Add Listing
    Spearfish, SD
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Spearfish, SD Multifamily Properties for Sale

    Notify Me
    List
    Map
    Whitewood, SD Lead, SD Belle Fourche, SD
    9 results
    Turnkey Motel/Airbnb Investment Opportunity
    $1,700,000
    5,787 SF
    Turnkey Motel/Airbnb Investment Opportunity

    450 W Kansas Street, Spearfish, SD 57783

    20-unit motel/Airbnb with development potential in Spearfish, SD.
    • Turnkey 20‑unit motel/Airbnb operation, providing immediate cash flow.
    • Zoned C‑1 Commercial, allowing for diverse income strategies.
    • Development opportunity with completed flood study and plans for two additional duplexes.
    • High‑traffic location and high visibility.
    • Existing infrastructure includes natural gas heating and wall unit cooling.
    Updated: Apr 21
    View details
    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
    View details
    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 Road, Spearfish, SD 57783

    View details
    Spearfish Land with Income Potential
    $900,000
    3,950 SF
    Spearfish Land with Income Potential

    1.62 acres with barn, duplex, and expansion possibilities.

    3225 Old Belle Road, Spearfish, SD 57783

    View details
    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 Road, Spearfish, SD 57785

    View details
    Spearfish Mixed-Use Investment Opportunity
    $1,599,000
    3,950 SF
    Spearfish Mixed-Use Investment Opportunity

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

    3225 Old Belle Road, Spearfish, SD 57783

    View details
    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 Street, Spearfish, SD 57783

    View details
    Turnkey 20-Unit Motel Property
    $1,700,000
    5,787 SF
    Turnkey 20-Unit Motel Property

    Zoned C-1 commercial motel/Airbnb with plans for two duplexes and a completed flood study.

    925 North 3rd Street, Spearfish, SD 57783

    View details
    Spearfish Multifamily Development Opportunity
    $359,000
    0.57 Acres
    Spearfish Multifamily Development Opportunity

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

    Lots 12 & 13 S 27th Street, Spearfish, SD 57783

    View details
    Based on your search, we've compiled 19 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, 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 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 Street, Rapid City, SD 57702

    View details
    Remodeled Duplex in Lead, SD
    $309,900
    Remodeled Duplex in Lead, SD

    Recently remodeled duplex with modern amenities and convenient location.

    8 Baltimore Street, Lead, SD 57754

    View details
    Rapid City Duplex Investment Property
    $285,000
    Rapid City Duplex Investment Property

    Fully rented duplex in Rapid City with consistent income.

    3417 W Rapid Street, Rapid City, SD 57702

    View details
    Thirteen-Unit Apartment Complex For Sale
    $1,195,000
    12,328 SF
    Thirteen-Unit Apartment Complex For Sale

    Thirteen-unit apartment complex with recent updates and meticulous care.

    300 Aspen Drive, Lead, SD 57754

    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.

    Residential Development Opportunity in Buffalo
    $407,000
    5.77 Acres
    Residential Development Opportunity in Buffalo

    5.77 acres for residential development with city utilities available.

    TBD Glencoe Way, Buffalo, WY 82834

    View details
    Commercial Land with RV Park
    $435,000
    3.88 Acres
    Commercial Land with RV Park

    Mobile home and RV park with expansion potential in Glendive.

    1003 W Bell St, Glendive, MT 59330

    View details
    Residential Subdivision Land Opportunity
    $50,000
    Residential Subdivision Land Opportunity

    49-lot subdivision suitable for various residential development projects.

    1 Rainbow Estates, Glendive, MT 59330

    View details
    Residential Land in Carpenter, WY
    $82,000
    6.00 Acres
    Residential Land in Carpenter, WY

    Corner lot with no covenants, manufactured housing allowed.

    Road 201, Carpenter, WY 82054

    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
    Multifamily properties
    8,685 SF Lot: 0.64 Acres

    230 Main St, Spearfish, SD 57783

    View details
    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 31,511 square feet of properties for sale, with an estimated market value of $8,033,000.

    Sale prices for multifamily properties in Spearfish, SD start at $575,000, averaging $1,147,571, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Duplexes 6
    Apartment buildings 3
    Short term rental properties 1

    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 median listing prices of real estate assets

    Neighborhood Average Price
    Sturgis $900K
    Spearfish $1.4M

    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%

    Listings Trend

    Total CRE Area on Market Trend

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Browse Multifamily properties for Sale Near Spearfish, SD

    Popular Searches in Spearfish, SD

    Popular Categories

    Most Searched ZIP Codes in Spearfish, SD

    • 57783
    • 57785

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!