314 N 5th St Spearfish, SD 57783
Estimated payment $3,699/month
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. Incredible rental investment opportunity with this 5-plex in downtown Spearfish, operating at 100% occupancy rate! 4 of the 5 apartment units have been remodeled to include new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets. All units are 1-bedroom, 1-bathroom, except the basement unit is a larger 2-bedrooms, 1-bathroom unit. Basement also offers a common laundry room area. There is a detached garage accessed from the alley along with additional parking, plus front off-street parking! Brand new roof in summer 2025.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,950
Year Built
- Built in 1952
Lot Details
- Subdivision Possible
Parking
- Common or Shared Parking
Home Design
- Metal Roof
- Stucco
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
Utilities
- Evaporated cooling system
- Heating System Uses Natural Gas
- Wall Furnace
- Baseboard Heating
Community Details
- 5 Units
- 4,305 Sq Ft Building
Listing and Financial Details
- Month-to-Month Lease Term
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 |
|---|---|---|---|---|
| 2025 | $3,000 | $223,560 | $63,000 | $160,560 |
| 2024 | $2,950 | $212,420 | $59,500 | $152,920 |
| 2023 | $2,976 | $195,020 | $56,000 | $139,020 |
| 2022 | $3,093 | $188,400 | $56,000 | $132,400 |
| 2021 | $2,641 | $188,400 | $0 | $0 |
| 2019 | $2,638 | $152,330 | $42,000 | $110,330 |
| 2018 | $2,631 | $152,330 | $0 | $0 |
| 2017 | $2,756 | $152,330 | $0 | $0 |
| 2016 | $2,994 | $152,330 | $0 | $0 |
| 2015 | $3,014 | $152,330 | $0 | $0 |
| 2014 | $3,035 | $152,330 | $0 | $0 |
| 2013 | -- | $152,330 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $659,000 | -2.4% | -- |
| 06/30/2025 06/30/25 | Price Changed | $675,000 | -3.4% | -- |
| 03/25/2025 03/25/25 | For Sale | $699,000 | -- | -- |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 83608
APN: 32090-06400-080-00
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