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Browse All Lead SD Multi-Family Properties for Sale

$400,000
89507 MLS
Listed by Kera Williams, KWBH, 605-415-6636. Spacious two-level home overlooking Lead, SD with ADU apartment for built-in income potential! Set up as two separate living spaces, this property offers flexibility for rental income or multi-generational living. Built in 1980, the pinterest perfect main home is a blend of historic character with wonderful modern updates and has 4 bedrooms, 2 bathrooms, and 1,760sqft. You’ll love the natural light, comfortable living spaces and unique charm throughout. Features include a large living room, a remodeled kitchen with ceiling height shaker-style cabinetry with soft-close drawers, a hand painted tile floor, and a Frigidaire stainless steel appliance suite. 1 bedroom and a wonderfully updated full bathroom with laundry on the main level. 3 bedrooms on the upper level (2 with walk in closets!) and the home's second bathroom complete this home. Built in 1940, the separate 600sqft ADU apartment (326 White St) has secured access through the the back yard, and has an open concept living space with a cozy corner kitchen with bar seating and all appliances stay. 1 bedroom, 1 bathroom and separate laundry complete this home. Below the apartment are the remnants of a Finnish bath house (currently used for storage). Property has 2 cozy yard spaces and a detached garage with loft storage. Recent updates include: plumbing, electrical wiring, insulation, flooring, lighting and cabinetry. Apartment rental income= $950/mo plus utilities.

324 White Street, Lead
$275,000
89147 MLS
Three duplexes for one low price, including a 2-car garage. Major TLC needed! Opportunity to turn this into a higher-end rental complex with a beautiful yard space and a convenient location. Lead has changed in the past few years, and it's time for these properties to catch up with the times. Four units are 1-bed or efficiency-type spaces. One unit has 2 bedrooms, and the larger home has 3 bedrooms and a beautiful sun porch. Potential to convert these units and layouts to suit different need! Listed by Eric Henneman Real Properties of Lead-Deadwood 605-920-0356

802 Miners Avenue, Lead
$980,000
89018 MLS
Well-maintained 4-plex featuring four separate units, each with its own private entrance. This income-producing property offers strong rental potential with numerous recent upgrades. The exterior features new stucco, and three of the four units have been completely remodeled. All units are equipped with central air conditioning and energy-efficient on-demand hot water heaters, providing added comfort and convenience for tenants. A great opportunity to add a turnkey multifamily property to your investment portfolio.

611 Railroad Avenue, Lead
$300,000
88979 MLS
Well-kept duplex in Lead. Great investment opportunity. Live in one unit and rent out the other to build equity fast! Pine finishes have great cabin vibes in the Mountain Town of Lead. Both units have their own laundry and great storage space for tools, adventure gear, or whatever you collect. Covered deck and patio area, plenty of parking, close to downtown activities, events, and entertainment going on in Lead. Expanding activity at the world-class Sanford Lab presents extra possibilities. Listed by Eric Henneman, Real Properties of Lead-Deadwood - 605-920-0356

118 Spark Street, Lead
$249,900
88939 MLS
Contact Bridget Gostola with Black Mountain Real Estate at (605) 641-3894. Welcome to your next smart investment — a charming duplex nestled in one of Lead's most welcoming neighborhoods, brimming with untapped potential and ready for a visionary buyer to bring it back to life. This spacious fixer-upper offers over 2,000 square feet of living space, featuring five bedrooms and two bathrooms across its duplex layout, plus amazing views out back. The main level boasts a brand-new bathroom, proving that some of the heavy lifting has already been done. Upstairs, the attic presents an exciting opportunity to expand even further, with the potential to create an additional bedroom — perfect for maximizing rental income or adding flexible living space. Off street parking adds convenience for tenants or homeowners. With some creative renovation, this duplex could become a true neighborhood gem and income producer. Schedule your showing today and start imagining the possibilities.

411 W Summit Street, Lead
$327,500
88048 MLS
Triplex in Lead with excellent occupancy and solid, consistent income. Off-street, on-street, and public parking options. Newer windows. Two larger units with spacious rooms and a smaller unit with a great yard area and storage area. All units have nice decks/porches for enjoying the outside air! Two units are 3-bed one bath and the lower unit is a 1-bed 1-bath with a larger hobby/office room. Gross Rents over $42,000, and tenants pay their own electric and heat. Excellent location with post office, Homestake Opera House, Lead Library, shopping, restaurants, pubs, and city park, all within just a few blocks. Listed by Eric Henneman, Real Properties of Lead-Deadwood - 605-920-0356.

330 Gwinn Avenue, Lead
$299,900
177289 MLS
8 Baltimore Ave, Lead, SD – This recently remodeled duplex offers an excellent investment opportunity or the perfect live-in/rent-out option. Each unit features 3 spacious bedrooms, an updated full bath, large living areas, new appliances, modern floor coverings, and stylish updated fixtures. This historic property has been thoughtfully improved with new siding, asphalt shingles, windows, decks, and more—making it virtually maintenance-free for years to come. Both units enjoy access to the unfinished basement with extra storage space and a brand-new washer and dryer. Located just one block off Main Street, less than a mile from the Sanford Underground Research Facility, and only minutes from Terry Peak Ski Area, this property offers both convenience and year-round appeal. Whether you’re looking to expand your rental portfolio or settle into one unit while generating income from the other, 8 Baltimore is a move-in-ready opportunity in the heart of the Black Hills.

8 Baltimore, Lead
$299,900
87298 MLS
8 Baltimore Ave, Lead, SD – This recently remodeled duplex offers an excellent investment opportunity or the perfect live-in/rent-out option. Each unit features 3 spacious bedrooms, an updated full bath, large living areas, new appliances, modern floor coverings, and stylish updated fixtures. This historic property has been thoughtfully improved with new siding, asphalt shingles, windows, decks, and more—making it virtually maintenance-free for years to come. Both units enjoy access to the unfinished basement with extra storage space and a brand-new washer and dryer. Located just one block off Main Street, less than a mile from the Sanford Underground Research Facility, and only minutes from Terry Peak Ski Area, this property offers both convenience and year-round appeal. Whether you’re looking to expand your rental portfolio or settle into one unit while generating income from the other, 8 Baltimore is a move-in-ready opportunity in the heart of the Black Hills.

8 Baltimore Street, Lead
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