$1,580,000
SOLD MAR 18, 2025

1945 Reserve St Spearfish, SD 57783

Studio
-- Bath
70 Sq Ft
0.7 Acres

Recently Sold

$22,571 Per Sq Ft

4% Below List Price

5 Days on Market

Highlights

  • 0.7 Acre Lot
  • Forced Air Heating System
  • Refrigerated and Evaporative Cooling System

About This Home

As of March 2025

Listed by Jeremy Kahler, KWBH, 605-381-7500. Add your investment porfolio- 12 unit apartment complex in Spearfish SD with 100% occupancy and consistent rental history! *Built in 2013, the building has 6 units on the upper level and 6 units on ground level, with a private parking lot *Ground level units are Zero-entry for great accessibilty *Each unit is 875sqft and has 2 bedrooms, 1 bathroom, a full kitchen, private in-unit laundry and separate electric and AC *Consistenly improved on, units have updated kitchens with black appliances, new floors (vinyl plank or carpet), all units come with washer and dryer, and have new water heaters (2024) *Manicured lawn and beautiful landscaping throughout the property, maintained by a sprinkler system. Conveniently located 3 miles to BHSU campus and easy access to I90 and the Black Hills.

Last Agent to Sell the Property

JEREMY KAHLER

Keller Williams Realty Black Hills SP License #12777 Listed on: 02/14/2025

Keller Williams Realty Black Hills SP

Last Buyer's Agent

Tim Kudlock

Great Peaks Realty License #16107

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,353

Year Built

  • Built in 2013

Lot Details

  • 0.7 Acre Lot
  • Subdivision Possible

Parking

  • Paved Parking

Home Design

  • Frame Construction
  • Composition Roof

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Heat Pump System

Community Details

  • 12 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,353

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Basement Substructure: Slab
  • Personal Property: Dishwasher, Refrigerator, Electric Range Oven, Microwave, Washer, Dryer
  • Sq Ft Above Grade: .70
  • Style: Up & Down
  • Subdivision Yn: Yes
  • Systems: Breaker
  • Year Built: 2013
  • Includes: All Units
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 70

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Refrig. C/Air
  • Heating: Electric, Forced Air, Heat Pump

Schools

  • School District: Spearfish

Lot Info

  • Number Of Acres: 0.7

Tax Info

  • RE Taxes: 16353
  • Re Tax Year: 23

Multi Family

  • Number Of Units: 12

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2025 03/18/25 Sold $1,580,000 -4.2% $22,571 / Sq Ft
02/19/2025 02/19/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $1,650,000 +61.0% $23,571 / Sq Ft
04/11/2018 04/11/18 Sold $1,025,000 0.0% $95 / Sq Ft View Prior Sale
04/11/2018 04/11/18 For Sale $1,025,000 -- $95 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
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 $16,454 $1,260,510 $151,420 $1,109,090
2024 $16,354 $1,177,690 $121,420 $1,056,270
2023 $15,694 $1,037,030 $76,780 $960,250
2022 $16,212 $991,300 $76,780 $914,520
2021 $16,863 $991,300 $0 $0
2019 $12,632 $732,570 $76,780 $655,790
2018 $12,653 $732,570 $0 $0
2017 $13,254 $732,570 $0 $0
2016 $14,140 $732,570 $0 $0
2015 $14,180 $732,570 $0 $0
2014 $14,426 $726,840 $0 $0
2013 -- $74,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • JEREMY KAHLER

    Seller's Agent in 2025

    JEREMY KAHLER

    Keller Williams Realty Black Hills SP

    (605) 381-7500

    10 in this area

    498 Total Sales

    JEREMY KAHLER
    Section Image
  • Tim Kudlock

    Buyer's Agent in 2025

    Tim Kudlock

    Great Peaks Realty

    (605) 717-7325

    33 in this area

    66 Total Sales

    Tim Kudlock
    Section Image

  • M

    Seller's Agent in 2018

    Monica Goodsell

    Keller Williams Realty Black Hills SP

    (605) 848-0934

    12 in this area

    17 Total Sales

    Monica Goodsell
    Section Image

  • K

    Buyer's Agent in 2018

    Kristen Simons

    Engel & Völkers Black Hills Spearfish

    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 83131

Mount Rushmore Area Association of REALTORS®

APN: 32315-01600-040-00

South Dakota Lawrence County Spearfish 57783

1945 Reserve St, Spearfish, SD

Sold

MultiFamily

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