Estimated payment $11,306/month
Highlights
- Home Security System
- Refrigerated and Evaporative Cooling System
- Heating Available
- 1-Story Property
About This Home
Listed by Jeremy Kahler, KWBH, 605-381-7500. Great opportunity to add to your investment portfolio- 23 unit apartment complex in Lead, SD with consistent rental history and great potential to expand! *Based on projections and current rent amounts, occupancy to be about 96% *Property is all on one level, with zero-entry access for easy accessibility, and complies with most ADA requirements *This one building facility has 14 studio apartments, 6- 1 bed/1 bath units and 3- 2 bed/1 bath units *Each apartment has a kitchen/kitchenette space, bathroom with walk in shower and separate heating/cooling units *On-site coin operated laundry room *Safety features include: secured entry, video surveillance and an internal sprinkler system *Common spaces include: rest rooms, communal seating areas (inside and out), rec rooms and storage areas *Front office space for onsite management *Manicured exterior with sprinkler maintained lawn and landscaping, outdoor seating areas and a walkway around the building *Flat private parking lot (1 space/unit) plus 6 assigned covered parking spaces *Great potential to expand- property has multiple storage spaces, public restrooms, a commercial kitchen, set up for an in-house barber shop, and space for potential unit expansion. Centrally located behind Lynns Dakota Mart grocery store. **Seller will consider doing owner financing**
Listing Agent
Keller Williams Realty Black Hills SP License #12777 Listed on: 04/07/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,414
Year Built
- Built in 2002
Interior Spaces
- 1-Story Property
- Electric Oven or Range
Home Security
- Home Security System
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- Covered Parking
- Common or Shared Parking
- Paved Parking
Outdoor Features
- Cove
- Outbuilding
Utilities
- Refrigerated and Evaporative Cooling System
- Heating Available
Listing and Financial Details
- The owner pays for gas/electric, water/sewer, real estate taxes
Community Details
Overview
- 23 Units
- 15,727 Sq Ft Building
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 |
---|---|---|---|---|
2024 | $17,414 | $1,040,610 | $195,010 | $845,600 |
2023 | $19,693 | $1,035,790 | $190,190 | $845,600 |
2022 | $19,729 | $958,920 | $190,190 | $768,730 |
2021 | $21,562 | $958,920 | $0 | $0 |
2019 | $22,117 | $922,930 | $154,200 | $768,730 |
2018 | $22,035 | $922,930 | $0 | $0 |
2017 | $11,315 | $914,390 | $0 | $0 |
2016 | $11,315 | $914,390 | $0 | $0 |
2015 | -- | $0 | $0 | $0 |
2014 | -- | $0 | $0 | $0 |
2013 | -- | $0 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/01/2025 08/01/25 | Price Changed | $1,800,000 | -5.3% | -- |
07/09/2025 07/09/25 | Price Changed | $1,900,000 | -5.0% | -- |
04/07/2025 04/07/25 | For Sale | $2,000,000 | +106.2% | -- |
10/20/2023 10/20/23 | Sold | $970,000 | -3.0% | $62 / Sq Ft |
07/12/2023 07/12/23 | For Sale | $1,000,000 | -- | $64 / Sq Ft |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 83794

APN: 31930-01663-000-20
- 300 Aspen Dr
- 300 Aspen Rd
- 239 Deer Path
- 146 Deer Path Unit Lot 146 Deer Mountai
- 35 3rd St
- 13 1st St
- 100 Heritage Ave
- 336 Mountain View Dr
- 744.103 Prospect Ave
- TBD Miners Ave
- Lot 3 Other Unit Lot 3 Tracy Lane-Ter
- Lot 2 Other Unit Lot 2 Tracy Lane-Ter
- Lot 1 Other Unit Lot 1 Tracy Lane-Ter
- 349 Mountain View Dr
- 113 Alert St
- 409 S Main St
- 709 Railroad Ave
- 807 Upper Addie St
- 626 Prospect Ave
- 606 Ridge Rd
- 334 Gwinn Ave
- 334 Gwinn Ave
- 330 Gwinn Ave Unit 1
- 312 Grandview Dr Unit 1
- 5 Kirk Rd
- 5 Kirk Rd
- 1002 Gold Spike Dr
- 346 W Kansas St Unit 123
- 715 12th St
- 703 8th St
- 19022 Us Hwy 85
- 11350 Sturgis Rd
- 6715 Cambridge Ct
- 4404 Candlewood Place
- 3737 Sturgis Rd Unit 17
- 3741 Canyon Lake Dr
- 2912 Chapel Ln Unit 5
- 3022 Player Dr
- 7175 Dunsmore Rd