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 a 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! Listed by Jeffery Christians, Real Broker LLC, and co-listed by Mathias Christians, Real Broker LLC, 605-920-1369
Sold for $340,000 on 07/18/25
$340,000
101 E Summit St, Lead, SD 57754
6beds
--baths
3,068sqft
Quadruplex
Built in 1901
-- sqft lot
$340,100 Zestimate®
$111/sqft
$1,616 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 10:47am
Listed by:
Jeffery R Christians,
Real Broker Spearfish,
Mathias Christians,
Real Broker Spearfish
Bought with:
NON MEMBER
NON-MEMBER OFFICE
Source: Mount Rushmore Area AOR,MLS#: 84349

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Heating
- Natural Gas, Forced Air
Appliances
- Included: Dishwasher, Refrigerator, Electric Range Oven
Interior area
- Total structure area: 3,068
- Total interior livable area: 3,068 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Entry location: Private Entrance
Lot
- Size: 3,920 sqft
Details
- Additional structures: Shed(s)
- Parcel number: 310900370008000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Masonite Siding
- Roof: Composition
Condition
- Year built: 1901
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Lead
HOA & financial
Other financial information
- Total actual rent: 4090
Other
Other facts
- Listing terms: Cash,New Loan
- Road surface type: Paved
Services availability

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