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2,016 sqft

$550,000

603 Jensen Highway, Hot Springs SD, 57747

Price per sqft$272.82
Built in1963
Property size2,016 sqft
Property typeCommercial

Overview

Active

Listed Jun 1, 2026

Updated Jun 12

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.

Other Property Details

Furnished
Yes

Broker Reciprocity Courtesy of Black Hills Best Realty

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the SD - Mount Rushmore Area Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Holly Hultgren shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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