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    Spearfish, SD Multifamily Properties for Sale

    9 results
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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 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
    View details
    Spearfish Land with Income Potential
    $900,000
    1.62 Acres

    Spearfish Land with Income Potential

    3225 Old Belle Rd, Spearfish, SD 57783

    1.62 acres with barn, duplex, and expansion possibilities.

    • 1.62‑acre investment property with expansion potential.
    • Updated duplex rental home (2 bedrooms, 1 bathroom per unit).
    • Barn currently leased as office & storage space.
    • Located just off Exit 8.
    • Ample land for future expansion, equipment storage, or building.
    Updated: Dec 30, 2025
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    Spearfish Investment Property on Acreage
    $900,000
    3,950 SF

    Spearfish Investment Property on Acreage

    Investment property with duplex, barn, and expansion potential on 1.62 acres.

    3225 Old Belle Rd, Spearfish, SD 57785
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    Spearfish Duplex with Separate Units
    $399,000
    3,071 SF

    Spearfish Duplex with Separate Units

    Up/down duplex in Spearfish, ideal for investment or multi-generational living.

    205 Upper Valley Rd, Spearfish, SD 57783
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    Spearfish Mixed-Use Investment Opportunity
    $1,599,000
    1.62 Acres

    Spearfish Mixed-Use Investment Opportunity

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

    3225 Old Belle Rd, Spearfish, SD 57783
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    Spearfish Duplex Opportunity with Garages
    $575,000
    3,782 SF

    Spearfish Duplex Opportunity with Garages

    Duplex opportunity near Spearfish with garages and spacious pole barn.

    262 Upper Valley Rd, Spearfish, SD 57783
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    Spearfish Duplex Investment Opportunity
    $4,349,000
    3.25 Acres

    Spearfish Duplex Investment Opportunity

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

    1931-1984 Russell St, Spearfish, SD 57783
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    Spearfish Multifamily Development Opportunity
    $359,000
    0.57 Acres

    Spearfish Multifamily Development Opportunity

    Half-acre corner lot zoned R3, ideal for multifamily development.

    13 S 27Th St, Spearfish, SD 57783
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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
    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 9 Active listings in Spearfish, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    23-Unit Apartment Complex in Lead, SD
    $1,500,000
    15,727 SF

    23-Unit Apartment Complex in Lead, SD

    23-unit apartment complex with expansion potential in Lead, South Dakota.

    200 Montana Ave, Lead, SD 57754
    View details
    Remodeled Duplex in Lead, SD
    $379,900

    Remodeled Duplex in Lead, SD

    Recently remodeled duplex with modern amenities, ideal for investment or living.

    8 Baltimore St, Lead, SD 57754
    View details
    Rapid City Duplex Investment Opportunity
    $285,000
    1,640 SF

    Rapid City Duplex Investment Opportunity

    Up/down duplex with recent updates in Northwest Rapid City.

    3225 W Rapid St, Rapid City, SD 57702
    View details
    Rapid City Multifamily Investment Opportunity
    $825,000

    Rapid City Multifamily Investment Opportunity

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

    201 E Nowlin St, Rapid City, SD 57701
    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
    1724 Rustler Cir

    1724 Rustler Cir

    Multifamily properties • 4,256 SF
    Value Estimation by Request
    1724 Rustler Cir, Spearfish, SD 57783
    View details

    Spearfish, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 11 multifamily properties for sale in Spearfish, SD, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 428,630 square feet of properties for sale, with an estimated market value of $10,882,000.

    Sale prices for multifamily properties in Spearfish, SD start at $359,000, averaging $1,554,571, 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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