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8 Beds
5,160 sqft

$499,000

438 S 14th Street, Hot Springs SD, 57747

Price per sqft$96.71
Built in1984
Property size5,160 sqft
Property typeMulti-family

Overview

Active

Listed Sep 3, 2026

Updated 3 weeks ago

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! :)

$3,320/mo

Est. mortgage payment based on a $499,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
90237

Interior Features

Bedrooms
8
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.3 Acres

Broker Reciprocity Courtesy of Lewis Realty

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the SD - Mount Rushmore Area Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elissa Erickson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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