$437,500
SOLD AUG 20, 2025

409 S Main St Lead, SD 57754

Studio
-- Bath
3,352 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

11% Below List Price

99 Days on Market

Highlights

  • Baseboard Heating
  • Evaporated cooling system
  • Private Entrance

About This Home

As of August 2025

Contact listing agents Scot Munro 605-641-6482 or Heath Gran 605-209-2052 with Great Peaks Realty. Watch your investment grow with this tri-plex that sits within walking distance to the Mickelson Trail and everything that is downtown Lead. Inside you will find a 3 bed-1 bath unit, a 2 bed-1 bath unit, and a 1 bed-1 bath unit - each with their own laundry hook-ups. Enjoy the convenience of having three separate garages for each unit. The 1bd, 1ba unit is selling completely turnkey with appliances & furniture, a sofa with a pull out queen bed and a fully stocked kitchen; this unit could be great for an Airbnb, a Sturgis rental, your own getaway or primary home. All information, measurements and property outlines are based on county records. Buyer is responsible for verifying all information on MLS data sheet.

Last Agent to Sell the Property

Scot Munro

Great Peaks Realty License #12403 Listed on: 03/26/2025

Co-Listed By

Heath Gran

Great Peaks Realty License #12630

Last Buyer's Agent

Christina Singer

Keller Williams Realty Black Hills SP License #17860

Keller Williams Realty Black Hills SP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 7,841 Sq Ft Lot
  • Private Entrance
  • Subdivision Possible

Home Design

  • 3,352 Sq Ft Home
  • Triplex
  • Side-by-Side
  • Brick Exterior Construction
  • Frame Construction
  • Metal Roof
  • Block Exterior
  • Metal Siding
  • Masonite

Kitchen

  • Electric Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • On-Street Parking
  • Off-Site Parking

Outdoor Features

  • Cove

Utilities

  • Evaporated cooling system
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for gas/electric
  • The owner pays for water/sewer
  • Negotiable Lease Term

Community Details

Overview

  • 3,352 Sq Ft Building

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Basement Substructure: Walkout, Completely Finished
  • Extras: Highway Access
  • Personal Property: Refrigerator, Electric Range Oven, Microwave, Washer, Dryer
  • Sq Ft Above Grade: 3352
  • Style: Side/Side
  • Subdivision Yn: Yes
  • Systems: Breaker
  • Year Built: 1932
  • Estimated Building Sq Ft: 3352
  • Includes: Some Units, Refrigerator, Range/Oven, Washer, Dryer
  • Miscellaneous: Separate Meters, Electric
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Total Sq Ft: 3352

Exterior Features

  • Construction: Frame, Block, Brick
  • Roof: Metal
  • Siding: Metal Siding, Masonite Siding

Garage/Parking

  • Parking: Street Parking, Off Site, Garage, Common

Utilities

  • Cooling: Window Evap.
  • Heating: Electric, Baseboard, Cove

Schools

  • School District: Lead/Deadwood

Lot Info

  • Number Of Acres: 0.18

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Gas/Electric
  • Owner Pays: Water/Sewer
  • Type of Tenancy: One Year Lease, Negotiable

Tax Info

  • RE Taxes: $6,817.16
  • Re Tax Year: 24

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2014
Sold by
Not Provided
Bought by
Stuen Leroy
Current Estimated Value
$447,997
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2025 08/20/25 Sold $437,500 0.0% $131 / Sq Ft
06/22/2025 06/22/25 Price Changed $437,500 -3.8% $131 / Sq Ft
06/17/2025 06/17/25 Price Changed $455,000 -2.2% $136 / Sq Ft
05/23/2025 05/23/25 Price Changed $465,000 -3.1% $139 / Sq Ft
05/12/2025 05/12/25 Price Changed $479,900 -2.0% $143 / Sq Ft
03/26/2025 03/26/25 For Sale $489,900 +78.1% $146 / Sq Ft
08/20/2019 08/20/19 Sold $275,000 -3.5% $82 / Sq Ft View Prior Sale
05/31/2019 05/31/19 For Sale $284,900 +72.7% $85 / Sq Ft
08/25/2017 08/25/17 Sold $165,000 -11.8% $87 / Sq Ft View Prior Sale
07/20/2017 07/20/17 Pending -- -- --
09/02/2016 09/02/16 For Sale $187,000 -- $98 / Sq Ft
Source: Mount Rushmore Area Association of REALTORS®

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 $7,051 $444,550 $22,620 $421,930
2024 $6,817 $407,380 $16,620 $390,760
2023 $6,185 $338,580 $13,620 $324,960
2022 $5,813 $309,040 $13,620 $295,420
2021 $4,845 $309,040 $0 $0
2019 $2,974 $251,840 $0 $0
2018 $2,850 $171,460 $0 $0
2017 $2,862 $122,960 $0 $0
2016 $3,037 $118,250 $0 $0
2015 $3,037 $116,930 $0 $0
2014 $3,056 $115,030 $0 $0
2013 -- $117,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 83619

Mount Rushmore Area Association of REALTORS®

APN: 31730-00100-090-40

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