#173909, PATTY SCHULTZ, Listing office: HEARTLAND REAL ESTATE
Property details
About 701 5th Ave
This well-maintained four-plex in Edgemont offers strong investment potential. Each of the four units includes two bedrooms and one bathroom, with approximately 650 square feet of living space per unit. Built in 1974, the property has had a consistent 0% vacancy rate for several years, reflecting steady rental demand in the area. Each unit has its own water heater, and laundry in unit. The upper-level units feature small balconies off the dining and kitchen areas, enhancing their livability and lower units a covered patio area. An off-street parking lot provides ample space for tenants. The current owner has intentionally kept rents below market to support long-term tenants, but with modest renovations and updates, there is significant potential to increase rental income and overall value
Highlights
Home typeMulti Family
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWall Unit(s)
Size3,360 sqft
Year built1974
MLS #85403
Summary
- Architectural Style: Up & Down
- Cooling: Wall Unit(s)
- List Price: $395,000
- Price/SqFt: $117
- Annual Tax Amount: $3,284
- Tax Year: 2023
- Directions: Head north on US-18/Main Street Continue through downtown At the intersection right 3 blocks on 5th
- Year Built: 1974
- Living Area: 3,360 SqFt
- MLS Number: 85403
- Office Name: Superior Property Management, LLC
- Office Phone: (307) 622-9559
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: 7/25/2025, 1:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $146,085 | $3,284 |
| 2022 | $133,960 | $2,366 |
| 2021 | $84,220 | $2,367 |
| 2020 | $82,650 | $2,369 |
History based on county public records data.
Nearby schools
4
Hot Springs Elementary - 02
Public District PK-5
19.7 mi
•240 N 19th 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 $33,750. Most Edgemont, SD residents have annual incomes less than $<35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
51%
<35k
38%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
7%
Single, with Kids
30%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
14%
18-34 yrs old
45%
35-64 yrs old
24%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
GMC
Cadillac
Oldsmobile
What do the neighbors listen to?
Classic Country
Oldies- Country
All data provided by Home Junction and Claritas
Similar homes for sale
2 days on Rocket
#85404, Listing office: Superior Property Management, LLC
Frequently asked questions
About 701 5th Ave
The listing price of 701 5th Ave property is $395,000.
The property 701 5th Ave is a multi located in Edgemont, South Dakota, 57735.
Active Listing: 701 5th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 701 5th Ave are: Hot Springs Elementary - 02 (GreatSchools Rating 4/10), Edgemont Elementary - 03 (GreatSchools Rating 4/10), Hot Springs Middle School - 06 (GreatSchools Rating 6/10), Hot Springs High School - 01 (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $3,284 (source: MLS/based on county public records data).
The property 701 5th Ave is 3,360 SqFt (source: MLS/tax record).
The year of construction for 701 5th Ave is 1974.
This home is located at 701 5th Ave in Edgemont, SD and zip code 57735. This 3,360 square foot home was built in 1974. Features: 0 bathroom. It has been listed on Rocket Homes since July 23, 2025 and is currently priced at $395,000.
Edgemont, SD housing market in June 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. The number of listings in Edgemont, SD remained the same between May and June 2025.
From Rocket Homes Real Estate and based on county public records data.