$550,000
( $272.82Per Sq Foot )
 $2,953 est/mo Sourced by Back At You

603 Jensen Highway,Hot Springs, SD 57747

Hot Springs, SD 57747

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Description

Exceptional income-producing investment opportunity in the heart of Hot Springs! This multifamily property features eight furnished efficiency apartment units designed for convenience, comfort, and low-maintenance ownership. Each unit includes a kitchenette with updated hickory cabinetry and countertops, countertop stove, microwave, refrigerator, and furnishings including a bed, TV, and desk or dresser, making them move-in ready for tenants. Ideally situated next to a grocery store and within walking distance of restaurants, entertainment, banking, and the scenic Fall River walking path, this property offers a highly desirable location that attracts long-term and short-term renters alike. The combination of furnished units, practical amenities, and a central location provides strong rental appeal and consistent income potential. Whether you're looking to expand your portfolio or acquire a turnkey investment property, this well-positioned multifamily offering presents an outstanding opportunity in a growing Black Hills community.

Details

MLS #89071
Listing TypeFor Sale
StyleOther
Sub-TypeResale
StatusActive
Year1963
Days On Site111
Listing Provided ByBlack Hills Best Realty | Christine Heidebrink

Features

SQ Feet2,016
BasementY
Story(s)1
Acreage0.18

Interior

HeatingElectric
CoolingRefrig. Wall Unit

Exterior

ConstructionFrame

Parking

ParkingAssigned, Parking Lot, Paved
Parking Spaces8+

Area Information

StateSD
CountyFall River
CityHot Springs
Zip Code57747
AreaHot Springs
SubareaHot Springs
Listing VS Median (in 57747)
Price:
$550,000
low | high
Med:
$391,000
78.909090909091% of Average
sqft:
2,016
low | high
Med:
986
100% of Average
$ / sqft:
$273
low | high
Med:
$426
6.330758059832% of Average
On site:
111
low | high
Med:
88
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
Listing VS Median (in 57747)
Price:
$550,000
low | high
Med:
$391,000
78.909090909091% of Average
sqft:
2,016
low | high
Med:
986
100% of Average
$ / sqft:
$273
low | high
Med:
$426
6.330758059832% of Average
On site:
111
low | high
Med:
88
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $412K - $687K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
603 Jensen Highway Property Photo 1
$550,000
603 Jensen Highway
Hot Springs, SD 57747
Listing Updated: September 28, 2026 at 4:06:20 PM PDT
Cathy Buckmaster
(605) 210-2222
Spearfish - 140 W. Jackson Blvd.
Spearfish, SD 57783

Cathy Buckmaster - Real Estate Center of Spearfish