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    Spearfish, SD Apartment Buildings for Sale

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    Spearfish 5-Plex Investment Opportunity
    $659,000
    4,305 SF

    Spearfish 5-Plex Investment Opportunity

    314 5Th St, Spearfish, SD 57783

    Five-unit apartment building in downtown Spearfish, fully occupied.

    • 100% occupancy rate as a 5‑plex rental investment in downtown Spearfish.
    • Four of the five units have been remodeled with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets.
    • Includes a larger 2‑bedroom, 1‑bathroom basement unit.
    • Detached garage accessed from the alley, plus additional parking and front off‑street parking.
    • Common laundry room in the basement.
    Updated: Aug 12, 2025
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    Spearfish Duplex Investment Opportunity
    $4,349,000
    3.25 Acres

    Spearfish Duplex Investment Opportunity

    1931-1984 Russell St, Spearfish, SD 57783

    Income-producing duplexes with expansion potential in Spearfish, South Dakota.

    • Income‑producing property with 100% occupancy rate.
    • Expansion potential: Approved for a total of 42 units, with 18 units available Spring 2026.
    • Modern, fully furnished apartment‑style duplexes.
    • Each unit features an open concept layout, 2 bedrooms (one ensuite), and 2 full bathrooms.
    • Includes appliances: Dishwasher, Dryer, Microwave, Refrigerator, and Washer.
    Updated: Dec 5, 2025
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    Spearfish Multifamily Investment
    $2,200,000
    8,685 SF

    Spearfish Multifamily Investment

    31-Unit Apartment Complex, High Demand

    230 Main St, Spearfish, SD 57783
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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 3 Active listings in Spearfish, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Rapid City Multifamily Investment Opportunity
    $1,625,000

    Rapid City Multifamily Investment Opportunity

    Well-maintained 12-unit complex in growing Rapid City, South Dakota.

    123 E Nowlin St, Rapid City, SD 57701
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    Rapid City Multifamily Investment Opportunity
    $825,000

    Rapid City Multifamily Investment Opportunity

    Well-maintained six-unit complex in growing Rapid City.

    201 E Nowlin St, Rapid City, SD 57701
    View details
    Historic Hot Springs Mixed-Use Building
    $950,999
    10,395 SF

    Historic Hot Springs Mixed-Use Building

    Exceptional historic building with retail, residential, and garage spaces.

    401 N River St, Hot Springs, SD 57747
    View details
    Hot Springs Multifamily Investment Property
    $1,250,000

    Hot Springs Multifamily Investment Property

    Section 8 multifamily property in Hot Springs, South Dakota.

    1601 Evanston Ave Ave, Hot Springs, SD 57747
    View details

    Explore Off-Market Properties in Spearfish, SD

    Consider similar Off-Market properties in Spearfish, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    230 Main St

    230 Main St

    Multifamily properties • 8,685 SF
    Value Estimation by Request
    230 Main St, Spearfish, SD 57783
    View details

    Spearfish, SD Apartment Buildings Investment Opportunities Market Analysis

    Explore 4 apartment buildings for sale in Spearfish, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 169,448 square feet of properties for sale, with an estimated market value of $6,549,000.

    Prices for two-family homes in Spearfish, SD start at $2,200,000, averaging $3,274,500, and reaching up to $4,349,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    • 57783

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