5-Unit Apartment
314 5TH ST, Spearfish, SD 57783
For Sale
$659,000
MULTI-FAMILY, Spearfish, SD
Property SizeContact for details
Days on Market249
Property Features for 314 5TH ST
General Information
Property type
Property subtype
Bedrooms
Rooms
Subdivision
Lot features
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Elementary school district
Middle school district
High school district
Directions
Standard status
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Utilities
Heating system
Amenities
common laundry room
Building Details
Number of units
Listing Agency:
Great Peaks Realty
(605) 717-7325
Listed By:
Heath Gran · License SD #1984
(605) 209-2052
Added: Mar 9
Changed: Nov 2
Last Checked: Nov 12 at 7:06PM
MLS# 87691
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.
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Investment Insights
Based on property information with market context.
This five-unit apartment property in downtown Spearfish includes four one-bedroom, one-bathroom apartments and a larger basement apartment with two bedrooms and one bathroom. Four units have received interior updates, including new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets. A shared laundry room is located in the basement, and the building received a new roof in summer 2025.
A detached garage is accessed from the alley. Parking is also available off street at the front of the property and in an additional area.
A detached garage is accessed from the alley. Parking is also available off street at the front of the property and in an additional area.
Key Highlights
- Five apartments; four have one bedroom and one bathroom, while the basement unit has two bedrooms and one bathroom
- Four units updated with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets
- New roof installed in summer 2025
Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes a shared laundry room, a detached garage, and off-street parking.
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: Five apartments; four have one bedroom and one bathroom, while the basement unit has two bedrooms and one bathroom; Four units updated with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets; New roof installed in summer 2025
