Apartment Building

Spearfish, SD Apartment Buildings for Sale

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5-Unit Apartment Building
Updated: Mar 9
5-Unit Apartment Building

314 5TH ST, Spearfish, SD 57783

$659,000
Five apartments; four have one bedroom and one bathroom, while the basement unit has two bedrooms and one bathroom
Four units updated with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets
New roof installed in summer 2025
Basement common laundry room
Detached garage with alley access, plus front off‑street and additional parking
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22-Unit Apartment Community
Updated: Oct 23, 2024
22-Unit Apartment Community

TBD 1954-1984 RUSSELL ST, Spearfish, SD 57783

$5,685,000
22 rental units across 11 buildings
Approved development plan allows 21 structures and 42 units
Each duplex is 836 sq ft
Two bedrooms, including one ensuite, and two full bathrooms per described layout
Appliances, laundry room, stationary island, and deck or patio
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2 active listings match your search: Apartment Building for sale in Spearfish, SD. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 off-market property to explore as potential leads.

Opportunities in Nearby Cities

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

5-Unit Apartment Building
5-Unit Apartment Building

1948 Hillsview Dr, Rapid City, SD 57702

$549,900
0.90 AC lot

Updated multifamily property near Canyon Lake Park, schools, shopping, and restaurants with tenant and owner storage options.

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31-Unit Apartment Portfolio
31-Unit Apartment Portfolio

840-846 Grant Street, Douglas, WY 82633

Contact for pricing
1 sqft

Fully leased residences span established Douglas neighborhoods near downtown amenities, schools, shopping, and major employment centers.

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Mixed-Use Building with 10 Apartments
Mixed-Use Building with 10 Apartments

110 N 4th, Douglas, WY 82633

$1,200,000

Ground-floor retail space has an alley-access garage door for loading and unloading.

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27-Unit Apartment Building with Garages
27-Unit Apartment Building with Garages

3313 Leland Ln, Rapid City, SD 57702

$1,649,000

Apartment property with on-site laundry, multiple unit layouts, and separate garage facilities.

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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

Estimated value: 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.

Sale prices for apartment complexes 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 $4M

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%

Total CRE Inventory on Market (SF)

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