$390,600
SOLD APR 21, 2025

2350 S Baldwin St Sturgis, SD 57785

-- Bed
-- Bath
1,352 Sq Ft
0.33 Acres

Recently Sold

$289 Per Sq Ft

3% Above List Price

3 Days on Market

About This Home

As of April 2025

This four-plex property located in Sturgis presents significant investment potential. It features four separate apartments, each consisting of two bedrooms and one bathroom, with a total area of 676 square feet per unit. Constructed in 1978, the property has maintained a zero vacancy rate for several years, indicating strong demand for rental units in the area. The washer and dryer facilities are managed through an off-site contracted service, and each apartment is equipped with its own water heater. The upstairs units offer small balconies adjacent to the dining and kitchen areas, adding to their appeal. Additionally, there is a large off-street parking lot available, providing ample space for tenants with multiple vehicles. With some renovations and improvements, there is a substantial opportunity to increase rental income significantly. The owner has kept the rents low on purpose to help his renters.

Last Agent to Sell the Property

Christle Beuckens

Hegg Realtors, Deadwood License #13554 Listed on: 02/18/2025

Hegg Realtors, Deadwood

Last Buyer's Agent

Krysti Schulz

The Real Estate Center of Sturgis

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,435

Year Built

  • Built in 1978

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,352 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven or Range
  • Range Hood

Utilities

  • Refrigerated and Evaporative Cooling System
  • Baseboard Heating

Community Details

  • 3,432 Sq Ft Building

Listing and Financial Details

  • Tenant pays for gas/electric, water/sewer
  • The owner pays for real estate taxes, insurance
  • Month-to-Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,435

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Personal Property: Refrigerator, Electric Range Oven, Range Hood
  • Sq Ft Above Grade: 1352
  • Style: 2 Story
  • Systems: Breaker
  • Year Built: 1978
  • Estimated Building Sq Ft: 3432
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Individual Water Heaters, Electric
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Sq Ft: 3432

Exterior Features

  • Construction: Frame, Block
  • Roof: Composition

Utilities

  • Cooling: Refrig. Wall Unit
  • Heating: Electric, Baseboard

Schools

  • School District: Meade

Rental Info

  • Tenant Pays: Gas/Electric, Water/Sewer
  • Owner Pays: Real Estate Taxes, Insurance
  • Type of Tenancy: Month to Month, Six Month Lease

Tax Info

  • RE Taxes: 3434.76
  • Re Tax Year: 24

Multi Family

  • Number Of Units: 4

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
04/21/2025 04/21/25 Sold $390,600 +2.8% $289 / Sq Ft
02/18/2025 02/18/25 For Sale $380,000 -- $281 / Sq Ft
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 $3,435 $213,079 $46,800 $166,279
2024 $3,435 $213,079 $46,800 $166,279
2023 $3,614 $213,079 $46,800 $166,279
2022 $3,810 $213,079 $46,800 $166,279
2021 $4,318 $213,079 $46,800 $166,279
2020 $3,682 $213,079 $46,800 $166,279
2019 $3,657 $177,749 $36,712 $141,037
2018 $3,730 $177,749 $36,712 $141,037
2017 $3,964 $177,749 $36,712 $141,037
2016 $0 $177,749 $0 $0
2015 $4,260 $177,749 $36,712 $141,037
2013 -- $177,749 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christle Beuckens

    Seller's Agent in 2025

    Christle Beuckens

    Hegg Realtors, Deadwood

    (605) 920-1084

    16 in this area

    175 Total Sales

    Christle Beuckens
    Section Image
  • Krysti Schulz

    Buyer's Agent in 2025

    Krysti Schulz

    The Real Estate Center of Sturgis

    (605) 490-2638

    88 in this area

    133 Total Sales

    Krysti Schulz
    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 83187

Mount Rushmore Area Association of REALTORS®

APN: 01.62.0G.01

South Dakota Meade County Sturgis 57785

2350 S Baldwin St, Sturgis, SD

Sold

MultiFamily

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