Real Estate Investment Properties for Sale in Spearfish, SD

Looking for investment property in Spearfish, SD with high ROI ?

Explore a variety of short-term homes & houses in Spearfish, SD. Invest wisely with VRBO & Spearfish, SD Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Spearfish, SD

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2427 Windmill Drive Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Michael War...	3 beds \| 3 baths \| 2,946 sq.ft.	$439,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.79% Airbnb Rental Income: $1519 Traditional Rental Income: $3008 Airbnb ROI: 0.1% Traditional ROI: 4.79%
1221 Charles Street Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Wha...	3 beds \| 3 baths \| 2,274 sq.ft.	$465,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 3.64% Airbnb Rental Income: $1519 Traditional Rental Income: $2679 Airbnb ROI: -0.04% Traditional ROI: 3.64%
2055 Aspen Hills Road Spearfish, SD Listed by CENTURY 21 Spearfish Realty â Mark Kazmer, 605-645-9196. Discover your Black H...	4 beds \| 3 baths \| 3,908 sq.ft.	$975,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 1.06% Airbnb Rental Income: $2438 Traditional Rental Income: $3143 Airbnb ROI: -0.37% Traditional ROI: 1.06%
2147 Talisker Avenue Spearfish, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	4 beds \| 3 baths \| 2,874 sq.ft.	$712,500	Airbnb cash on cash: 0.33% Traditional cash on cash: 2.55% Airbnb Rental Income: $2438 Traditional Rental Income: $3313 Airbnb ROI: 0.33% Traditional ROI: 2.55%
22998 Cedar Berry Avenue Spearfish, SD Motivated seller due to relocation, all offers will be considered. Listed by Jenni Sneesby...	4 beds \| 3 baths \| N/A	$1,250,000	Airbnb cash on cash: -0.8% Traditional cash on cash: -0.1% Airbnb Rental Income: $2438 Traditional Rental Income: $2649 Airbnb ROI: -0.8% Traditional ROI: -0.1%
20091 Ridgefield Loop Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. If ...	4 beds \| 4 baths \| 2,600 sq.ft.	$899,950	Airbnb cash on cash: 0.47% Traditional cash on cash: 2.32% Airbnb Rental Income: $2438 Traditional Rental Income: $3390 Airbnb ROI: 0.47% Traditional ROI: 2.32%
316 Peoria Street Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munr...	5 beds \| 3 baths \| 2,813 sq.ft.	$619,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 3.24% Airbnb Rental Income: $1812 Traditional Rental Income: $3292 Airbnb ROI: -0.18% Traditional ROI: 3.24%
1790 Lookout Mountain Road Spearfish, SD The Lookout Mountain Road property encapsulates Spearfish in its finest decor. An impressi...	2 beds \| 3 baths \| 2,287 sq.ft.	$1,995,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 0.23% Airbnb Rental Income: $1464 Traditional Rental Income: $2926 Airbnb ROI: -0.8% Traditional ROI: 0.23%
2140 Lookout Vista Road Spearfish, SD Contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks...	3 beds \| 2 baths \| 1,280 sq.ft.	$885,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 0.18% Airbnb Rental Income: $1519 Traditional Rental Income: $2140 Airbnb ROI: -1.11% Traditional ROI: 0.18%
1931-1984 Russell Street Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	N/A beds \| N/A baths \| N/A	$3,799,000	Airbnb cash on cash: -0.76% Traditional cash on cash: -0.65% Airbnb Rental Income: $1519 Traditional Rental Income: $1451 Airbnb ROI: -0.76% Traditional ROI: -0.65%
7718 Brooks Loop Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	3 beds \| 3 baths \| 2,856 sq.ft.	$898,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.59% Airbnb Rental Income: $1519 Traditional Rental Income: $3235 Airbnb ROI: 0.01% Traditional ROI: 2.59%
314 5th Street Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	6 beds \| N/A baths \| 4,305 sq.ft.	$659,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 2.26% Airbnb Rental Income: $1812 Traditional Rental Income: $2384 Airbnb ROI: 0.53% Traditional ROI: 2.26%
19977 Gobbler Road Spearfish, SD Listed by Lonnie Doney, KWBH, 605-407-1048. This.Is.It! Thoughtfully designed and meticulo...	3 beds \| 2 baths \| 2,436 sq.ft.	$1,320,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 0.74% Airbnb Rental Income: $1519 Traditional Rental Income: $2811 Airbnb ROI: -0.67% Traditional ROI: 0.74%
10484 W Highway 14 Spearfish, SD If youâve been dreaming of wide-open spaces, breathtaking views, AND the perfect setup f...	5 beds \| 2 baths \| 2,184 sq.ft.	$624,999	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.23% Airbnb Rental Income: $1812 Traditional Rental Income: $2793 Airbnb ROI: 0.71% Traditional ROI: 3.23%
1012 Roughlock Lane Spearfish, SD Welcome home to this lovely 3 bedroom 2 bath home in Mountain Shadows. Beautiful lot with ...	3 beds \| 2 baths \| 1,466 sq.ft.	$169,000	Airbnb cash on cash: 4.55% Traditional cash on cash: 10.47% Airbnb Rental Income: $1519 Traditional Rental Income: $2032 Airbnb ROI: 4.55% Traditional ROI: 10.47%
445 State Street Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. You...	2 beds \| 2 baths \| 1,436 sq.ft.	$319,500	Airbnb cash on cash: 1.51% Traditional cash on cash: 4.79% Airbnb Rental Income: $1464 Traditional Rental Income: $2018 Airbnb ROI: 1.51% Traditional ROI: 4.79%
7925 Duke Parkway Spearfish, SD Welcome to your beautiful new townhome in Elkhorn Ridge! This bright and inviting home sho...	4 beds \| 3 baths \| 2,214 sq.ft.	$669,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 3.63% Airbnb Rental Income: $2438 Traditional Rental Income: $3128 Airbnb ROI: 1.57% Traditional ROI: 3.63%
821 N Rainbow Road Spearfish, SD Welcome to your peaceful retreat! This four bedroom, three bath home is nestled on two bea...	4 beds \| 3 baths \| 2,000 sq.ft.	$795,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.49% Airbnb Rental Income: $2438 Traditional Rental Income: $2952 Airbnb ROI: 0.99% Traditional ROI: 2.49%
1006 S 33rd Street Spearfish, SD Welcome to 1006 S 33rd Street! This spacious and well cared for 4 bedroom, 3 bath home sit...	4 beds \| 3 baths \| 2,200 sq.ft.	$399,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 5.82% Airbnb Rental Income: $2438 Traditional Rental Income: $2969 Airbnb ROI: 2.81% Traditional ROI: 5.82%
2287 Pasque Loop Spearfish, SD Listed by Lonnie Doney, 605-407-1048 & Jeremy Kahler 605-381-7500, KWBH. Nestled on a priv...	5 beds \| 4 baths \| 4,412 sq.ft.	$1,549,000	Airbnb cash on cash: -1.45% Traditional cash on cash: 0.35% Airbnb Rental Income: $1812 Traditional Rental Income: $3916 Airbnb ROI: -1.45% Traditional ROI: 0.35%
378 Oak Ridge Road Spearfish, SD For More Information Please Call Listing Agent Todd Fierro with Great Peaks Realty at 605-...	4 beds \| 3 baths \| 2,946 sq.ft.	$813,500	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.01% Airbnb Rental Income: $2438 Traditional Rental Income: $3362 Airbnb ROI: 0.01% Traditional ROI: 2.01%
3781 W Beartooth Loop Spearfish, SD For more information, please contact listing agent Michael Warwick 605-641-2569 of Great P...	3 beds \| 2 baths \| 1,476 sq.ft.	$498,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 2.82% Airbnb Rental Income: $1519 Traditional Rental Income: $2270 Airbnb ROI: 0.26% Traditional ROI: 2.82%
1216 Foothills Drive Spearfish, SD Listed by Carmen Thompson, ReMax in the Hills, 605-641-0199 and Tedd Thompson, ReMax in th...	3 beds \| 2 baths \| 1,680 sq.ft.	$171,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 10.9% Airbnb Rental Income: $1519 Traditional Rental Income: $2183 Airbnb ROI: 4.11% Traditional ROI: 10.9%
338 Evans Lane Spearfish, SD Contact listing agent Brandon Harvey 605-920-9853 with Great Peaks Realty for more informa...	3 beds \| 2 baths \| 1,280 sq.ft.	$145,900	Airbnb cash on cash: 2.44% Traditional cash on cash: 8.4% Airbnb Rental Income: $1519 Traditional Rental Income: $1910 Airbnb ROI: 2.44% Traditional ROI: 8.4%
308 Upper Valley Road Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX in The Hills (605) 645-2479. If ...	4 beds \| 2 baths \| 2,337 sq.ft.	$375,000	Airbnb cash on cash: 3.38% Traditional cash on cash: 5.78% Airbnb Rental Income: $2438 Traditional Rental Income: $2686 Airbnb ROI: 3.38% Traditional ROI: 5.78%
1217 Silverbrook Lane Spearfish, SD Listed by Denise Gienger, Keller Williams Realty BH, 605-645-8496. Welcome home to easy a...	2 beds \| 2 baths \| 1,063 sq.ft.	$329,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 4.18% Airbnb Rental Income: $1464 Traditional Rental Income: $1965 Airbnb ROI: 1.17% Traditional ROI: 4.18%
3749 Beartooth Loop Spearfish, SD For more information, please contact listing agent Michael Warwick 605-641-2569 with Great...	3 beds \| 3 baths \| 2,066 sq.ft.	$559,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 3.54% Airbnb Rental Income: $1519 Traditional Rental Income: $2948 Airbnb ROI: -0.03% Traditional ROI: 3.54%
1807 Windmill Drive Spearfish, SD Location and views, this meticulously kept single family home in Sandstone Hills with 3 be...	3 beds \| 3 baths \| 2,688 sq.ft.	$459,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 5.06% Airbnb Rental Income: $1519 Traditional Rental Income: $2983 Airbnb ROI: 0.63% Traditional ROI: 5.06%
205 Upper Valley Road Spearfish, SD Listed by Tashi Braun, Re/Max In The Hills, 605-641-3342. Fantastic investment opportunit...	5 beds \| N/A baths \| 3,071 sq.ft.	$425,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.08% Airbnb Rental Income: $1519 Traditional Rental Income: $2480 Airbnb ROI: 0.56% Traditional ROI: 4.08%
1421 Lookout Valley Court Spearfish, SD Move-In Ready & Gorgeous â Youâll Love Every Update! From the moment you step inside, ...	3 beds \| 3 baths \| 2,280 sq.ft.	$359,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 6.46% Airbnb Rental Income: $1519 Traditional Rental Income: $2883 Airbnb ROI: 1.12% Traditional ROI: 6.46%
2424 Windmill Drive Spearfish, SD Property presented by Britney Routh, with RE/MAX In The Hills (605) 641-2447. Welcome to t...	3 beds \| 3 baths \| 2,456 sq.ft.	$425,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 5.13% Airbnb Rental Income: $1519 Traditional Rental Income: $2871 Airbnb ROI: 0.62% Traditional ROI: 5.13%
1219 Snowy Peak Lane Spearfish, SD MOTIVATED SELLER!! Great location in the Mountain Shadows Community! This home is located ...	3 beds \| 2 baths \| 1,680 sq.ft.	$169,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 11.25% Airbnb Rental Income: $1519 Traditional Rental Income: $2241 Airbnb ROI: 4.03% Traditional ROI: 11.25%
2320 Maitland Road Spearfish, SD Come check out this amazing property. Located just outside of Spearfish in Maitland Canyo...	2 beds \| 2 baths \| 1,512 sq.ft.	$550,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 2.74% Airbnb Rental Income: $1464 Traditional Rental Income: $2085 Airbnb ROI: 0.69% Traditional ROI: 2.74%
230 W. Michigan Street Spearfish, SD Charming Townhome in the Heart of Spearfish! ? Looking for space, style, and location? Thi...	4 beds \| 3 baths \| 1,920 sq.ft.	$379,900	Airbnb cash on cash: 3.09% Traditional cash on cash: 5.11% Airbnb Rental Income: $2438 Traditional Rental Income: $2562 Airbnb ROI: 3.09% Traditional ROI: 5.11%
2440 Woodland Loop Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	5 beds \| 4 baths \| 4,943 sq.ft.	$1,499,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.27% Airbnb Rental Income: $1812 Traditional Rental Income: $3938 Airbnb ROI: -0.61% Traditional ROI: 1.27%
2119 Arrowhead Circle Spearfish, SD Easy living in one of Spearfishâs most desirable neighborhoods! This home combines comfo...	3 beds \| 2 baths \| 1,900 sq.ft.	$544,900	Airbnb cash on cash: 0.38% Traditional cash on cash: 3.55% Airbnb Rental Income: $1519 Traditional Rental Income: $2691 Airbnb ROI: 0.38% Traditional ROI: 3.55%
734 St. Joe Street Spearfish, SD For more information please contact listing agents Tim Kudlock 605-210-0561 or Scot Munro ...	3 beds \| 1 baths \| 1,100 sq.ft.	$378,500	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.51% Airbnb Rental Income: $1519 Traditional Rental Income: $1994 Airbnb ROI: 0.93% Traditional ROI: 3.51%
227 E Michigan Street Spearfish, SD Come check out this amazing home! Located in the heart of Spearfish, within walking distan...	4 beds \| 3 baths \| 2,212 sq.ft.	$525,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 3.94% Airbnb Rental Income: $2438 Traditional Rental Income: $2864 Airbnb ROI: 1.85% Traditional ROI: 3.94%
1641 N Ames Street Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Her...	3 beds \| 2 baths \| 1,296 sq.ft.	$175,000	Airbnb cash on cash: 4.04% Traditional cash on cash: 9.42% Airbnb Rental Income: $1519 Traditional Rental Income: $1974 Airbnb ROI: 4.04% Traditional ROI: 9.42%
3545 Westview Drive Spearfish, SD Property Presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Do ...	4 beds \| 2 baths \| 1,993 sq.ft.	$399,900	Airbnb cash on cash: 2.99% Traditional cash on cash: 5.32% Airbnb Rental Income: $2438 Traditional Rental Income: $2718 Airbnb ROI: 2.99% Traditional ROI: 5.32%

Real Estate investment in Spearfish, SD

There are 50 properties for sale in the city of Spearfish . The median list price in Spearfish is $534,950 and the average price per square foot is $226. In October 2025, the average monthly cash on cash return in Spearfish is 4.00%. The average monthly rental income in Spearfish is $2,689.

Spearfish, SD Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 50 investment properties available for sale in Spearfish.

In 2025, the best neighborhood to buy investment property is Spearfish.

The ROI for Long-Term is higher than the Short-Term in Spearfish with average rental income of $2,689.

Your search for investment property begins and ends here

Investment Property for Sale in Spearfish, SD

2427 Windmill Drive

Spearfish, SD

3 beds | 3 baths | 2,946 sq.ft.

$439,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 4.79%

Airbnb Rental Income: $1519

Traditional Rental Income: $3008

Airbnb ROI: 0.1%

Traditional ROI: 4.79%

1221 Charles Street

Spearfish, SD

3 beds | 3 baths | 2,274 sq.ft.

$465,000

Airbnb cash on cash: -0.04%

Traditional cash on cash: 3.64%

Airbnb Rental Income: $1519

Traditional Rental Income: $2679

Airbnb ROI: -0.04%

Traditional ROI: 3.64%

2055 Aspen Hills Road

Spearfish, SD

4 beds | 3 baths | 3,908 sq.ft.

$975,000

Airbnb cash on cash: -0.37%

Traditional cash on cash: 1.06%

Airbnb Rental Income: $2438

Traditional Rental Income: $3143

Airbnb ROI: -0.37%

Traditional ROI: 1.06%

2147 Talisker Avenue

Spearfish, SD

4 beds | 3 baths | 2,874 sq.ft.

$712,500

Airbnb cash on cash: 0.33%

Traditional cash on cash: 2.55%

Airbnb Rental Income: $2438

Traditional Rental Income: $3313

Airbnb ROI: 0.33%

Traditional ROI: 2.55%

22998 Cedar Berry Avenue

Spearfish, SD

4 beds | 3 baths | N/A

$1,250,000

Airbnb cash on cash: -0.8%

Traditional cash on cash: -0.1%

Airbnb Rental Income: $2438

Traditional Rental Income: $2649

Airbnb ROI: -0.8%

Traditional ROI: -0.1%

20091 Ridgefield Loop

Spearfish, SD

4 beds | 4 baths | 2,600 sq.ft.

$899,950

Airbnb cash on cash: 0.47%

Traditional cash on cash: 2.32%

Airbnb Rental Income: $2438

Traditional Rental Income: $3390

Airbnb ROI: 0.47%

Traditional ROI: 2.32%

316 Peoria Street

Spearfish, SD

5 beds | 3 baths | 2,813 sq.ft.

$619,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1812

Traditional Rental Income: $3292

Airbnb ROI: -0.18%

Traditional ROI: 3.24%

1790 Lookout Mountain Road

Spearfish, SD

2 beds | 3 baths | 2,287 sq.ft.

$1,995,000

Airbnb cash on cash: -0.8%

Traditional cash on cash: 0.23%

Airbnb Rental Income: $1464

Traditional Rental Income: $2926

Airbnb ROI: -0.8%