Residential Income

Hot Springs, SD Residential Income Properties for Sale

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Custer, SD Buffalo Gap, SD Edgemont, SD Oelrichs, SD Fairburn, SD
Multi-Use Hospitality Resort & Event Center
Updated: Feb 3
Multi-Use Hospitality Resort & Event Center

603 N River Street, Hot Springs, SD 57747

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32,576 sqft
Red Rock River Resort (603 N River St, Hot Springs, SD) built in 1890 with multi‑use hospitality setup
11 short‑term rental accommodations, including a 2‑bedroom apartment, plus a full kitchen and dedicated dining room
Event center capacity up to 250 guests, suited for weddings, corporate events, reunions, and private functions
Event center includes three attached bedrooms to support event‑weekend lodging packages
On‑site spa and wellness area with a hot sand room, granite room, hot soaking tub room, and massage rooms
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Hot Springs, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Newcastle Multi-Unit Investment Opportunity
Newcastle Multi-Unit Investment Opportunity

302 S Spokane Ave, Newcastle, WY 82701

$329,900
2,400 sqft 0.16 AC lot

Well-maintained triplex with strong rental history in Newcastle, Wyoming.

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Newcastle Multifamily Investment Opportunity
Newcastle Multifamily Investment Opportunity

115 S Summit Ave, Newcastle, WY 82701

$395,000
6,708 sqft 0.24 AC lot

Turnkey 5-unit apartment complex with strong rental history.

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Move-In Ready Duplex with Garages
Move-In Ready Duplex with Garages

905/907 Clark Lane, Rapid City, SD 57702

$550,000
2,680 sqft

Renovated duplex offers independent living units, privacy-fenced outdoor space, and alley access to parking.

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Side-by-Side Duplex Opportunity
Side-by-Side Duplex Opportunity

1918 Ivy Ave, Rapid City, SD 57701

$275,000

Duplex suitable for home ownership, single family, or investment.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Hot Springs Residential Land Parcel
Hot Springs Residential Land Parcel

TBD Lots 5-8 Germond Street, Hot Springs, SD 57747

$73,000
0.64 AC lot

Residential land parcel in Hot Springs with development potential.

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Hot Springs Residential Land Parcel
Hot Springs Residential Land Parcel

TBD Lots 15-22 Germond Street, Hot Springs, SD 57747

$80,000
1.28 AC lot

1.28 acre residential land parcel in Hot Springs, South Dakota.

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Hot Springs Residential Land Parcel
Hot Springs Residential Land Parcel

TBD Lots 1-4 Germond Street, Hot Springs, SD 57747

$73,000
0.64 AC lot

0.64 acre residential land parcel with utilities and Black Hills views.

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Wind Cave Estates Building Site
Wind Cave Estates Building Site

Highway 385 lot: 2, Hot Springs, SD 57747

$147,280
5.26 AC lot

Generously sized residential building site near Hot Springs, South Dakota.

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Off-Market Properties in Hot Springs, SD

Consider similar Off-Market properties in Hot Springs, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

402 Battle Mountain Ave
Multifamily properties

402 Battle Mountain Ave, Hot Springs, SD 57747

Value Estimation by Request
1.07 AC lot
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Hot Springs, SD Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Hot Springs, SD on our real estate platform. These investment opportunities span a total of 32,576 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 1
Short term rental properties 1

Demographics Overview

Population 5,889
Population Growth (5Y) -0.4%
Median Household Income $64,023
College Educated 32.2%

Taxes & Financing

Tax Rate (average for all types) 0.95%
Property Tax per SF $92.35 per SF
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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