Listed by Jeremy Kahler, KWBH, 605-381-7500. Great opportunity to add to your investment portfolio- 23 unit apartment complex with 100% occupancy in Lead, SD with consistent rental history and great potential to expand! *Property is all on one level, with zero-entry access for easy accessibility, and complies with most ADA requirements *This one building facility has 14 studio apartments, 6- 1 bed/1 bath units and 3- 2 bed/1 bath units *Each apartment has a kitchen/kitchenette space, bathroom with walk in shower and separate heating/cooling units *On-site coin operated laundry room *Safety features include: secured entry, video surveillance and an internal sprinkler system *Common spaces include: rest rooms, communal seating areas (inside and out), rec rooms and storage areas *Front office space for onsite management *Manicured exterior with sprinkler maintained lawn and landscaping, outdoor seating areas and a walkway around the building *Flat private parking lot (1 space/unit) plus 6 assigned covered parking spaces *Great potential to expand- property has multiple storage spaces, public restrooms, a commercial kitchen, set up for an in-house barber shop, and space for potential unit expansion. Centrally located behind Lynns Dakota Mart grocery store. **Seller will consider doing owner financing**
Property Details
Price:
$1,690,000
MLS #:
83794
Status:
Active
Baths:
0
Type:
Multi Family
Neighborhood:
lead
Listed Date:
Apr 7, 2025
Finished Sq Ft:
15,727
Year Built:
2002
See this Listing
Schools
Interior
BASEMENT/SUBSTRUCT
Slab
COOLING
Refrig. Wall Unit
HEATING
Electric, Cove
Exterior
EXTERIOR
Outbuildings, Paved Street
PARKING
Paved, Common, Covered Parking
Financial
Map
Community
- Address200 Montana Avenue Lead SD
- NeighborhoodLead
- CityLead
- Zip Code57754
Subdivisions in Lead
- Auburn Acres
- Aventure Estates
- Bellefish #1
- Bender
- Black Forest Ranchettes
- Bulldog Ranch Subdivision
- Country Club Lead
- Dancing Sky Addition
- Deadbroke
- Deer Mountain
- Deer Mountain Village
- Denver
- Gilded Mountain
- Hearst Addition
- Lost Camp Valley
- Lost Meadows
- MAYS Subdivision
- Morningside Subdivision
- Old Toboggan Hills
- Original Town
- Paradise Acres
- Paradise Acres 2
- Paradise Acres 4
- Powder House Pass
- Rimrock Canyon Subdivsion
- Rosetta
- Spearfish Canyon Lots
- Sugarloaf Village
- Sunnyside
- Thunder Ridge
- Trailside Addition
- Wilderness Estates
- Yellow Creek
Market Summary
Current real estate data for Multi Family in Lead as of Dec 07, 2025
2
Multi Family Listed
180
Avg DOM
107
Avg $ / SqFt
$1,044,950
Avg List Price
Property Summary
- 200 Montana Avenue Lead SD is a Multi Family for sale in Lead, SD, 57754. It is listed for $1,690,000 To schedule a showing of MLS#83794 at 200 Montana Avenue in Lead, SD, contact your Dakota Home and Ranch Real Estate agent at 605.645.8983.
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Courtesy of Keller Williams Realty Black Hills SP. 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 Dakota Home and Ranch Real Estate include the name of the listing broker. Neither the listing company nor Dakota Home and Ranch Real Estate 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 2025. . All rights reserved.

200 Montana Avenue
Lead, SD


