$4,349,000
$99K PRICE INCREASE

1931 Russell St Spearfish, SD 57783

Estimated payment $27,067/month

Total Views 22,955
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

0

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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®
South Dakota Lawrence County Spearfish 57783

1931 Russell St, Spearfish, SD

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Mount Rushmore Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Heath Gran
Listing Agent
Heath Gran
Section Image
Great Peaks Realty
(605) 853-5184