$4,349,000
$99K PRICE INCREASE

1931 Russell St Spearfish, SD 57783

Estimated payment $27,429/month

Total Views 30,185
Studio
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Public Water Access
  • Balcony
  • Forced Air Heating and Cooling System
  • View of Hills
  • Patio

About This Home

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 MUNRO & GRAN Listed on: 10/23/2024

Co-Listing Agent

Scot Munro

GREAT PEAKS REALTY MUNRO & GRAN

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2022

Parking

  • Paved Parking

Property Views

  • Views of Hills

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Public Water Access
  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Public Septic

Community Details

  • 18 Units
  • The Reserve On Higgins Cr Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

Built in 2022

Lot Details

3.25 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Lvt Date: 10/23/2024
  • Personal Property: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer, Microwave
  • View: Hills
  • Year Built: 2022
  • Safety Features: Smoke Detectors
  • Miscellaneous: Individual Water Heaters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Community Entrance

Exterior Features

  • Construction: Frame
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: 3.25 acres
  • Lot Type: Flat
  • Zoning: Unknown

Rental Info

  • Type of Tenancy: 1 Year Lease

Tax Info

  • Year: 25
  • Taxes: $20,576.78

Multi Family

  • Number Of Units: 18
  • Vacancy Rate: 0 - 5%
  • Unit Features: Patio, Balcony/Deck, Kit/DR Combo

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/14/2026 05/14/26 For Sale $4,349,000 0.0% --
01/01/2026 01/01/26 Off Market $4,349,000 -- --
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: Black Hills Association of REALTORS®

Source: Black Hills Association of REALTORS®

MLS Number: 171038

Black Hills Association of REALTORS®
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