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Fourplex With Garage Parking
New
For Sale
$499,000

438 S 14th Street, Hot Springs, SD 57747

MULTI-FAMILY, Side/Side, Hot Springs, SD

Property Size5,160 SF
Lot Size0.30 Acres
Price / SF$96.71
Days on Market3

Property Features for 438 S 14th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Rooms Bedroom 7, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 5
Parking features Garage
Exterior features Paved Street
Subdivision Fargo-Prentice
Elementary school district Hot Springs
Middle school district Hot Springs
High school district Hot Springs
Directions Take University to 16th St. Take a left on 16th St to Canton Ave and continue for a couple blocks. Right onto 14th St., watch for sign. Straight across from Butler Park!!
Standard status Active
Size 5,160 SF
Lot size 0.30 Acres

Utilities

Heating system Electric (Heating), Baseboard
Cooling system Wall Unit(s)

Building Details

Year built 1984
Number of units 4
Building materials Frame
Roof type Composition
Architectural style Other
Listing Agency: Lewis Realty
Listed By: Faith Lewis · License #1045
Added: Sep 3 Changed: Sep 4 Last Checked: Sep 5 at 2:06AM
MLS# 90237

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 5,160-square-foot quadplex on a 0.3-acre parcel contains four residential units built in 1984. Each unit follows a two-level layout with a kitchen, dining area, and living room on the main level, plus two bedrooms and one bathroom in the garden-level basement. Individual laundry hookups are provided in every unit. The fourth apartment adds an upper-level sunroom and a notably larger bedroom. Garage access includes one stall for each of the first three units and two stalls for the fourth.

Exterior improvements include a new composition roof, newer aluminum siding, Trex decking, and an underground sprinkler system. Select appliances and interior paint have also been updated. The property is situated across from Butler Park and near the library in Hot Springs, with a paved street, frame construction, electric baseboard heating, and wall-unit cooling.

Key Highlights

  • Fourplex with 5,160 square feet on 0.3 acres
  • Built in 1984 with a new composition roof and newer aluminum siding
  • Each unit includes 2 bedrooms, 1 bath, and individual laundry hookups

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Building Supply Plumbing Service Bakery (Bike/Boat/Book/etc) Store Garden Center

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

420
Businesses Nearby

Demographics for 57747, SD

5,695
Population
3,481
Households
1.6
Avg Household Size
56
Median Age
22%
College-Educated
90%
High-School Grad
508.3 sq mi
ZIP Area
11
Density / Sq Mi
$64,023
Median Household Income
$42,427
Median Earnings
$850
Median Rent
$195,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units offer two-level layouts, individual laundry hookups, and access to a shared park-facing setting.
Where is this quadplex located?
The property is located at 438 S 14th Street Hot Springs, SD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fourplex with 5,160 square feet on 0.3 acres; Built in 1984 with a new composition roof and newer aluminum siding; Each unit includes 2 bedrooms, 1 bath, and individual laundry hookups
More about this property
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