$499,000
 $2,679 est/mo Sourced by Back At You

438 S 14th Street,Hot Springs, SD 57747

Hot Springs, SD 57747

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Description

CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with 3 units having same tenants 8 years or longer. Apartment 1 is currently available, and owner is keeping it open for a month or two to sell the fourplex in case the new owner wants to live on site. Good income opportunity by either renting out all 4 units for optimal profit or live in one yourself and bring in some income from the remaining 3. All units have the same floor plan with spacious kitchen, dining, and living room up, and 2 large bedrooms and 1 bath in the garden level basement. Apartment #4 features a bonus sun room area up and extra generous bedroom down. Each unit hosts its own laundry hook-ups. Units #1-3 each have access to 1 garage stall each, while Unit #4 gets 2 garage stalls. New roof, newer aluminum siding, low-maintenance Trex decking, and underground sprinkler system. Some new appliances and paint. Rents are currently below market, as the tenants have been there so long, and #1 would be rented for $1,100. Renters pay their own electric, and 3 are still on separate water meters. Across from Butler Park, very near the library, and all the small town amenities of this charming Southern Black Hills town! Come take a look! :)

Details

MLS #90237
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1984
Days On Site28
Listing Provided ByLewis Realty | Faith Lewis

Features

SQ Feet5,160
BasementY
Units4
Acreage0.30

Interior

HeatingElectric, Baseboard
CoolingRefrig. Wall Unit
Personal PropertyRefrigerator, Electric Range Oven, Window Coverings (Some)

Exterior

ExteriorPaved Street
RoofComposition
ConstructionFrame

Parking

ParkingGarage, Paved, Street Parking

Area Information

StateSD
CountyFall River
CityHot Springs
Zip Code57747
AreaHot Springs
SubareaHot Springs
Community NameFargo Prentice
School DistrictHot Springs
Listing VS Median (in Fargo Prentice)
Price:
$499,000
low | high
Med:
$499,000
50% of Average
sqft:
5,160
low | high
Med:
5,160
50% of Average
$ / sqft:
$97
low | high
Med:
$97
50% of Average
On site:
28
low | high
Med:
28
100% of Average
Sourced by Back At You

Market Activity 57747

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Contact

Learn More About This Property

Cathy Buckmaster

Cathy Buckmaster

Real Estate Center of Spearfish

 (605) 210-2222cathy@realestatecenters.com
StateSD
CountyFall River
CityHot Springs
Zip Code57747
AreaHot Springs
SubareaHot Springs
Community NameFargo Prentice
School DistrictHot Springs
Listing VS Median (in Fargo Prentice)
Price:
$499,000
low | high
Med:
$499,000
50% of Average
sqft:
5,160
low | high
Med:
5,160
50% of Average
$ / sqft:
$97
low | high
Med:
$97
50% of Average
On site:
28
low | high
Med:
28
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $374K - $623K
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
146 S 16th Street Property Photo 1
$480,000
146 S 16th Street
Hot Springs, SD 57747
Listing Updated: September 28, 2026 at 4:03:33 PM PDT
Cathy Buckmaster
(605) 210-2222
Spearfish - 140 W. Jackson Blvd.
Spearfish, SD 57783

Cathy Buckmaster - Real Estate Center of Spearfish