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Spearfish, SD Residential Income Properties for Sale

10 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
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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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Updated Mobile Home in Spearfish
$64,900
924 SF

Updated Mobile Home in Spearfish

Move-in ready 3-bedroom, 1.5-bathroom mobile home in Mountain Shadows Estates.

1138 Spearfish Mountain Ln, Spearfish, SD 57783
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Spearfish Townhouse Near University
$429,000
2,486 SF

Spearfish Townhouse Near University

Three-bedroom, three-bath townhouse near Black Hills State University.

813 University St, Spearfish, SD 57783
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Remodeled 5-Bedroom Home Near BHSU
$365,000
2,112 SF

Remodeled 5-Bedroom Home Near BHSU

Charming, remodeled 5-bedroom home near BHSU, move-in ready.

1014 Spartan Dr, Spearfish, SD 57783
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Sandstone Hills Home with Mountain Views
$475,000
2,688 SF

Sandstone Hills Home with Mountain Views

Meticulously kept home with mountain views and main level amenities.

1807 Windmill Dr, 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
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Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 10 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.

Deadwood Home with Quality Finishes
$485,000
1,892 SF

Deadwood Home with Quality Finishes

Three-bedroom home with quality finishes, desirable location, and updated features.

788 Stage Run Rd, Deadwood, SD 57732
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Historic Commercial Property in Deadwood
$464,000
2,268 SF

Historic Commercial Property in Deadwood

Four-bedroom commercial property in downtown Deadwood with parking.

31 Charles St, Deadwood, SD 57732
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Dakota Highland Estates Home
$1,249,000

Dakota Highland Estates Home

Luxury home on 4.43 acres with stunning views.

12290 Pr Vw, Whitewood, SD
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New Triplex in Whitewood, SD
$795,000
3,577 SF

New Triplex in Whitewood, SD

New triplex in Whitewood, SD with attached garages.

704 South St, Whitewood, SD 57793
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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
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1724 Rustler Cir

1724 Rustler Cir

Multifamily properties • 4,256 SF
Value Estimation by Request
1724 Rustler Cir, Spearfish, SD 57783
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Spearfish, SD Residential Income Properties Investment Opportunities Market Analysis

Explore 12 residential income properties for sale in Spearfish, SD, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 1,067,220 square feet of properties for sale, with an estimated market value of $11,051,000.

Prices for residential income properties in Spearfish, SD start at $169,000, averaging $1,381,375, 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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