Downtown 5-Plex Residential
314 5th Street Spearfish, SD 57783
For Sale
$659,000
MULTI_FAMILY - Spearfish, SD
Property Size4,305 SF
Price / SF$153.08
Days on Market141
Property Features for 314 5th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6
- Exterior features
- Paved Street
- Standard status
- Active
- Size
- 4,305 SF
Utilities
- Heating system
- Wall Furnace, Natural Gas, Electric (Heating), Baseboard
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1952
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Metal
- Architectural style
- Other
Listing Agency:
Great Peaks Realty
(605) 717-7325
Listed By:
Heath Gran · License #12630
(605) 209-2052
Added: Mar 9
Changed: Jul 11
Last Checked: Jul 27 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This residential income property is a 5-plex apartment building in Spearfish, offering four 1-bedroom, 1-bath units and one larger basement unit with 2 bedrooms and 1 bathroom. The basement level also includes a common laundry room area. Public remarks indicate that four of the five units have been remodeled with updated appliances and fixtures, flooring, cabinets, vanities and countertops, sinks, and toilets.
The property includes a detached garage that is accessed from the alley, along with additional parking and front off-street parking. A brand-new roof was installed in summer 2025.
For tenants, the mix of unit sizes can support different household needs, including both 1-bedroom and a 2-bedroom option, while the common laundry area provides shared in-building convenience. For buyers or operators, the recently remodeled unit interiors and recent roof replacement may help reduce near-term capital concerns, and the on-site parking and alley-access garage are practical features for day-to-day operations.
The property includes a detached garage that is accessed from the alley, along with additional parking and front off-street parking. A brand-new roof was installed in summer 2025.
For tenants, the mix of unit sizes can support different household needs, including both 1-bedroom and a 2-bedroom option, while the common laundry area provides shared in-building convenience. For buyers or operators, the recently remodeled unit interiors and recent roof replacement may help reduce near-term capital concerns, and the on-site parking and alley-access garage are practical features for day-to-day operations.
Key Highlights
- 5‑plex in downtown Spearfish with 100% occupancy reported
- All units are 1‑bedroom, 1‑bathroom; basement unit is 2‑bedroom, 1‑bathroom
- 4 of 5 units remodeled with new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit apartment building with updated interiors, detached garage access, and an on-site common laundry area.
Where is this apartment building located?
The property is located at 314 5th Street 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: 5‑plex in downtown Spearfish with 100% occupancy reported; All units are 1‑bedroom, 1‑bathroom; basement unit is 2‑bedroom, 1‑bathroom; 4 of 5 units remodeled with new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets
