Furnished Duplex Rental
For Sale
$5,685,000
TBD 1954-1984 Russell Street, Spearfish, SD 57783
MULTI_FAMILY - Spearfish, SD
Property SizeContact for details
Lot Size3.25 Acres
Days on Market659
Property Features for TBD 1954-1984 Russell Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Paved Street
Subdivision
The Reserve On Higgins Creek
Elementary school district
Spearfish
Middle school district
Spearfish
High school district
Spearfish
Directions
From Spearfish, head north on Old Belle Rd. Turn right onto Russell St. Duplexes are on the left.
Standard status
Active
Lot size
3.25 Acres
Building Details
Year built
2022
Number of units
22
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Great Peaks Realty
(605) 717-7325
Listed By:
Heath Gran · License #12630
(605) 209-2052
Added: Oct 23, 2024
Changed: Jun 18
Last Checked: Aug 12 at 9:06AM
MLS# 82169
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.
The Russell Street Duplexes comprise a total of 22 rental units, built as modern, apartment-style residences. Units are fully appliance furnished and feature an open-concept layout anchored by a large, stationary island. Each unit includes two bedrooms, with one bedroom offering an ensuite, plus two full bathrooms and an in-unit laundry room. The duplex configuration includes upstairs and downstairs units, and every unit has a deck or patio along with off-street parking.
On the existing site, there are 11 buildings containing the 22 units currently in place. The development is approved for additional structures, with full buildout contemplated as 21 structures totaling 42 units.
This property is well suited for investors seeking a multi-unit rental portfolio with turn-key furnishing and consistent unit design across the duplexes. The combination of private outdoor space, in-unit laundry, and off-street parking supports day-to-day tenant comfort and convenience. The offering is also positioned for expansion given the stated approved development plan.
On the existing site, there are 11 buildings containing the 22 units currently in place. The development is approved for additional structures, with full buildout contemplated as 21 structures totaling 42 units.
This property is well suited for investors seeking a multi-unit rental portfolio with turn-key furnishing and consistent unit design across the duplexes. The combination of private outdoor space, in-unit laundry, and off-street parking supports day-to-day tenant comfort and convenience. The offering is also positioned for expansion given the stated approved development plan.
Key Highlights
- Russell Street duplex project with 22 rental units across 11 buildings on‑site
- Site completed in 2022 with 100% occupancy since completion
- Each unit offers 2 bedrooms, 2 full bathrooms, and a laundry room with open concept layout
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 57783, SD
16,165
Population
8,347
Households
1.9
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
213.2 sq mi
ZIP Area
76
Density / Sq Mi
$64,970
Median Household Income
$35,014
Median Earnings
$946
Median Rent
$332,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully appliance-furnished duplex units with off-street parking and private decks/patios for a turn-key rental setup.
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: Russell Street duplex project with 22 rental units across 11 buildings on‑site; Site completed in 2022 with 100% occupancy since completion; Each unit offers 2 bedrooms, 2 full bathrooms, and a laundry room with open concept layout
