Search
40-Unit Apartment Property
For Sale
Contact for pricing

1500 & 1500A 7th Avenue, Belle Fourche, SD 57717

Two-building multifamily asset with a HAP contract that transfers to the new owner.

Property SizeContact for details
Days on Market142

Property Features for 1500 & 1500A 7th Avenue

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 40

Building Details

Buildings 2
Listing Agency: The Real Estate Center of Spearfish
Listed By: Kade Welfl · License #15508
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 29 at 1:22PM

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 The Real Estate Center of Spearfish

Investment Insights

Based on property information with market context.

South Park Apartments is a 40-unit multifamily property comprising two buildings at 1500 and 1500A 7th Avenue in Belle Fourche, South Dakota. The buildings have been cared for over time and are described as being in excellent condition.

A HAP contract is currently in place and must transfer to the new owner. The property is within walking distance of the REC Center, City Park, and a grocery store, placing everyday recreation, services, and shopping nearby.

Key Highlights

  • 40‑unit apartment property in Belle Fourche, SD
  • Two‑building multifamily configuration
  • HAP contract in place and required to transfer to the new owner

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy Big Box & Wholesale Store Dental Office Building Supply Electrical Service Hair Salon

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

40
Residential units

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby

Demographics for 57717, SD

8,242
Population
3,832
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
1,364.4 sq mi
ZIP Area
6
Density / Sq Mi
$71,326
Median Household Income
$39,197
Median Earnings
$937
Median Rent
$215,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Two-building multifamily asset with a HAP contract that transfers to the new owner.
Where is this apartment building located?
The property is located at 1500 & 1500A 7th Avenue Belle Fourche, SD.
What are key features of this property?
This property features: 40‑unit apartment property in Belle Fourche, SD; Two‑building multifamily configuration; HAP contract in place and required to transfer to the new owner
(605) 210-0010 Call to check price and availability
More about this property
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