901 4th Ave Edgemont, SD 57735
Estimated payment $5,088/month
Highlights
- Evaporated cooling system
- Wood Siding
- Heating Available
About This Home
Rare opportunity to acquire an 8-unit multifamily property in Edgemont, fully composed of spacious 2-bed/1-bath apartments averaging over 780 sq ft each. The building totals 6,256 sq ft on a large 0.80-acre lot, offering both scale and potential for future expansion. Current occupancy is strong, with proven rental demand in the market. Several units have been updated, and all are individually metered for electric with separate water heaters. Current rents are below market, providing immediate upside for a new owner to raise income through modest updates and rent adjustments. Tenants are responsible for their own electric; owner covers water/sewer, taxes, and insurance. Ample parking is included on site. This property may be purchased individually or as a package with the neighboring 4-plex at 701 5th Ave, creating a rare 12-unit investment opportunity in a stable rental market.
Listing Agent
Superior Property Management, LLC License #21709 Listed on: 07/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,109
Year Built
- Built in 1978
Parking
- Common or Shared Parking
Home Design
- Frame Construction
- Composition Roof
- Wood Siding
- Block Exterior
Kitchen
- Electric Oven or Range
- Range Hood
- Microwave
Utilities
- Evaporated cooling system
- Heating Available
Additional Features
- Window Treatments
- Subdivision Possible
Listing and Financial Details
- 12 Month Lease Term
- Month-to-Month Lease Term
Community Details
Overview
- 8 Units
- 6,256 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 | $5,109 | $265,910 | $44,100 | $221,810 |
| 2024 | $4,952 | $225,756 | $40,219 | $185,537 |
| 2023 | $4,622 | $208,806 | $40,528 | $168,278 |
| 2022 | $3,411 | $188,520 | $22,050 | $166,470 |
| 2021 | $3,421 | $121,360 | $17,150 | $104,210 |
| 2020 | $4,604 | $119,420 | $15,750 | $103,670 |
| 2019 | $4,384 | $119,420 | $15,750 | $103,670 |
| 2018 | $3,678 | $124,500 | $15,750 | $108,750 |
| 2017 | $4,054 | $119,050 | $15,750 | $103,300 |
| 2016 | -- | $130,580 | $6,720 | $123,860 |
| 2015 | -- | $130,580 | $6,720 | $123,860 |
| 2011 | -- | $134,610 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $875,000 | -11.2% | -- |
| 07/23/2025 07/23/25 | For Sale | $985,000 | +189.7% | -- |
| 01/15/2021 01/15/21 | Sold | $340,000 | -2.3% | $53 / Sq Ft |
| 12/02/2020 12/02/20 | Pending | -- | -- | -- |
| 09/10/2020 09/10/20 | Price Changed | $348,000 | -0.3% | $55 / Sq Ft |
| 07/29/2020 07/29/20 | Price Changed | $349,000 | -0.3% | $55 / Sq Ft |
| 07/01/2020 07/01/20 | Price Changed | $350,000 | -1.4% | $55 / Sq Ft |
| 06/24/2020 06/24/20 | Price Changed | $355,000 | -0.8% | $56 / Sq Ft |
| 06/11/2020 06/11/20 | Price Changed | $358,000 | -0.3% | $56 / Sq Ft |
| 06/04/2020 06/04/20 | Price Changed | $359,000 | -0.3% | $56 / Sq Ft |
| 05/19/2020 05/19/20 | For Sale | $360,000 | -- | $57 / Sq Ft |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 85404
APN: 72150-04900-008-00
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