$340,000
SOLD JUL 18, 2025

101 E Summit St Lead, SD 57754

-- Bed
-- Bath
3,068 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

21% Below List Price

23 Days on Market

Highlights

  • Shed
  • Forced Air Heating System
  • Private Entrance

About This Home

As of July 2025

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! Listed by Jeffery Christians, Real Broker LLC, and co-listed by Mathias Christians, Real Broker LLC, 605-920-1369

Last Agent to Sell the Property

Jeffery Christians

Real Broker Spearfish License #15604 Listed on: 05/09/2025

Co-Listed By

Mathias Christians

Real Broker Spearfish License #21308

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1901

Lot Details

  • 3,920 Sq Ft Lot
  • Private Entrance

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Masonite

Interior Spaces

  • 3,068 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Dishwasher

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3,068 Sq Ft Building

Listing and Financial Details

  • Tenant pays for rent only
  • The owner pays for gas/electric, water/sewer, real estate taxes, insurance
  • 12 Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,500

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Gas Mo Yr: c doc
  • Personal Property: Dishwasher, Refrigerator, Electric Range Oven
  • Safety Features: Smoke Detectors
  • Sq Ft Above Grade: 3,068
  • Style: 2 Story
  • Year Built: 1901
  • Estimated Building Sq Ft: 3068
  • Includes: All Units
  • Miscellaneous: Pet Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance
  • Total Sq Ft: 3068

Exterior Features

  • Construction: Frame
  • Exterior: Shed, Paved Street
  • Roof: Composition
  • Siding: Masonite Siding

Garage/Parking

  • Parking: Street Parking

Utilities

  • Average Electric: c doc
  • Heating: Natural Gas, Forced Air

Schools

  • School District: Lead/Deadwood

Lot Info

  • Number Of Acres: 0.09

Rental Info

  • Tenant Pays: Rent Only
  • Owner Pays: Gas/Electric, Water/Sewer, Real Estate Taxes, Insurance
  • Type of Tenancy: One Year Lease, Six Month Lease

Tax Info

  • RE Taxes: 3499.50
  • Re Tax Year: 24

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2010
Sold by
Mason Grant and Maynard Rory
Bought by
Legendary Investments Llc
Current Estimated Value
$232,528
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2025 07/18/25 Sold $340,000 -19.0% $111 / Sq Ft
06/02/2025 06/02/25 Price Changed $420,000 -2.3% $137 / Sq Ft
05/12/2025 05/12/25 For Sale $430,000 +334.3% $140 / Sq Ft
10/30/2017 10/30/17 Sold $99,000 -29.2% $36 / Sq Ft View Prior Sale
10/10/2017 10/10/17 Pending -- -- --
05/03/2016 05/03/16 For Sale $139,900 -- $50 / Sq Ft
Source: Mount Rushmore Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2025 $1,740 $118,570 $9,600 $108,970
2024 $1,740 $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

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 84349

Mount Rushmore Area Association of REALTORS®

APN: 31090-03700-080-10