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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 Street, Spearfish, SD 57783

    Five-unit apartment building in downtown Spearfish with high occupancy.

    • Incredible rental investment opportunity with 100% occupancy rate.
    • Four of five units remodeled with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets.
    • Located in downtown Spearfish.
    • Includes a larger 2‑bedroom, 1‑bathroom basement unit.
    • Features a detached garage and additional parking, plus front off‑street parking.
    Updated: Mar 9
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    Spearfish Duplex Investment Opportunity
    $4,349,000
    3.25 Acres

    Spearfish Duplex Investment Opportunity

    1931-1984 Russell Street, 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: Oct 23, 2024
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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 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, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Rapid City Apartment Investment Opportunity
    $999,500
    5,198 SF

    Rapid City Apartment Investment Opportunity

    Eight-unit apartment complex in central Rapid City with high occupancy.

    811 Mallow Street, Rapid City, SD 57701
    View details
    Rapid City Multifamily Investment Property
    $990,000
    0.16 Acres

    Rapid City Multifamily Investment Property

    8-unit multifamily property near downtown and School of Mines.

    10 E Quincy Street, Rapid City, SD 57701
    View details
    Extended Stay Motel with Apartments
    $650,000
    0.49 Acres

    Extended Stay Motel with Apartments

    18-unit motel with apartments and storage units in Buffalo, WY.

    845 Fort Street, Buffalo, WY 82834
    View details
    Mixed-Use Property with Rental Income
    $650,000
    9,000 SF

    Mixed-Use Property with Rental Income

    Mixed-use property featuring apartment and storage units for sale.

    845 Fort St, Buffalo, WY 82834
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Spearfish Land with Income Potential
    $900,000
    3,950 SF

    Spearfish Land with Income Potential

    1.62 acres with barn, duplex, and expansion possibilities.

    3225 Old Belle Road, Spearfish, SD 57783
    View details
    Spearfish Mixed-Use Investment Opportunity
    $1,599,000
    3,950 SF

    Spearfish Mixed-Use Investment Opportunity

    Successful business and investment property on 1.62 acres near Exit 8.

    3225 Old Belle Road, Spearfish, SD 57783
    View details
    Spearfish Land Development Opportunity
    $2,080,000
    40.00 Acres

    Spearfish Land Development Opportunity

    40 acre commercial land parcel in Spearfish, South Dakota.

    TBD E Colorado Boulevard, Spearfish, SD 57783
    View details
    Commercial Land on Highway 85
    $499,000
    45.29 Acres

    Commercial Land on Highway 85

    45.29 acre commercial lot in rapidly expanding Spearfish area.

    Tract P Highway 85, Spearfish, SD 57783
    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 3 apartment buildings for sale in Spearfish, SD 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.

    Sale 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 stay ahead with the latest data and market trends.

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