$4,349,000
$99K PRICE INCREASE

1931 Russell St Spearfish, SD 57783

Estimated payment $26,731/month

Total Views 26,241
Studio
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. New Rental expansion!! 2 brand new buildings will be added to this income-producing operation in the Spring 2026 offering a total of 18 rental units! The Russell Street Duplexes located in the Commons at the Reserve in Spearfish are your modern-day fully appliance furnished apartment style, upstairs & downstairs units serve as a fantastic investment opportunity! Each duplex has 836 sq ft providing adequate living space, presenting an open concept layout with large stationary island complimented with 2 bedrooms (one ensuite), 2 full bathrooms and laundry room. Each unit has a deck/patio and off-street parking spaces. These units run at 100% occupancy since they were completed. Currently the site has 7 buildings with a total of 14 units, 2 more newly built buildings to be added in the Spring 2026 - but this full development is approved for 21 structures (42 units) in all. Call today!

Listing Agent

Heath Gran

Great Peaks Realty License #12630 Listed on: 10/23/2024

Co-Listing Agent

Scot Munro

Great Peaks Realty License #12403

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2022

Lot Details

  • 3.25 Acre Lot
  • Subdivision Possible

Parking

  • Paved Parking

Home Design

  • Frame Construction
  • Composition Roof

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Community Details

  • 18 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 2022

Lot Details

3.25 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Basement Substructure: Slab
  • Personal Property: Dishwasher, Refrigerator, Electric Range Oven, Microwave, Washer, Dryer
  • Safety Features: Smoke Detectors
  • Special Assessment: $70.54
  • Style: Up & Down
  • Subdivision Yn: Yes
  • Year Built: 2022
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer, Microwave
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction: Frame
  • Exterior: Paved Street
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Schools

  • School District: Spearfish

Lot Info

  • Number Of Acres: 3.25

Tax Info

  • RE Taxes: $3,817.72
  • Re Tax Year: 24

Multi Family

  • Number Of Units: 18

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 Price Changed $4,349,000 +14.5% --
03/07/2025 03/07/25 Price Changed $3,799,000 -5.0% --
01/07/2025 01/07/25 Price Changed $3,999,000 -5.9% --
10/23/2024 10/23/24 For Sale $4,250,000 -- --
Source: Mount Rushmore Area Association of REALTORS®

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 82169

Mount Rushmore Area Association of REALTORS®
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