28-Unit Apartment
New
For Sale
$1,700,000
545 Lincoln, Custer, SD 57730
Residents have access to shared laundry rooms, an on-site leasing office, and dedicated parking.
Property Size17,480 SF
Lot Size0.70 Acres
Price / SF$97.25
Days on Market1
Property Features for 545 Lincoln
General Information
Standard status
Active
Size
17,480 SF
Total Parking Spaces
26
Lot size
0.70 Acres
Property subtype
Multi-Family
Financials
Asking Price
$1,700,000
Cap Rate
6.4%
Units
Unit Mix
14 x studio, 14 x one-bedroom
Multifamily Units
28
Additional Details
Tenant in Place
Yes
Amenities
on-site leasing office
laundry rooms
Building Details
Year Built
1972
Stories
2
Construction
wood-framed
Listing Agency:
Black Hills Realty
Listed By:
Brittni Bjorum, Realtor & Megan Hildebra
(605) 670-8030
Source:
Realestateblackhillssd
Added: Oct 23
Last Checked: Oct 23 at 4:37PM
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 Black Hills Realty
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Investment Insights
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This two-story apartment property contains 28 units: 14 studios and 14 one-bedroom apartments. The buildings total approximately 17,480 square feet on 0.7 acre and were constructed in 1972. An on-site leasing office and two laundry rooms with owner-operated coin machines serve the property. Heating is provided by hydronic hot water from two propane boilers, with a shared hot water system and water softener. The property has transitioned out of the HUD program, allowing the owner to manage rents and tenancy without HUD contract restrictions.
Residents have 26 on-site parking spaces, including six accessible spaces. The flat roof received a TPO membrane in 2022, and boiler circulation pumps were replaced that year. Unit electrical panels have been converted from fuses to breakers, and new flooring has been installed in four apartments.
Residents have 26 on-site parking spaces, including six accessible spaces. The flat roof received a TPO membrane in 2022, and boiler circulation pumps were replaced that year. Unit electrical panels have been converted from fuses to breakers, and new flooring has been installed in four apartments.
Key Highlights
- 28 apartments: 14 studios at approximately 403 square feet and 14 one‑bedrooms at approximately 528 square feet
- Approximately 17,480 square feet on 0.7 acre
- Two‑story buildings constructed in 1972
Property Analytics
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Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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Business Placement
Demographics for 57730, SD
5,219
Population
3,328
Households
1.6
Avg Household Size
57
Median Age
35%
College-Educated
95%
High-School Grad
516.2 sq mi
ZIP Area
10
Density / Sq Mi
$81,911
Median Household Income
$41,231
Median Earnings
$1,070
Median Rent
$324,300
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to shared laundry rooms, an on-site leasing office, and dedicated parking.
Where is this apartment building located?
The property is located at 545 Lincoln Custer, SD.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 28 apartments: 14 studios at approximately 403 square feet and 14 one‑bedrooms at approximately 528 square feet; Approximately 17,480 square feet on 0.7 acre; Two‑story buildings constructed in 1972
