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Duplex Rental Expansion Property

TBD 1954-1984 Russell Street Spearfish, SD 57783

TBD 1954-1984 Russell Street, Spearfish, SD, 57783
$5,685,000
For Sale
$5,685,000

Apartment-style duplexes offer furnished 2-bedroom units with private decks and off-street parking.

Days on Market637

Property Features for TBD 1954-1984 Russell Street

General Information

Standard status
Active
Property subtype
Multi Family

Building Details

Year Built
2022
Listing agency Great Peaks Realty
Listed by Heath Gran · License #304
Source Exitrealty
Added: Oct 23, 2024 Updated: Jul 21 at 7:47AM Checked: Jul 21 at 7:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Great Peaks Realty


Investment Insights

Based on property information with market context.

The Russell Street Duplexes represent a rental expansion with apartment-style units that are fully appliance furnished. The site includes a total of 22 rental units in its current configuration, with upstairs and downstairs units within duplex buildings. Each unit is described as offering an open concept layout with a large stationary island, two bedrooms (with one ensuite), two full bathrooms, and an in-unit laundry room. Each unit also includes a deck or patio and off-street parking.

The property is described as having 11 buildings with 22 units currently, and a development plan that is approved for 21 structures (42 units) in total. The units are reported to be at 100% occupancy since completion.

Development scope is presented as approved for additional structures beyond the existing site count, creating a build-out framework within the Russell Street duplex project.

Key Highlights

  • Year built 2022 Russell Street duplex development with 22 apartment‑style rental units
  • Each unit features 2 bedrooms (one ensuite), 2 full bathrooms, and an in‑unit laundry room
  • 836 sq ft per duplex with an open‑concept layout and large stationary island

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Apartment-style duplexes offer furnished 2-bedroom units with private decks and off-street parking.
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: Year built 2022 Russell Street duplex development with 22 apartment‑style rental units; Each unit features 2 bedrooms (one ensuite), 2 full bathrooms, and an in‑unit laundry room; 836 sq ft per duplex with an open‑concept layout and large stationary island
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