$900,000

3225 Old Belle Rd Spearfish, SD 57783

Estimated payment $5,023/month

Total Views 9,700
4 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • City View
  • Patio
  • Private Entrance
  • Brick Veneer
  • Baseboard Heating

About This Home

Incredible opportunity to own an investment property on 1.62 acres just off Exit 8 with endless options for expansion of the space. This versatile property includes a barn that is mostly finished and is currently being leased as an office & storage space. Plus, an updated duplex rental home (each unit offering 2 bedrooms and 1 bathroom), and ample land for future expansion of units, storing equipment or building additional structures if desired.

Listing Agent

Scot Munro

GREAT PEAKS REALTY MUNRO & GRAN Listed on: 09/15/2025

Co-Listing Agent

Heath Gran

GREAT PEAKS REALTY MUNRO & GRAN

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Property Views

  • City
  • Trees

Home Design

  • Duplex
  • Brick Veneer
  • Block Foundation
  • Frame Construction
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Baseboard Heating
  • Well
  • Public Septic

Additional Features

  • Walk-Out Basement
  • Patio
  • Private Entrance

Community Details

  • 3 Units
  • Noaa Sub Subdivision

Listing and Financial Details

  • Negotiable Lease Term

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 09/16/2025
  • View: City, Trees
  • Year Built: 1967
  • Safety Features: Smoke Detectors
  • Includes: Refrigerator, Range/Oven, Dishwasher, Washer, Dryer, Microwave
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: More than 1 per Apt, Private Entrance

Exterior Features

  • Construction: Brick/Veneer, Frame
  • Foundation: Basement, Concrete Block, Walkout
  • Roof: Composition

Utilities

  • Air Conditioner: Wall
  • Heating: Electric, Heat Pump, Baseboard
  • Sewer: City
  • Water: Well

Lot Info

  • Lot Size: 1.62
  • Lot Type: Flat
  • Zoning: Unknown

Rental Info

  • Type of Tenancy: 1 Year Lease, Negotiable
  • Who Pays Electricity: Owner
  • Who Pays Gas: Owner
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 24
  • Taxes: $4,181.56

Multi Family

  • Number Of Units: 3
  • Vacancy Rate: 0 - 5%
  • Unit Features: Patio, Kit/DR Combo

Map

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

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 $4,182 $385,380 $111,550 $273,830
2024 $4,182 $339,270 $52,790 $286,480
2023 $4,062 $302,870 $52,790 $250,080
2022 $2,952 $202,830 $42,480 $160,350
2021 $2,593 $202,830 $0 $0
2019 $2,492 $170,760 $42,480 $128,280
2018 $2,493 $169,500 $0 $0
2017 $2,534 $163,980 $0 $0
2016 $2,747 $163,980 $0 $0
2015 $2,747 $162,800 $0 $0
2014 $2,722 $158,570 $0 $0
2013 -- $155,590 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2025 09/15/25 For Sale $900,000 +59.3% --
03/22/2022 03/22/22 Sold $565,000 -5.8% $216 / Sq Ft View Prior Sale
01/05/2022 01/05/22 For Sale $599,900 -- $229 / Sq Ft
Source: Black Hills Association of REALTORS®

Source: Black Hills Association of REALTORS®

MLS Number: 175726

Black Hills Association of REALTORS®

APN: 24500-00702-322-15