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
- CanyonGate Vill
- Cedar Berry Canyon Estates
- Centennial Vista Est
- Cornell
- Country Club Spf
- Crow Peak Bench
- Dodds
- Dry Creek
- ElKhorn Ridge Golf Estates
- Evans Addition
- Falcon Crest
- Frawley Ranch
- Goldenbelt
- Green Acres
- Harmony Heights
- Heritage Addition
- Heritage Drive Patio Homes
- Highland Addition
- Lookout Add
- Lookout Mountain Subdivision
- Lookout Valley Tract
- Miller Addition
- Miller Ranch at Spearfish Canyon
- Mountain Pl 1
- Mountain Pl 2
- Mountain Shadow Estates
- Mt. Shadows SPF
- Original Town
- Palisades Estates
- Peaceful Pines
- Pearson
- Pine Oaks
- Pleasant Ridge
- Ramsdell\’s
- Reebe Ranch Estates
- Rolling Hills
- Ruby Ridge
- Sandstone Hills
- Schar
- Sky Ridge
- Spring Creek Preserve Subdivision
- Sunset Oaks
- The Homestead at Countryside
- The Reserve On Higgins Creek
- The Timbers
- The Woodlands
- Top Shelf Development
- Valley View
- Voorhees Addition
- Wild Turkey Estates
Market Summary
Current real estate data for Multi Family in Spearfish as of Apr 17, 2026
6
Multi Family Listed
197
Avg DOM
241
Avg $ / SqFt
$1,301,583
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 To schedule a showing of MLS#82169 at 1931-1984 Russell Street in Spearfish, SD, contact your Dakota Home and Ranch Real Estate agent at 605.645.8983.
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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 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 2026. . All rights reserved.
1931-1984 Russell Street
Spearfish, SD