721 University St
Spearfish, SD 57783
- 7 Beds
- 5 Baths
- 4,127 sqft (on 0.32 acres)
7 Beds
5 Baths
4,127 sqft
(on 0.32 acres)
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1910
Lot Size
0.32 acres
Living Area
4,127 sqft
Price/Sqft
$149
About this House
Incredible investment opportunity in the beautiful town of Spearfish- home of BHSU and voted "Best Small Town in South Dakota" by Thrillist in 2017! This tri-plex, located in the heart of Spearfish and just 4 blocks from the BHSU campus, offers a great return on investment and low vacancy rate. Metered separately for gas & electric, which tenants pay. Units on the main level have been nicely updated and both include 3 bed, 2 bath with washer/dryer (hookups), dishwashers, and separate entrances. Upper level unit has 1 bed, 1 bath, great living space, washer/dryer, storage closet and separate entrance. Wonderful charm plus upgraded finishes and materials used throughout! Currently, all units are pet & smoke free, well maintained, and full occupancy. Plenty of off street parking on the side & rear of property. Rental rates could be increased as leases expire, current owners do not charge for the 1 car garage but that could offer additional income as well. Buyer & buyer's agent to verify MLS information and measurements
721 University St, Spearfish, SD 57783 is a 7 bedroom, 5 bathroom, 4,127 sqft multi-family built in 1910. It last sold for $315,000 on Jun 21, 2019. It is currently off market. The Trulia Estimate is $613,300, with a rent estimate of $2,079/month.
Home Details for 721 University St
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Heating & Cooling Heating: Forced Air, GasHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2 |
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Year Built Year Built: 1910 |
Property Type / Style Property Type: Multi Family |
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Lot Area: 0.32 acres |
Price History for 721 University St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/21/2019 | $315,000 | Sold | N/A |
| 05/14/2019 | $330,000 | Pending | Agent Provided |
| 05/06/2019 | $330,000 | Listed For Sale | Agent Provided |
Market trends in Spearfish
Last updated June 2026
Avg. sale price
$459K
Sale-to-List Price
—
Price per sq ft
$223
Available listings
97
13MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $6,408 |
| Assessment | $485,930 |
Home facts updated by county records
Comparable Sales for 721 University St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.03 | Multi-Family Home | $389,000 | 04/16/26 | 5 | - | 3,900 | |
3.24 | Multi-Family Home | $11,600,000 | 04/30/26 | 10 | - | 50,000 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 721 University St.
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.
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