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For sale
  • Price cut: $25.9K (6/16)
    $399,000

    505 S 5th St, Hot Springs, SD 57747

    2beds
    912sqft
    : 
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    Site Built
    Built in 1940
    0.34 Acres Lot
    $378,100 Zestimate®
    $438/sqft
    $-- HOA

    What's special

    Modern finishesBright open layoutConvenient alley entranceStylish kitchen
    INVESTORS! TWO homes for a good price! Live in one and rent one or rent both! A truly unique and meticulously renovated property offering both a charming primary home and a separate income-producing guest house on a single .17-acre lot. The main residence is a delightful 2-bedroom, 1-bath home with 912 square feet of cozy, turnkey living space. Every inch has been updated, resulting in a very clean, cute, and cozy atmosphere—perfect for first-time buyers, downsizers, or investors. Step inside to discover a bright, open layout with modern finishes, a stylish kitchen, and big picture windows, for natural lighting. Outside, the detached guest home/rental is a standout feature: a fully renovated 1-bedroom, 2-bath unit with 672 square feet of efficient, comfortable space. Accessed via a convenient alley entrance, this guest house includes a rare 2-car carport, making it ideal for long-term tenants, vacation rental income, or multi-generational living. Both homes have been thoughtfully renovated with flooring, fixtures, and appliances—just unpack and enjoy. Whether you’re looking to offset your mortgage with rental income or host family in total privacy, this property delivers. The lot is easy to maintain yet offers room for gardening or outdoor relaxation. Don’t miss this opportunity to own a versatile, income-producing gem in a desirable location. Schedule your private tour today! Listed by Denise Haden, CENTURY21 ClearView, 605-890-0278
    82 days
    |
    219
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Denise Haden,

    Century 21 Clearview Realty

    Source: Mount Rushmore Area AOR,MLS#: 88185MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Level: Main
      • Area: 165
      • Dimensions: 15 x 11
      Bedroom 2
      • Level: Main
      • Area: 110
      • Dimensions: 11 x 10
      Dining room
      • Level: Main
      • Dimensions: 0 x 0
      Kitchen
      • Level: Main
      • Dimensions: 16 x 11
      Living room
      • Level: Main
      • Area: 220
      • Dimensions: 20 x 11
      Heating
      • Propane, Forced Air
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Refrigerator, Electric Range Oven, Microwave
      • Laundry: Main Level
      Features
      • Ceiling Fan(s), Mud Room
      • Flooring: Carpet, Laminate
      • Windows: Double Hung, Double Pane Windows, Sliders, Vinyl, Window Coverings
      • Basement: Partial,Unfinished
      • Number of fireplaces: 1
      • Fireplace features: None
      Interior area
      • Total structure area: 912
      • Total interior livable area: 912 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: No Garage, Carport/2 Cars
      • Carport spaces: 2
      Features
      • Patio & porch: Open Deck
      Lot
      • Size: 0.34 Acres
      • Features: Views, Trees
      Details
      • Additional structures: Guest House
      • Parcel number: 754300050000200

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Site Built
      Materials
      • Frame
      • Foundation: Poured Concrete Fd.
      • Roof: Composition
      Condition
      • Year built: 1940

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      HOA
      • Amenities included: None
      • Services included: None
      Location
      • Region: Hot Springs

      Financial & listing details

      • Price per square foot: $438/sqft
      • Tax assessed value: $232,300
      • Annual tax amount: $2,789
      • Date on market: 4/14/2026
      • Listing terms: Cash,New Loan
      • Road surface type: Paved

        Estimated market value

        $378,100

        $359,000 - $397,000

        $1,104/mo

        Price history

        DateEventPrice
        6/16/2026Price change$399,000-6.1%$438/sqft
        Source: Black Hills AOR #178423 Report a problem
        5/27/2026Price change$424,9000%$466/sqft
        Source: Mount Rushmore Area AOR #88185 Report a problem
        4/14/2026Listed for sale$425,000$466/sqft
        Source: Black Hills AOR #178423 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,789 -5.7%$232,300 +26.3%
        2024$2,956 +18.7%$183,860 -0.4%
        2023$2,491 +0.1%$184,660 +29.6%
        2022$2,489 +10%$142,480 +12.3%
        2021$2,263 +10.1%$126,920 +11.8%
        2020$2,056 -2.4%$113,540 +11%
        2019$2,107 $102,270 +1.3%
        2018-- $100,980 +4.1%
        2017-- $97,030 -12.6%
        2016-- $111,020 +17.4%
        2015-- $94,580 -6.6%
        2011-- $101,230

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 57747

        Getting around

        37 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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