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.
For sale
$550,000
603 Jensen Hwy, Hot Springs, SD 57747
8beds
--baths
2,016sqft
Multi Family
Built in 1963
-- sqft lot
$517,300 Zestimate®
$273/sqft
$-- HOA
What's special
Countertop stoveFurnished efficiency apartment units
- 117 days
- 75
- 2
Zillow last checked:
Listing updated:
Listed by:
Christine Heidebrink,
Black Hills Best Realty
Source: Mount Rushmore Area AOR,MLS#: 88935
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
$517,300
$491,000 - $543,000
$1,148/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Listed for sale | $550,000+4.8%$273/sqft |
Source: | ||
| 2/12/2024 | Listing removed | -- |
Source: | ||
| 7/12/2023 | Listed for sale | $525,000$260/sqft |
Source: | ||
| 5/31/2023 | Contingent | $525,000$260/sqft |
Source: | ||
| 5/22/2023 | Listed for sale | $525,000$260/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.

