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Spearfish, SD 57783 514 & 516 3rd Street

514 & 516 3rd Street Spearfish, SD - Image 1514 & 516 3rd Street Spearfish, SD - Image 2514 & 516 3rd Street Spearfish, SD - Image 3
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Presented By: Engel & Voelkers Black Hills Spearfish
  • MLS# 84668
  • 06/01/2025
  • Request Tour
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  • Beds • 4
  • Baths • 4
  • Garage • 1

Home Details

Rare 4-Plex Investment in the Heart of Spearfish! Don’t miss this exceptional opportunity to own a historically fully occupied 4-plex in one of Spearfish’s most sought-after locations. Perfectly positioned just three blocks from the vibrant downtown business district and only one block from scenic Spearfish Park and the creek, this property offers a unique blend of convenience, charm, and long-term rental appeal. Units 1 & 2 each feature a spacious 2 bed / 1 bath layout with large windows that flood the interior with natural light. These units have been thoughtfully updated with brand-new flooring and fresh paint throughout. Each includes a private laundry area, a new stove and microwave, and a 1-stall garage connected via an oversized mudroom—perfect for added storage or functionality. Residents also enjoy private back patios and access to a side yard, ideal for enjoying the peaceful neighborhood surroundings. Units 3 & 4 are bright and cozy studio apartments offering smart layouts with full kitchens, bathrooms, large living areas, and tucked-away sleeping nooks. These units have seen recent upgrades including new windows, siding, and exterior decks and stairs. With neutral paint and carpet, ample storage, and plenty of natural light, these spaces provide comfortable, low-maintenance living in a fantastic location. Whether you're looking to live in one unit and lease the others, or add a high-performing property to your investment portfolio, this 4-plex delivers.
Presented By: Engel & Voelkers Black Hills Spearfish

Interior Features for 514 & 516 3rd Street

Other Interior Features

# of Units4

General for 514 & 516 3rd Street

Agent First NameJenni
Agent Last NameSneesby
AreaSpearfish
Auction Y/NNo
CitySpearfish
ClassMULTI-FAMILY
ConstructionFrame
CovenantsNo
DirectionsFrom E Jackson Blvd, Turn left onto N Main St, Turn right onto W Grant St, Turn right onto N 3rd Street, Destination will be on the left
Docs on FileProperty Disclosure
HeatingNatural Gas
Listing Agent1635
ParkingPaved, Street Parking, Garage
Pets Allowed (Y/N)No
RoofComposition
Sale/RentFor Sale
School DistrictSpearfish
Short SaleNo
StatusActive
StatusACTIVE
Status Detail0
Style2 Story
TypeFourplex
Year Built1984

Exterior for 514 & 516 3rd Street

ExteriorPaved Street

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $650,000
MLS#84668
List Date 06/01/2025
Property Type Multi-Family
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