Spearfish, SD Residential Income Properties for Sale

List

Map

Lead, SD Belle Fourche, SD Whitewood, SD Deadwood, SD Sturgis, SD Beulah, WY Aladdin, WY Vale, SD

9 properties

Sort:

Updated: Mar 9

5-Unit Apartment Building with Garage

314 5th Street, Spearfish, SD 57783

$659,000

4,305 sqft

5‑unit apartment property with 4,305 square feet
100% occupancy rate
Unit mix includes four 1‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath basement unit
Four units remodeled with updated appliances, fixtures, flooring, cabinets, and plumbing fixtures
Detached garage with alley access, additional parking, and front off‑street parking

View details

Updated: Sep 15, 2025

Duplex Rental with Barn Office/Storage

3225 Old Belle Road, Spearfish, SD 57785

$849,000

3,950 sqft 1.62 AC lot

1.62‑acre property just off Exit 8 in Spearfish, SD
Mostly finished barn currently leased as an office and storage space
Updated duplex: each unit offers 2 bedrooms and 1 bathroom
Approx. 3,950 SF total building size
Built in 1967 with frame and brick construction

View details

Duplex with Private Garage Parking

262 Upper Valley Road, Spearfish, SD 57783

$525,000

3,782 sqft 0.52 AC lot

Duplex on a fenced level lot with private garage parking and outbuildings, including a pole barn.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Two-Story Residential Income Property

814 N 8th Street, Spearfish, SD 57783

$347,000

2,481 sqft

Historic two-story property with natural gas service and a kitchen equipped with major appliances.

View details

22-Unit Apartment Property

TBD 1954-1984 Russell Street, Spearfish, SD 57783

$5,685,000

3.25 AC lot

Modern furnished apartments offer open layouts, private outdoor space, and dedicated off-street parking.

View details

Spearfish Multifamily Development Opportunity

S 27th Street lot: 12 & 13, Spearfish, SD 57783

$359,000

0.57 AC lot

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

View details

Turnkey 20-Unit Motel Property

925 North 3rd Street, Spearfish, SD 57783

Contact for pricing

5,787 sqft

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

View details

Mixed-Use Building with Parking

517 N Main Street, Spearfish, SD 57783

$795,000

Renovated mixed-use building offers three commercial spaces and three residential units with six paved off-street parking spaces.

View details

Renovated Duplex with Balcony

735 N Ames Street, Spearfish, SD 57783

Contact for pricing

Renovated 2-story duplex offers two 2-bedroom units, each with a full kitchen, plus a one-car garage and storage.

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.

5-Unit Townhome Apartment Building

2627-2635 Cottontail Drive, Sturgis, SD 57785

$995,000

4,860 sqft

Five single-level townhomes offer private entrances, attached garages, and individual laundry facilities.

View details

Three-Duplex Apartment Building with Garage

802 Miners Avenue, Lead, SD 57754

$275,000

3,894 sqft

Three duplexes with frame construction and natural gas heat, plus a 2-car garage.

View details

Retail Space

209 Terraville Avenue, Lead, SD 57754

Contact for pricing

3,456 sqft

Located in Lead with Residential zoning.

View details

Mobile Home Park Land

543 14th St, Sturgis, SD 57785

Contact for pricing

4.40 AC lot

Land in Sturgis is zoned for mobile homes and currently includes three mobile homes paying lot rents.

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.

Spearfish, SD Building Lot

Tranquility Lane, Spearfish, SD 57783

$104,000

0.39 AC lot

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

View details

Residential Lot in Ruby Ridge

TBD Lot 7A Charles Street, Spearfish, SD 57783

$110,000

0.50 AC lot

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

View details

Mountain View Residential Land Parcel

Tract 12A Lookout Vista Road, Spearfish, SD 57783

$189,000

2.69 AC lot

Residential lot with electricity in place and planned central water, offering space in a Black Hills–area setting.

View details

Residential View Lot in Spearfish

2708 Sweetclover Ct, Spearfish, SD 57783

$250,000

0.65 AC lot

Residential lot with views of Lookout Mountain and surrounding areas.

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.

Multifamily properties

230 Main St, Spearfish, SD 57783

Value Estimation by Request

8,685 sqft 0.64 AC lot

View details

Multifamily properties

1724 Rustler Cir, Spearfish, SD 57783

Value Estimation by Request

4,256 sqft

View details

Spearfish, SD Residential Income Properties Market Trends and Statistics

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 20,305 square feet of properties for sale, with an estimated market value of $9,219,000.

Sale prices for residential income properties in Spearfish, SD start at $347,000, averaging $1,317,000, and reaching up to $5,685,000 — 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

Commercial property segments ranked by active listings on the market

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 average listing prices of real estate assets

Neighborhood	Average Price
Sturgis	$849K
Spearfish	$2M

Taxes & Financing

Tax Rate (average for all types) 1.58%

Property Tax per SF $27.33 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lawrence County

New Delisted

Total CRE Inventory on Market (SF)

Need Help?

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