728-748 E Main St, Sturgis, SD 57785
Property image
Property image
OFF MARKET

728-748 E Main St
Sturgis, SD 57785

  • Studio

$1,115,300

Trulia Estimate
as of Jul 8, 2026
Est. Refi. Payment $6,613/mo*
Refinance Your Home

$1,115,300

Trulia Estimate
as of Jul 8, 2026
Est. Refi. Payment $6,613/mo*
Refinance Your Home
Studio
(on 1.16 acres)

Local Information

  • Map ViewExplore the area around 728-748 E Main St.
  • Schools1 Preschool School9 Elementary Schools6 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Here's your prime investment opportunity! Welcome to Key City Manor Apartments, located just blocks from downtown Sturgis. This property is a 32-unit HUD apartment building (with an HAP contract) featuring 16 one bedroom, one bathroom units and 16 efficiency, one bathroom units. Four sets of coin-op washer and dryers are located on the property, offering an additional income source, both an indoor and outdoor common area for tenants and ample off-street parking for each unit. This property has a record of a low vacancy rate of 93% and historic rent increases through HUD. Various capital improvements have been made in recent years including updated flooring and appliances in some units, new water heaters and boiler pumps, new exterior doors, one new coin-op washing machine, extensive concrete work in sidewalks and a new roof in 2022. Maintenance, management and vendors in place should a buyer choose to continue with the current operations team. Enjoy a 7% cap rate in this excellent investment! Call for more information today. Listed by Madison Reeves, Keller Williams Realty Black Hills - Spearfish (605) 569-9019
728-748 E Main St, Sturgis, SD 57785 is a studio multi-family built in 1970. It last sold for $1,150,000 on Dec 10, 2024 (18% below the $1,399,900 asking price). It is currently off market. The Trulia Estimate is $1,115,300, with a rent estimate of $1,422/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 728-748 E Main St

Interior Features

Interior Details
Basement: Crawl Space
Appliances & Utilities
Appliances: Refrigerator, Electric Range Oven, Washer, DryerDryerRefrigeratorWasher
Heating & Cooling
Heating: BaseboardHas CoolingAir Conditioning: Window Evap.Has HeatingHeating Fuel: Baseboard
Gas & Electric
Electric: BreakerNo Electric on Property
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoEntry Location: Community Entrance
Security
Security: Smoke Detector(s), Security System

Exterior Features

Exterior Home Features
Roof: CompositionOther Structures: Shed(s)
Parking & Garage
No CarportNo GarageParking: Paved,Common

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Brick, Other
Property Information
Included in Sale: All Units, Refrigerator, Range/Oven, Washer, Dryer

Price & Status

Price
List Price: $1,399,900
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: SOLD-NON-BOR MEMBER

Location

Direction & Address
City: Sturgis
School Information
Elementary School District: MeadeJr High / Middle School District: MeadeHigh School District: Meade

Lot Information

Lot Area: 1.16 Acres

Offer

Listing Terms: Cash, New Loan

Business

Expense
Tenant Pays: Rent Only

Rental Terms, Policies & Fees

Owner Pays: Gas/Electric, Water/Sewer, Taxes, Insurance, Janitorial Service

Miscellaneous

Mls Number: 79777
Last check for updates: about 6 hours ago
Listed by Madison Shipman
Keller Williams Realty Black Hills SP
Bought with: Madison Shipman, Keller Williams Realty Black Hills SP
Source: Mount Rushmore Area AOR, MLS#79777

Price History for 728-748 E Main St

DatePriceEventSource
12/10/2024$1,150,000Sold
Mount Rushmore Area AOR #79777
07/15/2024$1,399,900ContingentMount Rushmore Area AOR #79777
07/10/2024$1,399,900PendingToActiveMount Rushmore Area AOR #79777
04/21/2024$1,399,900ContingentMount Rushmore Area AOR #79777
04/15/2024$1,399,900Listed For SaleMount Rushmore Area AOR #79777

Market trends in Sturgis

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
46
7MoM
Skip to last item
  • Results are loading
Skip to first item

Comparable Sales for 728-748 E Main St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2334 S Davenport St, Sturgis, SD
1.01
Multi-Family Home
$330,000
10/01/25
4
-
2,070

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 728-748 E Main St.
View nearby schools on GreatSchools
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 Sturgis

At least 18 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 92 % Say it's dog friendly

  • 92 % Say it's walkable to grocery stores

  • 88 % Say there are sidewalks

  • 88 % Say yards are well-kept

  • 81 % Say there's wildlife

  • 79 % Say people would walk alone at night

  • 78 % Say car is needed

  • 71 % Say they plan to stay for at least 5 years

  • 67 % Say there's holiday spirit

  • 64 % Say it's walkable to restaurants

  • 64 % Say it's quiet

  • 62 % Say kids play outside

  • 55 % Say neighbors are friendly

  • 45 % Say streets are well-lit

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nico.bela7
    "N/A everything is peaceful and people are generally polite. Never had an issue with anyone although there are people who speed through the neighborhood and sometimes are questionable people walking around, urinating in public sometimes. "
    0
    Flag
  • MilTik
    "Lived here for 3 years so far and most everyone are friendly. Cute safe little town with an interesting shops. The price of groceries are a little higher than I’m used to seeing in rapid city. "
    0
    Flag
  • Candice M.
    "You see people walkintheir dogs and people walking to the store all the time! You can go into the store during the winter time and leave the heat running and your car won't be stolen! Very different from Florida's Tampa Bay Area! "
    0
    Flag
  • Wcheno518
    "I love it here. Peaceful and quite quiet and neighbors are nice. Close to everything. There are a couple problem children, and there has been at least one theft that I am aware of and a mean dog.....other than that it’s a great place. "
    2
    Flag
  • Deb S.
    "When we moved to Sturgis we were welcomed by the neighbors so warmly we are great friends to this day. I love my neighborhood it is older but it is awesome. We have moved for my husbands job, but, we are keeping our home, so we rented it out to our neighbors family. We will be back. "
    1
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Washer/dryer

Homes for sale near 728-748 E Main St

Skip to last item
Skip to first item

Off Market Homes Near 728-748 E Main St

Skip to last item
Skip to first item
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.
Copyright 2026 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved