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    437 Montgomery St Custer, SD 57730

    For Sale
    $1,650,000

    Business/Land/Building(s) - Custer, SD

    Property size:
    9,800 SF
    Lot size:
    0.57 Acres
    Days on Market:
    187
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 437 Montgomery St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Assigned, Parking Lot, Paved or Surfaced
    Interior features
    High Visibility, View
    Exterior features
    Highway Access, Hi-traffic Location
    Basement Y/N
    1
    Size
    9,800 SF
    Lot size
    0.57 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Floors in Building
    2
    Architectural style
    Other

    Lampert Properties (605) 673-4567 [email protected]

    Listing agent Phil Lampert (605) 673-4567

    Listing date Jun 3, 2025

    MLS# 84679 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

    Custer Flats: Renovated Apartment Complex

    Custer Flats presents an investment opportunity with a 13-unit apartment complex situated on the north edge of Custer, at the corner of Montgomery Street and US Highway 385/North 5th Street. The property, encompassing 0.57 acres, has undergone a comprehensive renovation, including updated plumbing, electrical systems, roofs, windows, and parking lots. The interiors have been completely redone with new appliances, flooring, and fixtures. The complex comprises a mix of unit sizes: one three-bedroom/two-bath unit, five two-bedroom/two-bath units, five one-bedroom/one-bath units, and two efficiency units, totaling approximately 9800 square feet of living area. The property has been fully leased since the renovation, experiencing minimal vacancies. Heating and cooling are provided by individual PTAC units, and each unit has a separate electrical meter. Tenants are responsible for electric and water/sewer, while the landlord covers garage, propane, and snow removal expenses. Financial details are available subject to a signed confidentiality agreement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Custer
    County
    Custer
    State
    South Dakota
    Longitude
    -103.602495
    Latitude
    43.769824

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    FAQs

    What type of property is this?
    Apartment building - Thirteen-unit apartment complex in Custer, SD, fully renovated and leased.
    Where is this apartment building located?
    The property is located at 437 Montgomery St Custer, SD.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Fully leased 13-unit apartment complex with very few vacancies.; - **Recently renovated from top to bottom**, including updated plumbing, electrical, roofs, windows, parking lots, and all new interiors, appliances, flooring, and fixtures.; - Diverse unit mix: 1 three-bedroom, 5 two-bedroom, 5 one-bedroom, and 2 efficiency units.
    (605) 673-4567
    Request Owner's contact information
    437 Montgomery St Custer, SD 57730
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    Custer, SD 57730
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    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
    437 Montgomery St Custer, SD 57730
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