About This Home

This 8-bedroom, 0-bathroom residential multi family at 438 S 14th Street in Hot Springs, SD is listed for $499,000 ($97 per sqft). Built in 1984, the home offers 5,160 sqft of living space on a 0.30 acres lot.

Key Features

  • Built in 1984
  • 0.30 acre lot

Property Details

1984
Listing Description

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! :)

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

438 S 14th Street

Hot Springs, SD 57747

Fargo-Prentice

Features & Amenities

Exterior Features

Paved Street

Property Details

Construction

Frame

Parking

Garage

Heating

Electric (Heating)Baseboard

Cooling

Wall Unit(s)

Questions & Answers

This 8-bedroom, 0-bathroom residential multi family at 438 S 14th Street is listed at $499,000 ($97/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984, 0.30 acre lot. Exterior Features: Paved Street.

This property is listed by Faith Lewis and can be reached at 6058630725.

FL

Faith Lewis

Agent at Lewis Realty

(605) 863-0725
Agent website

Listed by Lewis Realty · Broker phone: (605) 673-5885 · View on Broker Site · Broker website

MLS# 90237· Source: Mt. Rushmore Area Association of Realtors· 19 days on PropertySimple

Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

438 S 14th Street, Hot Springs, SD 57747

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