314 5TH ST, Spearfish, SD 57783
ORIGINAL TOWN · Lawrence County
Key Facts
Description
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 with 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 Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
2 Story
Year Built
1952
Zoning
Unknown
MLS® Listing#
177810
Property Features
Appliances
Cooling
Heating
Lot Features
Construction
Roof
Security
Utilities
Sewer
Water Source
Affordability Calculator
$131,800
Estimated monthly payment
$3,507/mo
Principal $527,200 · Est. interest $735,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spearfish, SD
- $740,000
- Median Listing Price
- 75
- Median Days on Market
- 2,813
- Median Sq Ft
- $264
- Median Price / Sq Ft
- 155
- Active Listings
- This home’s price is 11% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spearfish, SD.
Location
Points of Interest in Spearfish, SD
Showing the Spearfish area map.
Nearby Schools
Kid Konnection
School · 0.3 mi away
Mountain View Elementary School
Elementary · 0.4 mi away
Spearfish School District
School · 0.4 mi away
Spearfish Special Education
School · 0.5 mi away
West Elementary School
Elementary · 0.8 mi away
Spearfish Middle School
Secondary · 1.0 mi away
Spearfish High School
Secondary · 1.1 mi away
Creekside Elementary School
Elementary · 1.6 mi away
Black Hills Christian Academy
School · 2.8 mi away
Genesis School of Natural Health
School · 2.8 mi away
Lead-Deadwood School District
Elementary · 9.9 mi away
Lead-Deadwood Middle School - 02
Secondary · 10.4 mi away
Whitewood Elementary School
Elementary · 11.1 mi away
South Park Elementary School
Elementary · 11.2 mi away
Belle Fourche Middle School
Secondary · 11.2 mi away
South Park Elementary School
Elementary · 11.9 mi away
North Park Elementary School
Elementary · 13.5 mi away
Sturgis Williams Middle School
Secondary · 17.8 mi away
Meade School District 46-1
School · 17.8 mi away
Sturgis Elementary School
Elementary · 17.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Lot 26 Block 14 Windmill Drive, Spearfish, SD | $465,000 | — | — | — |
| Lot 26 Block 14 WINDMILL DR, Spearfish, SD | $465,000 | — | — | — |
| 426 Lone Elk Road, Spearfish, SD | $469,000 | — | — | — |
| 426 LONE ELK, Spearfish, SD | $469,000 | — | — | — |
| 735 N Ames Street, Spearfish, SD | $475,000 | 4 | — | 1,102 |
| 502 Wildwood Drive, Spearfish, SD | $489,000 | 5 | — | 2,524 |
Moving Cost Estimate
EXIT Agents in Spearfish
Listing Courtesy: GREAT PEAKS REALTY MUNRO & GRAN - 6057177325
Presented by: HEATH GRAN