514 & 516 3rd St, Spearfish, SD 57783
Property image
Property image
OFF MARKET

514 & 516 3rd St
Spearfish, SD 57783

  • Studio
  • 3,180 sqft

$643,000

Trulia Estimate
as of Aug 14, 2026

$643,000

Trulia Estimate
as of Aug 14, 2026
Studio
3,180 sqft

Home Value

Trulia Estimate
$643K
Since last month
Decreased$2K (-0.4%)
Since last year
Increased$800 (+0.1%)
Since last sale
Increased$3K (+0.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +1% in the last 10 years
MonthEstimated value
2026
August 2026$643K
July 2026$647K
June 2026$646K
May 2026$648K
April 2026$651K
March 2026$644K
February 2026$645K
January 2026$645K
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
205 Upper Valley Rd, Spearfish, SD
1.41
Multi-Family Home
$389,000
04/16/26
5
-
3,900
2975 Aspen Dr, Spearfish, SD
2.80
Multi-Family Home
$11,600,000
04/30/26
10
-
50,000

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
529 Canyon St, Spearfish, SD 57783
0.03
$431,800
3
3
1,959
Off Market
611 N 3rd St, Spearfish, SD 57783
0.10
$1,011,100
4
3.5
3,500
Off Market
433 N Canyon St, Spearfish, SD 57783
0.06
$243,500
2
1
965
Off Market
427 Canyon St, Spearfish, SD 57783
0.09
$270,000
2
1
964
Off Market
Federal St, Spearfish, SD 57783
0.13
-
-
-
-
Off Market
337 Meier Ave, Spearfish, SD 57783
0.17
$549,700
4
3
3,085
Off Market
335 Meier Ave, Spearfish, SD 57783
0.17
$561,200
4
3
3,106
Off Market
431 Canyon St, Spearfish, SD 57783
0.18
$261,300
2
1
964
Off Market
720 N 5th St, Spearfish, SD 57783
0.21
$326,700
3
1
1,576
Off Market
301 N 5th St, Spearfish, SD 57783
0.20
$484,900
7
-
2,700
Off Market
314 5th St, Spearfish, SD 57783
0.22
$659,000
6
-
4,305
For Sale

Local Information

  • Map ViewExplore the area around 514 & 516 3rd St.
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1984
Living Area
3,180 sqft
Price/Sqft
$202
Parking
Garage

About this House

Rare 4-Plex Investment in the Heart of Spearfish! Don’t miss this exceptional opportunity to own a historically fully occupied 4-plex in one of Spearfish’s most sought-after locations. Perfectly positioned just three blocks from the vibrant downtown business district and only one block from scenic Spearfish Park and the creek, this property offers a unique blend of convenience, charm, and long-term rental appeal. Units 1 & 2 each feature a spacious 2 bed / 1 bath layout with large windows that flood the interior with natural light. These units have been thoughtfully updated with brand-new flooring and fresh paint throughout. Each includes a private laundry area, a new stove and microwave, and a 1-stall garage connected via an oversized mudroom—perfect for added storage or functionality. Residents also enjoy private back patios and access to a side yard, ideal for enjoying the peaceful neighborhood surroundings. Units 3 & 4 are bright and cozy studio apartments offering smart layouts with full kitchens, bathrooms, large living areas, and tucked-away sleeping nooks. These units have seen recent upgrades including new windows, siding, and exterior decks and stairs. With neutral paint and carpet, ample storage, and plenty of natural light, these spaces provide comfortable, low-maintenance living in a fantastic location. Whether you're looking to live in one unit and lease the others, or add a high-performing property to your investment portfolio, this 4-plex delivers.
514 & 516 3rd St, Spearfish, SD 57783 is a studio, 3,180 sqft multi-family built in 1984. It last sold for $640,000 on Jun 30, 2025 (2% below the $650,000 asking price). It is currently off market. The Trulia Estimate is $643,000, with a rent estimate of $1,855/month.

Home Details for 514 & 516 3rd St

Interior Features

Dimensions and Layout
Living Area: 3180 Square Feet
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoEntry Location: Private Entrance

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
No CarportHas a GarageParking: Paved,On Street,Garage
Frontage
Road Surface Type: Paved

Property Information

Year Built
Year Built: 1984
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Frame

Price & Status

Price
List Price: $650,000
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: SOLD-CO-OP BY BOR MEMBER

Location

Direction & Address
City: Spearfish
School Information
Elementary School District: SpearfishJr High / Middle School District: SpearfishHigh School District: Spearfish

Building

Building Area
Building Area: 3180 Square Feet

Lot Information

Lot Area: 7000 sqft

Rental Terms, Policies & Fees

Owner Pays: Water/Sewer

Miscellaneous

Mls Number: 84668
Last check for updates: about 8 hours ago
Listed by Jenni Sneesby
Engel & Voelkers Black Hills Spearfish
Bought with: Aaron Schrader, Black Pine Real Estate
Source: Mount Rushmore Area AOR, MLS#84668

Price and Tax history

DateEventPrice
Jun 30, 2025
Source: Mount Rushmore Area AOR #84668
Sold
$640,000
Jun 6, 2025
Source: Mount Rushmore Area AOR #84668
Contingent
$650,000
Jun 2, 2025
Source: Mount Rushmore Area AOR #84668
Listed For Sale
$650,000

Market trends in Spearfish

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
95
2MoM
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Around this home

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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Spearfish

At least 52 Trulia users voted on each feature.

  • 89 % Say parking is easy

  • 82 % Say it's dog friendly

  • 81 % Say there's wildlife

  • 80 % Say yards are well-kept

  • 79 % Say car is needed

  • 78 % Say there are sidewalks

  • 72 % Say there's holiday spirit

  • 72 % Say kids play outside

  • 69 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 60 % Say streets are well-lit

  • 59 % Say neighbors are friendly

  • 58 % Say it's walkable to restaurants

  • 44 % Say they plan to stay for at least 5 years

  • 39 % Say it's walkable to grocery stores

  • 33 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chadjagow
    "Great community and parks! Walk to everything from our neighborhood and every season has something going on. "
    0
    Flag
  • Brittney M.
    "People are always walking their dogs. But it is difficult to find a place to live with dogs. However, most community members love dogs and you can see people asking dog owners if they can pet them all the time. "
    5
    Flag
  • Brittney M.
    "This is a dog friendly neighborhood for small dogs but not at all for big dogs. Okay thank you "
    6
    Flag
  • Ariannhernandez
    "Is pretty, very safe that you can walk alone during the night. Friendly neighbors. But there is 0 public transportation. "
    1
    Flag
  • Cat
    "Lots of dogs for them to be around. Pretty Nice neighborhood. It’s definitely getting busier around this area"
    3
    Flag
  • Delana R.
    "Live in the area, clean, quiet, beautiful, friendly! Has it all! Growing a little too fast! Was the Best kept Secret now Best! "
    1
    Flag
  • Ibrenner
    "There are too many to name. However, Downtown Friday Nights in the summer are fun for all ages. There is a Fall Festival and a great Holiday Light Parade in December. Spearfish is a great place to live because of the beauty, friendly people, and lots of things to do."
    2
    Flag
  • RDM
    "this is an active mountian biking, fishing and musical community... now with 3 breweries! Always something going on for kids as well. "
    3
    Flag
  • Ladiajakubec
    "No public transportation or taxis but easy with low traffic at all times. also possible to ge arrondiert on a bike."
    2
    Flag
  • Ned H.
    "A mix of families and retirees. Close to park and open spaces. Good views of Crow Peak and Lookout Mountain. "
    0
    Flag
  • Aron R.
    "Good place to live and vacation ".............go visit this place it is a great place to worship. You can live here in extension of your current life "
    0
    Flag
  • Christle
    "Spearfish is a great place to live. College/university, great schools, jobs, great for retirees.....ND workers as well!"
    0
    Flag
  • Marcy
    "steel siding, nice views of lookout and crow peak. hardly no mowing."
    0
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

9 pet-friendly rentals in Spearfish, SD

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Homes for sale near 514 & 516 3rd St

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Off Market Homes Near 514 & 516 3rd St

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Frequently asked questions about 514 & 516 3rd St

  • What is 514 & 516 3rd St estimated to be worth?
    Trulia's estimated value for 514 & 516 3rd St in Spearfish, SD is $643,000.
  • What is the price history for 514 & 516 3rd St?
    514 & 516 3rd St in Spearfish, SD last sold for $640,000 in June 2025.
  • Is Spearfish a buyer's or seller's market?
    Spearfish is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Spearfish?
    Residents describe Spearfish, SD as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See recently sold homes in Spearfish, SD.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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