Apartment Building

Spearfish, SD Apartment Buildings for Sale

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Lead, SD Belle Fourche, SD Whitewood, SD Deadwood, SD Sturgis, SD Beulah, WY Aladdin, WY Vale, SD
5-Unit Apartment Building with Garage
Updated: Mar 9
5-Unit Apartment Building with Garage

314 5th Street, Spearfish, SD 57783

$659,000
4,305 sqft
5‑unit apartment property with 4,305 square feet
100% occupancy rate
Unit mix includes four 1‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath basement unit
Four units remodeled with updated appliances, fixtures, flooring, cabinets, and plumbing fixtures
Detached garage with alley access, additional parking, and front off‑street parking
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22-Unit Apartment Property
Updated: Oct 23, 2024
22-Unit Apartment Property

TBD 1954-1984 Russell Street, Spearfish, SD 57783

$5,685,000
3.25 AC lot
22 total rental units across 11 buildings
Each unit measures 836 sq ft with 2 bedrooms and 2 full bathrooms
Completed in 2022; 100% occupancy since completion
3.25‑acre site on Russell Street in Spearfish, SD
Approved plan allows 21 structures and 42 total units
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 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

Opportunities in Nearby Cities

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

8-Unit Apartment Building with Zero-Entry
8-Unit Apartment Building with Zero-Entry

811 Mallow Street, Rapid City, SD 57701

$999,500
5,198 sqft 0.40 AC lot

8-unit apartment building on a paved street near downtown Rapid City, with private parking and zero-entry ground-level access.

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6-Plex Apartment with Separate 1-Bedroom Home
6-Plex Apartment with Separate 1-Bedroom Home

103 W 7th St, Gillette, WY 82716

$700,000
5,350 sqft 0.20 AC lot

R-2 zoned 6-plex plus separate 1-bedroom home with off-street parking and recently remodeled units.

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Eight-Unit Apartment Building
Eight-Unit Apartment Building

811 MALLOW ST, Rapid City, SD 57701

Contact for pricing
5,198 sqft

Eight apartments offer varied two- and three-bedroom layouts with on-site private parking.

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Apartment Building with Ten 4-Plex Units
Apartment Building with Ten 4-Plex Units

1922-1931 Harvest Moon Dr, Gillette, WY 82718

$5,900,000
3,384 sqft 0.20 AC lot

PUD-zoned apartment complex with ten fully occupied 4-plex units, new furnaces and water heaters, and large parking.

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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
Multifamily properties

230 Main St, Spearfish, SD 57783

Value Estimation by Request
8,685 sqft 0.64 AC lot
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Spearfish, SD Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Spearfish, SD on our real estate platform. These investment opportunities span a total of 4,305 square feet of properties for sale, with an estimated market value of $6,344,000.

Sale prices for two-family homes in Spearfish, SD start at $659,000, averaging $3,172,000, and reaching up to $5,685,000 — 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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Demographics Overview

Population 18K
Population Growth (5Y) +9.0%
Median Household Income $64,970
College Educated 47.6%

High-Yield Neighborhoods for Investment

Identify Spearfish submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
57783 $659K

Taxes & Financing

Tax Rate (average for all types) 1.58%
Property Tax per SF $27.33 per SF
Tax Rate vs County Average 0.02 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lawrence County

New Delisted

Total CRE Inventory on Market (SF)

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