$5,641 Closing Credit¹
#83064, Listing office: eXp Realty
$650,000 List price
514 3rd St Spearfish, SD 57783
$7,719
Closing credit¹
Multi-Family
Property details
About 514 3rd St
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.
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
(ACTIVE)
(ACTIVE)
Year built1984
MLS #84668
Summary
- Architectural Style: 2 Story
- Heating: Natural Gas
- List Price: $650,000
- Directions: From 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
- Year Built: 1984
- MLS Number: 84668
- Office Name: Engel & Voelkers Black Hills Spearfish
- Office Phone: (605) 716-4847
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 6:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
514 3rd St
$7,719
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Creekside Elementary - 07
Public District 3-5
1.4 mi
•2325 North Ave
4
Lead-Deadwood Elementary - 03
Public District KG-5
10.1 mi
•716 Main St
8
Whitewood Elementary - 04
Public District PK-6
11.3 mi
•603 Garfield St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,244. Typical income of Spearfish, SD residents is less than $<35k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
60%
<35k
33%
35k-100k
4%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
52%
Single, No Kids
8%
Single, with Kids
27%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
4%
12-17 yrs old
34%
18-34 yrs old
34%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
PGA/LPGA
Where do the neighbors shop?
Family Dollar
Kmart
Stein Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Little Caesars
What do the neighbors drive?
Ford
Buick
Lincoln
What do the neighbors listen to?
New Country
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Spearfish, SD
Transportation in Spearfish includes a network of well-maintained roads and highways that connect residents to nearby cities and attractions. Public transportation options are available, with schedules that cater to the needs of the community. The town's layout promotes walkability in several areas, particularly in the downtown district, and there are bike-friendly routes for cycling enthusiasts. While specific ride-sharing services are present, they complement the existing transportation infrastructure, offering additional mobility solutions for residents and visitors.
The community is served by a number of public schools, offering education from elementary through high school levels, as well as a local university that contributes to the educational and cultural life of the town. Healthcare services are available, with facilities providing a range of care including primary and urgent care. Spearfish also features a public library, a variety of retail shops, and dining options that reflect the local culture. The city is attentive to the evolving needs of its residents, with initiatives aimed at enhancing services to accommodate growth and demographic shifts.
Spearfish is celebrated for its scenic beauty and outdoor recreational opportunities, including the nearby Black Hills National Forest. The community prides itself on a friendly, small-town atmosphere that is both welcoming and vibrant. Annual events like the Spearfish Canyon Half Marathon and the Downtown Friday Nights showcase the town's active lifestyle and commitment to community engagement.
Spearfish offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in Spearfish vary, with a mix of modern, ranch-style, and traditional homes. The housing market is dynamic, with a blend of historic homes and newer constructions that cater to a range of preferences. The homeownership rate in Spearfish is robust, reflecting a community invested in long-term residency.
About 514 3rd St
The listing price of 514 3rd St property is $650,000.
The property 514 3rd St is a multi located in Spearfish, South Dakota, 57783.
Active Listing: 514 3rd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 514 3rd St are: Creekside Elementary - 07 (GreatSchools Rating 5/10), Lead-Deadwood Elementary - 03 (GreatSchools Rating 4/10), Whitewood Elementary - 04 (GreatSchools Rating 8/10), Spearfish Middle School - 05 (GreatSchools Rating 6/10), Lead-Deadwood Middle School - 02 (GreatSchools Rating 6/10), Belle Fourche Middle School - 07 (GreatSchools Rating 4/10), Spearfish High School - 01 (GreatSchools Rating 7/10), Lead-Deadwood High School - 01 (GreatSchools Rating 4/10), Belle Fourche High School - 01 (GreatSchools Rating 5/10).
The year of construction for 514 3rd St is 1984.
This home is located at 514 3rd St in Spearfish, SD and zip code 57783. Features: 0 bathroom. It has been listed on Rocket Homes since June 2, 2025 and is currently priced at $650,000.
In May 2025, from all listings sold in Spearfish, SD there were more than 0 sold above asking price, over 9 sold below and more than 4 were sold right at the asked price. The number of listings in Spearfish, SD increased by 19.5% between April and May 2025.
From Rocket Homes Real Estate and based on county public records data.