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    Spearfish, SD Multifamily Properties for Sale

    7 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, fully occupied.

    • 100% occupancy rate as a 5‑plex rental investment in downtown Spearfish.
    • Four of the five units have been remodeled with new appliances, fixtures, flooring, cabinets, vanities, countertops, sinks, and toilets.
    • Includes a larger 2‑bedroom, 1‑bathroom basement unit.
    • Detached garage accessed from the alley, plus additional parking and front off‑street parking.
    • Common laundry room in the basement.
    Updated: Aug 12, 2025
    View details
    Spearfish Duplex Investment Opportunity
    $4,349,000
    3.25 Acres

    Spearfish Duplex Investment Opportunity

    1931-1984 Russell St, 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: Dec 5, 2025
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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 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 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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    Iconic Mixed-Use Building in Spearfish
    $3,200,000
    63,000 SF

    Iconic Mixed-Use Building in Spearfish

    Mixed-use property with retail, office, and residential units in Spearfish.

    604 Main 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 13 Potential Opportunities for your consideration. Besides 7 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.

    Rapid City Duplex with Updates
    $289,900
    2,512 SF

    Rapid City Duplex with Updates

    Updated duplex in north Rapid City with separate entrances and yards.

    401 College Ave, Rapid City, SD 57701
    View details
    Rapid City Multifamily Investment Opportunity
    $1,625,000

    Rapid City Multifamily Investment Opportunity

    Well-maintained 12-unit complex in growing Rapid City, South Dakota.

    123 E Nowlin St, Rapid City, SD 57701
    View details
    Income Producing Apartment Complex
    $395,000
    0.24 Acres

    Income Producing Apartment Complex

    Turnkey investment property with strong rental history in Newcastle, WY.

    115 S Summit Ave, Newcastle, WY 82701
    View details
    Newcastle, WY Land with Building
    $499,000
    2.47 Acres

    Newcastle, WY Land with Building

    2.47-acre lot with duplex, shop, and additional building.

    540 W Main St, Newcastle, WY 82701
    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 9 multifamily properties for sale in Spearfish, SD, showcased through 7 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.

    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 have the most current data.

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    Most Searched ZIP Codes in Spearfish, SD

    • 57783
    • 57785

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