Well-maintained 4-plex featuring four separate units, each with its own private entrance. This income-producing property offers strong rental potential with numerous recent upgrades. The exterior features new stucco, and three of the four units have been completely remodeled. All units are equipped with central air conditioning and energy-efficient on-demand hot water heaters, providing added comfort and convenience for tenants. A great opportunity to add a turnkey multifamily property to your investment portfolio.
For sale
$980,000
611 Railroad Ave, Lead, SD 57754
13beds
--baths
5,176sqft
Quadruplex
Built in 1934
-- sqft lot
$887,500 Zestimate®
$189/sqft
$-- HOA
What's special
New stuccoCentral air conditioning
- 121 days
- 96
- 5
Zillow last checked:
Listing updated:
Listed by:
Rory Sturm,
Blair Allen Luxury Real Estate LLC
Source: Mount Rushmore Area AOR,MLS#: 89018
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
Heating
- Natural Gas, Forced Air
Cooling
- Refrig. C/Air
Appliances
- Included: Dishwasher, Refrigerator, Electric Range Oven, Microwave
Features
- Has basement: Yes
Interior area
- Total structure area: 5,176
- Total interior livable area: 5,176 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
Features
- Entry location: More than 1/Apartment,Private Entrance
Lot
- Size: 3,049 Square Feet
Details
- Parcel number: 310900310015010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Stucco
- Foundation: Poured Concrete Found.
- Roof: Composition
Condition
- Year built: 1934
Utilities & green energy
- Electric: Breaker
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Lead
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $357,250
- Annual tax amount: $3,635
- Date on market: 6/9/2026
Estimated market value
$887,500
$843,000 - $932,000
$1,229/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $980,000$189/sqft |
Source:  Mount Rushmore Area AOR #89018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,635 +6.9% | $357,250 +31.6% |
| 2025 | $3,401 +7.2% | $271,560 +13.4% |
| 2024 | $3,172 +1% | $239,520 +20.8% |
| 2023 | $3,141 +5.5% | $198,250 +9.5% |
| 2022 | $2,977 -0.5% | $181,060 +28.4% |
| 2021 | $2,992 | $141,011 -4.6% |
| 2020 | $2,992 -3.3% | $147,810 |
| 2019 | $3,095 | $147,810 +0.8% |
| 2018 | $3,095 +4.1% | $146,580 +2.5% |
| 2017 | $2,974 +0.4% | $143,030 |
| 2016 | $2,962 +0.9% | $143,030 +0.8% |
| 2015 | $2,935 -4.3% | $141,840 +1.3% |
| 2014 | $3,068 -0.5% | $140,070 -2.8% |
| 2013 | $3,085 | $144,090 +35.2% |
| 2011 | -- | $106,610 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 57754
Nearby schools
Schools provided by the listing agent
- District: Lead/Deadwood
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.
