Estimated payment $2,688/month
Total Views
525
6
Beds
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Public Water Access
- Forced Air Heating System
- Private Entrance
- View of Hills
About This Home
Prime Investment Opportunity! This fully updated fourplex is a high-performing income property with excellent cap rate and strong rental history. Recent renovations include new siding, shingles, gutters, and more—offering peace of mind and low-maintenance ownership. Ideally located on a corner lot with flat, concrete surroundings and ample street parking, it’s directly across from a lab, providing a steady source of tenants. The property features two spacious 2-bedroom units and two well-maintained 1-bedroom units, all with long-term tenants in place. Bonus perks include a shed for extra storage, a balcony, and small private yard spaces. Rarely vacant and consistently generating solid income, this is a fantastic addition to any portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,500
Year Built
- Built in 1901
Parking
- On-Street Parking
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
Interior Spaces
- 2-Story Property
- Views of Hills
- Crawl Space
- Fire and Smoke Detector
Utilities
- Forced Air Heating System
- Public Septic
Additional Features
- Public Water Access
- Private Entrance
Community Details
- 4 Units
- Original Town Subdivision
Listing and Financial Details
- 12 Month Lease Term
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,613 | $103,960 | $6,400 | $97,560 |
| 2023 | $1,613 | $84,840 | $4,800 | $80,040 |
| 2022 | $1,667 | $81,020 | $4,800 | $76,220 |
| 2021 | $1,549 | $81,020 | $0 | $0 |
| 2019 | $1,582 | $66,320 | $2,800 | $63,520 |
| 2018 | $1,576 | $65,410 | $0 | $0 |
| 2017 | $1,579 | $65,410 | $0 | $0 |
| 2016 | $1,669 | $65,410 | $0 | $0 |
| 2015 | $1,902 | $64,530 | $0 | $0 |
| 2014 | $1,679 | $63,210 | $0 | $0 |
| 2013 | -- | $60,980 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $430,000 | -- | -- |
Source: Black Hills Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $218,000 | Unknown |
Source: Public Records
Similar Homes in Lead, SD
Source: Black Hills Association of REALTORS®
MLS Number: 173705
APN: 31090-03700-080-10
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