CHARMING 4-PLEX in EXCELLENT LOCATION across from BUTLER PARK in the great town of Hot Springs. 100% occupancy for forever, with 3 units having same tenants 8 years or longer. Apartment 1 is currently available, and owner is keeping it open for a month or two to sell the fourplex in case the new owner wants to live on site. Good income opportunity by either renting out all 4 units for optimal profit or live in one yourself and bring in some income from the remaining 3. All units have the same floor plan with spacious kitchen, dining, and living room up, and 2 large bedrooms and 1 bath in the garden level basement. Apartment #4 features a bonus sun room area up and extra generous bedroom down. Each unit hosts its own laundry hook-ups. Units #1-3 each have access to 1 garage stall each, while Unit #4 gets 2 garage stalls. New roof, newer aluminum siding, low-maintenance Trex decking, and underground sprinkler system. Some new appliances and paint. Rents are currently below market, as the tenants have been there so long, and #1 would be rented for $1,100. Renters pay their own electric, and 3 are still on separate water meters. Across from Butler Park, very near the library, and all the small town amenities of this charming Southern Black Hills town! Come take a look! :)
For sale
$499,000
438 S 14th St, Hot Springs, SD 57747
8beds
--baths
5,160sqft
Quadruplex
Built in 1984
-- sqft lot
$477,500 Zestimate®
$97/sqft
$-- HOA
What's special
Across from butler parkUnderground sprinkler systemNewer aluminum sidingNew roofLow-maintenance trex deckingSome new appliancesBonus sun room area
- 13 days
- 171
- 3
Zillow last checked:
Listing updated:
Listed by:
Faith C Lewis,
Lewis Realty
Source: Mount Rushmore Area AOR,MLS#: 90237
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Heating
- Electric, Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Refrigerator, Electric Range Oven
Features
- Windows: Window Coverings (Some)
- Basement: Full,Finished
Interior area
- Total structure area: 5,160
- Total interior livable area: 5,160 sqft
Video & virtual tour
Property
Parking
- Parking features: Paved, On Street, Garage
- Has garage: Yes
Features
- Entry location: Private Entrance,More than 1/Apartment
Lot
- Size: 0.3 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Metal Siding
- Roof: Composition
Condition
- Year built: 1984
Utilities & green energy
- Electric: Breaker
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Fargo-Prentice
Location
- Region: Hot Springs
Financial & listing details
- Price per square foot: $97/sqft
- Date on market: 9/3/2026
- Listing terms: Cash,New Loan
- Inclusions: All Units, Refrigerator, Range/Oven
- Lease term: Month To Month
- Tenant pays: Gas/Electric, Water/Sewer, See Remarks
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$477,500
$454,000 - $501,000
$1,172/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $499,000-9.3%$97/sqft |
Source: | ||
| 11/1/2025 | Listing removed | $549,900$107/sqft |
Source: | ||
| 9/2/2025 | Listed for sale | $549,900-6.8%$107/sqft |
Source: | ||
| 9/1/2025 | Listing removed | $589,900$114/sqft |
Source: | ||
| 6/30/2025 | Listed for sale | $589,900$114/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 57747
Nearby schools
Schools provided by the listing agent
- District: Hot Springs
Source: Mount Rushmore Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.


