For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. New Rental expansion!! 2 brand new buildings will be added to this income-producing operation in the Spring 2026 offering a total of 18 rental units! The Russell Street Duplexes located in the Commons at the Reserve in Spearfish are your modern-day fully appliance furnished apartment style, upstairs & downstairs units serve as a fantastic investment opportunity! Each duplex has 836 sq ft providing adequate living space, presenting an open concept layout with large stationary island complimented with 2 bedrooms (one ensuite), 2 full bathrooms and laundry room. Each unit has a deck/patio and off-street parking spaces. These units run at 100% occupancy since they were completed. Currently the site has 7 buildings with a total of 14 units, 2 more newly built buildings to be added in the Spring 2026 – but this full development is approved for 21 structures (42 units) in all. Call today!
Property Details
Price:
$4,349,000
MLS #:
82169
Status:
Active
Baths:
0
Type:
Multi Family
Subdivision:
The Reserve On Higgins Creek
Neighborhood:
spearfish
Listed Date:
Oct 23, 2024
Lot Size:
141,570 sqft / 3.25 acres (approx)
Year Built:
2022
See this Listing
Schools
Interior
BASEMENT/SUBSTRUCT
Slab
Exterior
CONSTRUCTION
Frame
EXTERIOR
Paved Street
PARKING
Paved
ROOF
Composition
Financial
Map
Community
- Address1931-1984 Russell Street Spearfish SD
- NeighborhoodSpearfish
- SubdivisionThe Reserve On Higgins Creek
- CitySpearfish
- Zip Code57783
Subdivisions in Spearfish
- Aspen Hills
- Aspen View Subdivision
- Burno Estates
- Cedar Berry Canyon Estates
- Centennial Vista Est
- Cornell
- Country Club Spf
- Countryside
- Creekside
- Crow Peak Bench
- Deberg Addn
- Dodds
- EAGLE RIDGE EST
- ElKhorn Ridge Golf Estates
- Falcon Crest
- Fox Canyon
- Frawley Ranch
- Goldenbelt
- Green Acres
- Harmony Heights
- Higgins Creek
- Higgins Gulch Subdivision
- Highland Addition
- Homestead
- Lookout Mountain Subdivision
- Lookout Valley Tract
- Miller Addition
- Miller Ranch at Spearfish Canyon
- Mountain Pl 2
- Mountain Shadow Estates
- Mountain Shadows
- Original Town
- Palisades Estates
- Pearson
- Pine Oaks
- Ramsdell’s
- Reebe Ranch Estates
- Riley Subdiviso
- Rolling Hills
- Ruby Ridge
- Sandstone Hills
- Schar
- Sky Ridge
- South 40 Addition Subdivision
- Spearfish Valley Motor Home Estates
- Spring Creek Preserve Subdivision
- Sugar Crk Farms
- Sun Valley
- Sunset Oaks
- The Homestead at Countryside
- The Reserve On Higgins Creek
- The Timbers
- The Woodlands
- Top Shelf Development
- Uhlig
- Upper Valley
- Western Slope Estates
- Wild Turkey Estates
Market Summary
Current real estate data for Multi Family in Spearfish as of Jun 03, 2026
7
Multi Family Listed
215
Avg DOM
241
Avg $ / SqFt
$1,172,643
Avg List Price
Property Summary
- Located in the The Reserve On Higgins Creek subdivision, 1931-1984 Russell Street Spearfish SD is a Multi Family for sale in Spearfish, SD, 57783. It is listed for $4,349,000
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© 2026 Mount Rushmore Area Association of Realtors®., Inc. All Rights Reserved.
Courtesy of Great Peaks Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the . Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. . All rights reserved.

1931-1984 Russell Street
Spearfish, SD
