USASDSpearfishOriginal Town346 Kansas City

346 Kansas City, Spearfish, SD

Name: 346 Kansas City, For Sale in Spearfish - eXp Realty
Brand: L'AVANCE CAPITAL AND REAL ESTATE
SKU: 179473
Price: 2799000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,799,000

000

MLS® 179473

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes

Days Active 13

Lot Size

Approx. Age 1978

MLS® Number 179473

Property Address: 346 Kansas City, Spearfish, SD, 57783

Average square foot calculated using Size range provided by listing agent.

Description

Spearfish Studios presents a rare opportunity to acquire a fully occupied, renovated 39-unit multifamily property located just two blocks from downtown Spearfish. Positioned in one of the Black Hills’ most desirable rental markets, this apartment community offers investors a stabilized asset with strong current income, excellent tenant appeal, and meaningful future upside. The property consists of three separate buildings with a diverse unit mix: 33 studio apartment units, 3 one-bedroom units, 2 two-bedroom units, and 1 spacious five-bedroom basement unit. The buildings include one 3-unit building, one 13-unit building, and one 23-unit building, creating a functional and efficient multifamily layout across the property. Spearfish Studios has benefited from both interior and exterior renovations, giving the property a clean, updated, and attractive feel for residents. The property also includes on-site laundry, a main office, and a communal outdoor area located in the center of the parcels, creating a practical and inviting shared space for tenants. In addition to its current stabilized performance, the property offers potential value-add opportunities. There is room within the main building that may allow for the addition of up to three additional units, subject to any required approvals. The open central area between the parcels may also provide future development or enhancement potential, subject to zoning and municipal requirements. With full occupancy, a renovated physical condition, multiple income-producing buildings, on- site laundry, and an exceptional location near downtown Spearfish, this property is well positioned for both immediate cash flow and long-term appreciation. Spearfish Studios offers an investor the opportunity to acquire a proven multifamily asset in a growing community with strong rental demand, limited comparable inventory, and continued regional growth. Listed by Josiah LaFrance- L'Avance Capital and Real Estate (605) 786-3098

MLS® Number179473

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1978

Basement

DrivewayPaved

Garage Spaces

HeatElectric, Natural Gas

A/CCentral, Wall, Window

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 11, 2026List Date

$2,799,000List Price

Commute

Commute

Starting Address

Destination Address

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