Prime Investment Opportunity! This fully updated fourplex is a high-performing income property with excellent cap rate and strong rental history. Recent renovations include new siding, shingles, gutters, and more—offering peace of mind and low-maintenance ownership. Ideally located on a corner lot with flat, concrete surroundings and ample street parking, it’s directly across from the lab, providing a steady source of tenants. The property features two spacious 2-bedroom units and two well-maintained 1-bedroom units, all with long-term tenants in place. Bonus perks include a shed for extra storage, a balcony, and small private yard spaces. Rarely vacant and consistently generating solid income, this is a fantastic addition to any portfolio!
Multi-familyProperty Type
1901Year Built
3,920 sq ftLot Size
$132Est. Price/Sq.Ft.
Listed by JEFFERY CHRISTIANS• REAL BROKER - SPEARFISH
Listed by MATHIAS CHRISTIANS• REAL BROKER - SPEARFISH
Bought with KIEF HANSEN• THE REAL ESTATE GROUP, INC.
A great real estate investment opportunity in Lead, South Dakota. Outstanding view of Open Cut and within walking distance of the Sanford Lab. One vacant unit at time of listings with low historical vacancy rates.
Year
Property tax
Land + Additions
Assessment*
2025
$1,881 (+8.1%)
$9,600 + $108,970
$118,570
2024
$1,740 (+7.9%)
$9,600 + $108,970
$118,570
2023
$1,613 (−3.2%)
$6,400 + $97,560
$103,960
2022
$1,667 (+7.6%)
$4,800 + $80,040
$84,840
2021
$1,549 (−3.4%)
2020
$1,604 (+1.4%)
2019
$1,582 (+0.4%)
$2,800 + $62,610
$65,410
2018
$1,576 (−0.2%)
$2,800 + $62,610
$65,410
2017
$1,579 (−2.5%)
$2,800 + $62,610
$65,410
2013
$1,620
Tax history for 101 E Summit St
Year
Property tax
Land + Additions
Assessment*
2025
$1,881 (+8.1%)
$9,600 + $108,970
$118,570
2024
$1,740 (+7.9%)
$9,600 + $108,970
$118,570
2023
$1,613 (−3.2%)
$6,400 + $97,560
$103,960
2022
$1,667 (+7.6%)
$4,800 + $80,040
$84,840
2021
$1,549 (−3.4%)
2020
$1,604 (+1.4%)
2019
$1,582 (+0.4%)
$2,800 + $62,610
$65,410
2018
$1,576 (−0.2%)
$2,800 + $62,610
$65,410
2017
$1,579 (−2.5%)
$2,800 + $62,610
$65,410
2013
$1,620
*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
4
Stories
—
Lot width
20 ft.
Lot depth
80 ft.
Lot size
1,742 Sq. Ft.
Year renovated
—
Sq. Ft.
1,584
Year built
1901
Style
Single Family Residential
County
Lawrence County
APN
31090-03700-080-10
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 18, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: On Street
Interior
Heating & Cooling
Has Heating
Heating: Forced Air
Room Information
Basement Details: Crawl Space
Exterior
Exterior Features
Roof: Composition
Building Information
Construction Materials: Frame
Property Features
Has View
Security Features: Smoke Detector(s)
Property Information
Property Type: Residential Income
Property Sub Type: Quadruplex
Raw Mls Property Sub Type: Fourplex
Lot Information
Lot Features: Corner Lot, Level
Lot Size : .09 Acres
Zoning: Conforming
Zoning Description: Conforming
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Location Information
Subdivision Name: ORIGINAL TOWN
Public facts
Beds: —
Baths: 4.0
Sq. Ft.: 1,584
Stories: —
Lot Size: 1,742 square feet
Style: Single Family Residential
Year Built: 1901
Year Renovated: —
County: Lawrence County
APN: 31090-03700-080-10
Home facts updated by county records on Sep 18, 2026
Other
Listing Information
List AOR: Black Hills AOR
Around this home
Schools
Lead-Deadwood Elementary - 03
Public K-5 • Assigned • 2.3mi
5/10
Lead-Deadwood Middle School - 02
Public 6-8 • Assigned • 0.8mi
5/10
Lead-Deadwood High School - 01
Public 9-12 • Assigned • 0.8mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 86° expected this year, 17 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, 1 days in 30 years
Provided by First Street
Historical weather
Lead, SD • 57754
Average low and high temperatures (°F)
33
17
36
18
49
30
51
32
62
44
71
51
82
62
77
56
72
51
61
40
47
29
42
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 4.7 hours in December, placing it above the
U.S. average for solar exposure.
10.1 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$384,000 – $465,000
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