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    Spearfish, SD
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    Spearfish, SD Apartment Buildings for Sale

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    Lead, SD Whitewood, SD Deadwood, SD
    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.

    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
    $899,000
    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
    Gillette Multifamily Investment Opportunity
    $700,000
    5,350 SF

    Gillette Multifamily Investment Opportunity

    Recently remodeled 6-plex with separate home near downtown Gillette.

    103 W 7th St, Gillette, WY 82716
    View details
    Gillette Apartment Complex For Sale
    $5,900,000
    3,384 SF

    Gillette Apartment Complex For Sale

    Ten well-maintained 4-plex units with good rental history.

    1922-1931 Harvest Moon Dr, Gillette, WY 82718
    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.

    Entitled Multifamily Development Opportunity
    $3,250,000
    0.83 Acres

    Entitled Multifamily Development Opportunity

    Permitted 50-unit multifamily development with retail space for sale.

    403 N River St lot: 403, 417, & 419, Hailey, ID 83333
    View details
    Norman Land For Luxury Condos
    $285,000
    0.74 Acres

    Norman Land For Luxury Condos

    Prime Norman land suitable for luxury condos development.

    801 NW 36th Avenue, Norman, OK 73072
    View details
    Buildable Lot for Luxury Condos
    $285,000
    0.74 Acres

    Buildable Lot for Luxury Condos

    0.74 acre buildable lot zoned for low-density apartments.

    801 36th Ave NW, Norman, OK 73072
    View details
    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres

    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802
    View details

    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 4,305 square feet of properties for sale, with an estimated market value of $659,000.

    Sale prices for two-family homes in Spearfish, SD start at $659,000, averaging $659,000, and reaching up to $659,000 — 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 Strategic Investment

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

    Neighborhood Average Price
    57783 $2.5M

    Taxes & Financing

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

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