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603 Jensen HighwayHot Springs, SD 57747

Fall River County

$550,000List price
8Beds
2,016Sq Ft
1963Year built
0.18Acre lot
3 months agoOn market

Description

Exceptional income-producing investment opportunity in the heart of Hot Springs! This multifamily property features eight furnished efficiency apartment units designed for convenience, comfort, and low-maintenance ownership. Each unit includes a kitchenette with updated hickory cabinetry and countertops, countertop stove, microwave, refrigerator, and furnishings including a bed, TV, and desk or dresser, making them move-in ready for tenants. Ideally situated next to a grocery store and within walking distance of restaurants, entertainment, banking, and the scenic Fall River walking path, this property offers a highly desirable location that attracts long-term and short-term renters alike. The combination of furnished units, practical amenities, and a central location provides strong rental appeal and consistent income potential. Whether you're looking to expand your portfolio or acquire a turnkey investment property, this well-positioned multifamily offering presents an outstanding opportunity in a growing Black Hills community.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Style
Side/Side
Year built
1963
Living area
2,016 Sq Ft
Lot size
0.18 acres
Days on market
116
MLS® Listing#
88935

Property Features

Appliances
Microwave · Refrigerator
Heating
Electric
Construction
Frame
Roof
Metal
Security
Smoke Detector(s)

Schools

District
Hot Springs

Directions

From the stoplight intersection of University Ave and Chicago St, head south on Chicago St. Property will be just past Lynn's Dakotamart on the left.

Listing Courtesy: Black Hills Best Realty

The data relating to real estate for sale on this website 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 EXIT Realty Black Hills are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. 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.

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Connect with a Local Real Estate Expert

  • Linnea Bulyca

    Sales Representative

    EXIT Realty Black Hills

  • Ray Moore

    Sales Representative

    EXIT Realty Black Hills

  • Hadass Negi

    Associate Broker

    EXIT Realty Black Hills