Presented By: Engel & Voelkers Black Hills Spearfish
MLS# 84668
06/01/2025
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Beds • 4
Baths • 4
Garage • 1
Home Details
Rare 4-Plex Investment in the Heart of Spearfish! Donât miss this exceptional opportunity to own a historically fully occupied 4-plex in one of Spearfishâs 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 mudroomâperfect 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
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