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22-Unit Apartment Property
New
For Sale
$5,685,000

Tbd 1954-1984 Russell St, Spearfish, SD 57783

Eleven duplex buildings provide furnished two-bedroom layouts with private outdoor space and off-street parking.

Property SizeContact for details
Days on Market6

Property Features for Tbd 1954-1984 Russell St

General Information

Standard status Active
Property subtype Multi Family Home
Occupancy 100%

Additional Details

Multifamily Units 22
Tenant in Place Yes

Building Details

Buildings 11
Units 22
Listing Agency: Great Peaks Realty
Listed By: Heath Gran · License #1984
Source: Libertytreeproperties
Added: Oct 26 Last Checked: Oct 30 at 1:02AM

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 Great Peaks Realty

Rey
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Investment Insights

Based on property information with market context.

The property comprises 11 duplex buildings with 22 apartment units. Each 836-square-foot unit has an open layout, a stationary island, two bedrooms, two full bathrooms, a laundry room, and included appliances. One bedroom is ensuite. Units also have a deck or patio and off-street parking.

The development is approved for 21 structures totaling 42 units. The 22 existing units have maintained 100% occupancy since completion.

Key Highlights

  • 22 rental units across 11 duplex buildings
  • Each unit measures 836 sq ft and has two bedrooms and two full bathrooms
  • Open layout with stationary island, laundry room, and appliances in each unit

Property Analytics

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Lease Details

22
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eleven duplex buildings provide furnished two-bedroom layouts with private outdoor space and off-street parking.
Where is this apartment building located?
The property is located at Tbd 1954-1984 Russell St 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: 22 rental units across 11 duplex buildings; Each unit measures 836 sq ft and has two bedrooms and two full bathrooms; Open layout with stationary island, laundry room, and appliances in each unit
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