Discover an exceptional investment opportunity at Creekside Apartments in Custer, SD! This premier 6-unit apartment building is situated in a convenient yet tranquil location within the charming city of Custer. Each unit features 2 bedrooms, 1.5 baths, and two levels of comfortable living space, equipped with essential appliances, including washers and dryers. The units also boast oversized one-stall garages, covered patios, and balconies overlooking lush green space. Designed with an open floor plan, the kitchen, dining, and living areas offer a spacious and inviting atmosphere. Several units have been completely remodeled, and all are maintained in good condition. Complete new roof and gutters in the last two years. The building enjoys many long-term tenants and has a history of full occupancy, with tenants paying all utilities. Nestled in a quiet area yet close to all the amenities Custer has to offer, Creekside Apartments stand out as the nicest rental option in the city. Current rents below market rates. Don’t miss this investment opportunity—contact us today to schedule a viewing and see firsthand why these apartments are a good investment! Sellers had appraisal done recently and can be shared with signed NDA. Two of owners are licensed Real Estate agents. Listing agent is part owner.
Multi-familyProperty Type
1973Year Built
0.93 acresLot Size
$211Price/Sq.Ft.
Listed by Faith Lewis• Lewis Realty/Keller Williams Realty Black Hills
Creekside Apartments! First time offered for sale on the open market. Great opportunity! This premier 6 unit apartment building is in a convenient quiet location in the great City of Custer, SD! Each Unit sports 2 bedrooms/1.5 baths and two levels. Appliances included - including washer/dryers. Each unit has an oversized one stall garage, covered patio, and covered balcony overlooking nice green space. Spacious kit/dining/living area open floor plan. Several units completely remodeled and all are in great condition. Many long-term tenants and never empty. Great tenancy. Rents are between 800 – 875/month. Room for growth. A solid, even, investment for the long run. Tenants pay all utilities. Nicest apartments in Custer!
Year
Property tax
Land + Additions
Assessment*
2025
$12,308 (+83.0%)
$197,853 + $458,852
$656,705
2024
$6,726 (−38.7%)
$197,853 + $736,076
$933,929
2023
$10,971 (+6.3%)
$197,853 + $685,777
$883,630
2022
$10,320 (−6.2%)
$152,257 + $427,794
$580,051
2021
$11,000 (+12.8%)
$110,155 + $411,465
$521,620
2020
$9,748
$110,155 + $411,465
$521,620
Tax history for 40 Mt. Rushmore Rd
Year
Property tax
Land + Additions
Assessment*
2025
$12,308 (+83.0%)
$197,853 + $458,852
$656,705
2024
$6,726 (−38.7%)
$197,853 + $736,076
$933,929
2023
$10,971 (+6.3%)
$197,853 + $685,777
$883,630
2022
$10,320 (−6.2%)
$152,257 + $427,794
$580,051
2021
$11,000 (+12.8%)
$110,155 + $411,465
$521,620
2020
$9,748
$110,155 + $411,465
$521,620
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.94 Acres
Year renovated
1973
Sq. Ft.
7,356
Year built
1973
Style
Multi-Family (5+ Unit)
County
Custer County
APN
008763
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Property details
Interior
Virtual Tour
Heating & Cooling
Has Heating
Heating: Electric
Interior Features
Appliances: Dishwasher, Dryer, Electric Range, Electric Oven, Refrigerator, Range, Oven, Washer
Exterior
Exterior Features
Roof: Metal
Building Information
Construction Materials: Frame
Property Features
Security Features: Smoke Detector(s)
Pets Allowed: Yes
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Other
Lot Information
Lot Size : .935 Acres
Lot Size Acres: 0.93
Location
Schools Information
School District: Custer
Location Information
Directions: Just off Mt Rushmore Road - 40 Mt Rushmore Rd, Custer SD 57730 right behind Starr Insurance
Public facts
Beds: —
Baths: —
Sq. Ft.: 7,356
Stories: 2.0
Lot Size: 0.94 acres
Style: Multi-Family (5+ Unit)
Year Built: 1973
Year Renovated: 1973
County: Custer County
APN: 008763
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Custer Elementary - 02
Public PreK-6 • Assigned • 1.2mi
7/10
Custer Middle School - 05
Public 7-8 • Assigned • 1.3mi
8/10
Custer High School - 01
Public 9-12 • Assigned • 1.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 70-78% chance of a flood reaching the building in the next 30 years
7/10 Fire Factor
18% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 87° expected this year, 18 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Custer, SD • 57730
Average low and high temperatures (°F)
34
15
39
16
52
29
53
30
63
41
71
50
78
56
80
55
76
49
61
37
48
27
44
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 4.9 hours in December, placing it above the
U.S. average for solar exposure.