Zoned single‑family residential/commercial
More about this property
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