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Spearfish, SD Residential Income Properties for Sale

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Lead, SD Whitewood, SD Deadwood, SD

9 results

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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

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$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

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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 Road, Spearfish, SD 57783

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$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

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Spearfish Commercial Building with Expansion Potential

$1,299,000

9,600 SF

Spearfish Commercial Building with Expansion Potential

Established commercial building near I-90 with income and expansion potential.

3103 E Fairgrounds Loop, 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 Road, Spearfish, SD 57785

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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

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$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

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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.

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

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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.

Newcastle Multi-Unit Investment Opportunity

$329,900

2,400 SF

Newcastle Multi-Unit Investment Opportunity

Well-maintained triplex with strong rental history in Newcastle, Wyoming.

302 S Spokane Ave, Newcastle, WY 82701

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Newcastle Multifamily Investment Opportunity

$395,000

6,708 SF

Newcastle Multifamily Investment Opportunity

Turnkey 5-unit apartment complex with strong rental history.

115 S Summit Ave, Newcastle, WY 82701

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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

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$295,000

Rapid City Duplex Investment Property

Fully rented duplex in Rapid City with consistent income.

3417 W Rapid Street, Rapid City, SD 57702

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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.

$75,000

0.33 Acres

Residential Lot in Spearfish, SD

Residential lot with mountain views in established neighborhood.

1423 Charles Street, Spearfish, SD 57783

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$110,000

0.50 Acres

Residential Lot in Ruby Ridge

Half-acre residential lot ready for construction in Spearfish, SD.

TBD Lot 7A Charles Street, Spearfish, SD 57783

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$109,000

0.39 Acres

Spearfish, SD Building Lot

0.39 acre building lot with views and walk-out potential.

TBD Tranquility Lane, Spearfish, SD 57783

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$189,000

2.69 Acres

Spearfish Land with Panoramic Views

Residential lots with panoramic views and utilities near Spearfish, SD.

Tract 12A Lookout Vista Road, Spearfish, SD 57783

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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 • 8,685 SF

Value Estimation by Request

230 Main St, Spearfish, SD 57783

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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 11 residential income properties for sale in Spearfish, SD, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 35,324 square feet of properties for sale, with an estimated market value of $7,632,000.

Sale prices for residential income properties in Spearfish, SD start at $575,000, averaging $1,090,285, 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.

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Top Commercial Asset Segments

Demographics Overview

Population 18K

Population Growth (5Y) +9.0%

Median Household Income $64,970

College Educated 47.6%

High-Yield Neighborhoods for Strategic 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%

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Spearfish, SD Residential Income Properties for Sale