701 5th Ave Edgemont, SD 57735
Estimated payment $2,403/month
Highlights
- Refrigerated and Evaporative Cooling System
- Private Entrance
- Wood Siding
About This Home
This fully occupied four-plex in Edgemont offers steady income and future upside. Each of the four 2-bedroom, 1-bath units features approximately 840 sq ft of living space. The property has been well-maintained, with strong tenant demand and consistent occupancy. Current rents are below market, presenting an excellent opportunity for a new owner to increase revenue with modest updates. Tenants pay gas and electric, while the owner covers water/sewer, taxes, and insurance. Off-street parking and a central location make this a desirable rental option for tenants and an attractive investment for buyers.
Listing Agent
Superior Property Management, LLC License #21709 Listed on: 07/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,589
Year Built
- Built in 1974
Lot Details
- Private Entrance
- Subdivision Possible
Parking
- Paved Parking
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
- Wood Siding
- Block Exterior
Laundry
- Dryer
- Washer
Additional Features
- Electric Oven or Range
- Refrigerated and Evaporative Cooling System
Listing and Financial Details
- The owner pays for water/sewer, real estate taxes, insurance
- Month-to-Month Lease Term
Community Details
Overview
- 4 Units
- 3,360 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 |
|---|---|---|---|---|
| 2025 | $3,589 | $188,430 | $24,500 | $163,930 |
| 2024 | $3,464 | $158,588 | $22,344 | $136,244 |
| 2023 | $3,285 | $146,085 | $22,516 | $123,569 |
| 2022 | $2,367 | $133,960 | $11,200 | $122,760 |
| 2021 | $2,368 | $84,220 | $8,680 | $75,540 |
| 2020 | $2,370 | $82,650 | $7,980 | $74,670 |
| 2019 | $2,637 | $82,650 | $7,980 | $74,670 |
| 2018 | $2,561 | $86,640 | $7,980 | $78,660 |
| 2017 | $2,443 | $82,890 | $7,980 | $74,910 |
| 2016 | -- | $78,700 | $2,680 | $76,020 |
| 2015 | -- | $78,700 | $2,680 | $76,020 |
| 2011 | -- | $81,135 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $395,000 | +97.5% | -- |
| 02/16/2021 02/16/21 | Sold | $200,000 | -16.6% | $60 / Sq Ft |
| 12/14/2020 12/14/20 | For Sale | $239,900 | -- | $72 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $69,610 | Future Advance Clause Open End Mortgage |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 85403
APN: 72290-00400-011-00
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