505 S 5TH ST, Hot Springs, SD 57747
No Subdivision · Fall River County
Key Facts
Description
INVESTORS! TWO homes for a good price! Live in one and rent one or rent both! A truly unique and meticulously renovated property offering both a charming primary home and a separate income-producing guest house on a single .17-acre lot. The main residence is a delightful 2-bedroom, 1-bath home with 912 square feet of cozy, turnkey living space. Every inch has been updated, resulting in a very clean, cute, and cozy atmosphere—perfect for first-time buyers, downsizers, or investors. Step inside to discover a bright, open layout with modern finishes, a stylish kitchen, and big picture windows, for natural lighting. Outside, the detached guest home/rental is a standout feature: a fully renovated 1-bedroom, 2-bath unit with 672 square feet of efficient, comfortable space. Accessed via a convenient alley entrance, this guest house includes a rare 2-car carport, making it ideal for long-term tenants, vacation rental income, or multi-generational living. Both homes have been thoughtfully renovated with flooring, fixtures, and appliances—just unpack and enjoy. Whether you’re looking to offset your mortgage with rental income or host family in total privacy, this property delivers. The lot is easy to maintain yet offers room for gardening or outdoor relaxation. Don’t miss this opportunity to own a versatile, income-producing gem in a desirable location. Schedule your private tour today
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1940
Stories
1
Living Area
912 sq ft
Lot Size
0.34 acres
MLS® Listing#
178423
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Fencing
Foundation
Roof
Windows
Security
Other Structures
Utilities
Sewer
Water Source
Schools
- District:
- Fall River
Affordability Calculator
$79,800
Estimated monthly payment
$2,124/mo
Principal $319,200 · Est. interest $445,312 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hot Springs, SD
- $421,429
- Median Listing Price
- 77
- Median Days on Market
- 1,774
- Median Sq Ft
- $253
- Median Price / Sq Ft
- 114
- Active Listings
- This home’s price is 5% below the area median.
- Its price per sq ft is 73% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hot Springs, SD.
Location
Points of Interest in Hot Springs, SD
Showing the Hot Springs area map.
Nearby Schools
Bethesda Lutheran School
School · 0.5 mi away
Hot Springs High School
Secondary · 0.6 mi away
Hot Springs Middle School
Secondary · 0.6 mi away
Hot Springs Elementary - 02
Elementary · 0.8 mi away
Edgemont Elementary - 03
Elementary · 20.3 mi away
Oelrichs High School - 01
Secondary · 20.8 mi away
Custer High School
Secondary · 23.9 mi away
Custer Elementary School
Elementary · 24.4 mi away
Custer School District 16-1
School · 24.6 mi away
Hermosa School
Elementary · 31.6 mi away
Black Hills Children's Home
School · 33.6 mi away
Hill City High School
Secondary · 35.0 mi away
Hill City Middle School
Secondary · 35.0 mi away
Hill City Elementary School
Elementary · 35.1 mi away
Isna Wica Owayawa (Loneman School)
Elementary · 38.5 mi away
Rapid City Christian School
School · 38.9 mi away
Corral Drive Elementary School
Elementary · 43.3 mi away
South West Middle School
Secondary · 43.4 mi away
Calvary Christian School
School · 43.6 mi away
Zion Lutheran School
School · 43.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1801 ALBANY AVE, Hot Springs, SD | $285,900 | 3 | — | 864 |
| 1801 Albany Avenue, Hot Springs, SD | $285,900 | 3 | — | 1,728 |
| 2518 Washington Avenue, Hot Springs, SD | $295,000 | 3 | — | 1,824 |
| 1330 Sherman Street, Hot Springs, SD | $310,200 | 3 | — | 2,058 |
| 1446 Evanston Avenue, Hot Springs, SD | $324,900 | 3 | — | 2,208 |
| 801 Galveston Avenue, Hot Springs, SD | $324,900 | 3 | — | 1,976 |
Moving Cost Estimate
EXIT Agents in Hot Springs
Listing Courtesy: CENTURY 21 CLEARVIEW REALTY - 6057211257
Presented by: DENISE HADEN