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For sale
  • $550,000

    603 Jensen Hwy, Hot Springs, SD 57747

    8beds
    --baths
    2,016sqft
    : 
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    Multi Family
    Built in 1963
    -- sqft lot
    $514,800 Zestimate®
    $273/sqft
    $-- HOA

    What's special

    Countertop stoveFurnished efficiency apartment units
    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.
    42 days
    |
    134
    |
    10
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Christine Heidebrink,

    Black Hills Best Realty

    Source: Mount Rushmore Area AOR,MLS#: 88935MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      Heating
      • Electric
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Refrigerator, Microwave
      Features
      • Windows: Window Coverings (Some)
      • Basement: Crawl Space
      Interior area
      • Total structure area: 2,016
      • Total interior livable area: 2,016 sqft

      Property

      Parking
      • Parking features: Paved, Assigned
      Features
      • Entry location: Private Entrance
      Lot
      • Size: 7,840 Square Feet

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame, Wood Siding
      • Roof: Metal
      Condition
      • Year built: 1963

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      Location
      • Region: Hot Springs

      Financial & listing details

      • Price per square foot: $273/sqft
      • Date on market: 6/2/2026
      • Listing terms: Cash,New Loan
      • Inclusions: All Units, Refrigerator, Microwave
      • Lease term: Month To Month
      • Tenant pays: Rent Only
      • Road surface type: Paved

        Estimated market value

        $514,800

        $489,000 - $541,000

        $997/mo

        Price history

        DateEventPrice
        6/2/2026Listed for sale$550,000+4.8%$273/sqft
        Source: Mount Rushmore Area AOR #88935 Report a problem
        2/12/2024Listing removed--
        Source: Black Hills AOR #163787 Report a problem
        7/12/2023Listed for sale$525,000$260/sqft
        Source: Black Hills AOR #163787 Report a problem
        5/31/2023Contingent$525,000$260/sqft
        Source: Black Hills AOR #163787 Report a problem
        5/22/2023Listed for sale$525,000$260/sqft
        Source: Black Hills AOR #163787 Report a problem

        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.
        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

        40 / 100
        Car-Dependent
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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