Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    314 5Th St Spearfish, SD 57783

    For Sale
    $659,000

    2 Story, Other - Spearfish, SD

    Property size:
    4,305 SF
    Days on Market:
    116
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 314 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Interior features
    Smoke Detectors
    Exterior features
    Paved Street
    Basement Y/N
    1
    Size
    4,305 SF

    Utilities

    Heating system
    Baseboard, Electric (Heating), Natural Gas, Wall Furnace

    Building Details

    Year built
    1952
    Floors in Building
    2
    Number of units
    5
    Building materials
    Stucco
    Roof type
    Metal
    Architectural style
    Other

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

    Listing agent Heath Gran (605) 717-7325

    Listing date Aug 12, 2025

    MLS# 83608 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 5-Plex Investment Opportunity

    This 5-plex presents an investment opportunity in downtown Spearfish. The property is currently operating at 100% occupancy. Four of the five apartment units have been remodeled, featuring new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks, and toilets. The unit mix includes four 1-bedroom, 1-bathroom apartments, and one larger 2-bedroom, 1-bathroom basement unit. The basement also provides a common laundry room area. Exterior amenities include a detached garage accessed from the alley, additional parking spaces, and front off-street parking. A new roof is planned for summer 2025. The building has 4305 square feet of living area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.859053
    Latitude
    44.485899

    Nearby Similar for Sale

    • $3,200,000
      63,000 SF

      Iconic Mixed-Use Building in Spearfish

      Mixed-use property with retail, office, and residential units in Spearfish.
      604 Main St, Spearfish, SD 57783
      View Details
    • New
      $900,000
      3,950 SF

      Spearfish Investment Property on Acreage

      Investment property with duplex, barn, and expansion potential on 1.62 acres.
      3225 Old Belle Rd, Spearfish, SD 57785
      View Details
    • $575,000
      3,782 SF

      Spearfish Duplex Opportunity with Garages

      Duplex opportunity near Spearfish with garages and spacious pole barn.
      262 Upper Valley Rd, Spearfish, SD 57783
      View Details
    • $998,500
      2,400 SF

      Renovated Commercial Building with Spa

      Completely renovated commercial building with tenants in place.
      747 Ames Ave, Spearfish, SD 57783
      View Details
    • $999,999
      4,286 SF

      Renovated Office Plaza on Main

      Main Street office building with flexible suites and recent renovations.
      211 N Main St, Spearfish, SD 57783
      View Details
    • $425,000
      3,071 SF

      Spearfish Duplex with Updated Unit

      Up/down duplex in Spearfish, ideal for investment or multi-generational living.
      205 Upper Valley Rd, Spearfish, SD 57783
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-plex with remodeled units and new roof.
    Where is this apartment building located?
    The property is located at 314 5Th St Spearfish, SD.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: - 100% occupancy rate as a 5-plex rental investment in downtown Spearfish.; - Four of the five units have been remodeled with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets.; - Includes a larger 2-bedroom, 1-bathroom basement unit.
    (605) 717-7325
    Request Owner's contact information
    314 5Th St Spearfish, SD 57783
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    314 5Th St
    Spearfish, SD 57783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    314 5Th St Spearfish, SD 57783
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.