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
1221 Charles Street Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills. What a VIEW you ha...	3 beds \| 3 baths \| N/A	$449,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.84% Airbnb Rental Income: $1728 Traditional Rental Income: $2679 Airbnb ROI: 0.45% Traditional ROI: 3.84%
2055 Aspen Hills Road Spearfish, SD Experience peaceful Black Hills living at 2055 Aspen Hills Road, a tranquil 4-bed, 3-bath ...	4 beds \| 3 baths \| N/A	$899,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 1.34% Airbnb Rental Income: $3087 Traditional Rental Income: $3143 Airbnb ROI: 0.43% Traditional ROI: 1.34%
340 Fairway Drive Spearfish, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	4 beds \| 4 baths \| N/A	$639,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 1.72% Airbnb Rental Income: $3087 Traditional Rental Income: $2497 Airbnb ROI: 1.53% Traditional ROI: 1.72%
20076 Higgins Gulch Road Spearfish, SD For more information, please contact listing agent Michael Warwick with Great Peaks Realty...	5 beds \| 3 baths \| N/A	$995,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.35% Airbnb Rental Income: $2660 Traditional Rental Income: $3475 Airbnb ROI: -0.21% Traditional ROI: 1.35%
316 Peoria Street Spearfish, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	5 beds \| 3 baths \| N/A	$609,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 3.33% Airbnb Rental Income: $2660 Traditional Rental Income: $3292 Airbnb ROI: 1.1% Traditional ROI: 3.33%
1790 Lookout Mountain Road Spearfish, SD Experience a level of privacy, craftsmanship, and Black Hills beauty that is rarely availa...	2 beds \| 3 baths \| N/A	$1,700,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 0.44% Airbnb Rental Income: $1357 Traditional Rental Income: $2926 Airbnb ROI: -0.82% Traditional ROI: 0.44%
1920 Remuda Lane Spearfish, SD Call listing agent Brandon Harvey,, with Great Peaks Realty for more information. Updated ...	5 beds \| 3 baths \| N/A	$847,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 1.76% Airbnb Rental Income: $2660 Traditional Rental Income: $3294 Airbnb ROI: 0.15% Traditional ROI: 1.76%
2140 Lookout Vista Road Spearfish, SD Contact listing agents Heath Gran or Scot Munro with Great Peaks Realty. Topsider-style co...	3 beds \| 2 baths \| N/A	$695,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 0.86% Airbnb Rental Income: $1728 Traditional Rental Income: $2140 Airbnb ROI: -0.51% Traditional ROI: 0.86%
822 N 10th Street Spearfish, SD Listed by Sarah Peterka Keller Williams Realty-Black Hills Spearfish. This charming 4-bedr...	4 beds \| 2 baths \| N/A	$349,000	Airbnb cash on cash: 4.69% Traditional cash on cash: 5.54% Airbnb Rental Income: $3087 Traditional Rental Income: $2661 Airbnb ROI: 4.69% Traditional ROI: 5.54%
TBD 1954-1984 Russell Street Spearfish, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	N/A beds \| N/A baths \| N/A	$5,685,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.77% Airbnb Rental Income: $null Traditional Rental Income: $1451 Airbnb ROI: N/A Traditional ROI: -0.77%
314 5th Street Spearfish, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	6 beds \| N/A baths \| 4,305 sq.ft.	$659,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 2.26% Airbnb Rental Income: $2660 Traditional Rental Income: $2384 Airbnb ROI: 1.68% Traditional ROI: 2.26%
10484 W Highway 14 Spearfish, SD This 5 Bedroom, 2 Bathroom home and 3,500 ft2+ of combined outbuildings sit on 5.3 Acres w...	5 beds \| 2 baths \| N/A	$599,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 3.41% Airbnb Rental Income: $2660 Traditional Rental Income: $2793 Airbnb ROI: 2.04% Traditional ROI: 3.41%
2900 Westview Ave Spearfish, SD YES'S ALL AROUND! A showstopper ranch home on 5-acre Black Hills retreat w/panoramic views...	4 beds \| 3 baths \| N/A	$1,490,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.09% Airbnb Rental Income: $3087 Traditional Rental Income: $3127 Airbnb ROI: 0.56% Traditional ROI: 1.09%
3409 Roughlock Lane Spearfish, SD Take in the incredible views from this spacious and beautifully updated 5-bedroom home off...	5 beds \| 3 baths \| N/A	$474,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 4.63% Airbnb Rental Income: $2660 Traditional Rental Income: $2893 Airbnb ROI: 2.68% Traditional ROI: 4.63%
3135 American Eagle Road Spearfish, SD For more information, please contact listing agent Michael Warwick with Great Peaks Realty...	4 beds \| 3 baths \| N/A	$1,199,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 1.33% Airbnb Rental Income: $3087 Traditional Rental Income: $3165 Airbnb ROI: 0.63% Traditional ROI: 1.33%
1605 Arizona Avenue Spearfish, SD Call or text Listing Agent Karson Klein with Landmark Realty -. This better-than-new 4-bed...	4 beds \| 3 baths \| N/A	$1,050,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 1.01% Airbnb Rental Income: $3087 Traditional Rental Income: $3328 Airbnb ROI: 0.04% Traditional ROI: 1.01%
338 Evans Lane Spearfish, SD Contact listing agent Brandon Harvey with Great Peaks Realty for more information. Schedul...	3 beds \| 2 baths \| N/A	$139,900	Airbnb cash on cash: 3.88% Traditional cash on cash: 8.79% Airbnb Rental Income: $1728 Traditional Rental Income: $1910 Airbnb ROI: 3.88% Traditional ROI: 8.79%
3922 Gallatin Avenue Spearfish, SD For more information, contact Tim Kudlock, Great Peaks Realty, Munro & Gran LLC. Very well...	5 beds \| 3 baths \| N/A	$554,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 3.55% Airbnb Rental Income: $2660 Traditional Rental Income: $2837 Airbnb ROI: 1.99% Traditional ROI: 3.55%
3225 Old Belle Road Spearfish, SD For more information, please contact listing agents Scot Munro or Heath Gran with Great Pe...	4 beds \| N/A baths \| 3,950 sq.ft.	$900,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 1.19% Airbnb Rental Income: $3087 Traditional Rental Income: $2301 Airbnb ROI: 1.28% Traditional ROI: 1.19%
262 Upper Valley Road Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills.POTENTIAL DUPLEX OP...	8 beds \| N/A baths \| 3,782 sq.ft.	$575,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 2.51% Airbnb Rental Income: $2660 Traditional Rental Income: $2338 Airbnb ROI: 1.94% Traditional ROI: 2.51%
22990 Cedar Berry Avenue Spearfish, SD For more information, please contact listing agents Michael Warwick with Great Peaks Realt...	4 beds \| 3 baths \| N/A	$1,399,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.8% Airbnb Rental Income: $3087 Traditional Rental Income: $5169 Airbnb ROI: 0.66% Traditional ROI: 2.8%
3103 E Fairgrounds Loop Spearfish, SD Contact listing agent Brandon Harvey with Great Peaks Realty for more information. Take a ...	1 beds \| 1 baths \| N/A	$1,299,000	Airbnb cash on cash: -1.83% Traditional cash on cash: -1.3% Airbnb Rental Income: $1019 Traditional Rental Income: $1301 Airbnb ROI: -1.83% Traditional ROI: -1.3%
7738 Brooks Loop Spearfish, SD For more information, contact listing agents Heath Gran or Michael Warwick with Great Peak...	4 beds \| 3 baths \| N/A	$975,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 2.22% Airbnb Rental Income: $3087 Traditional Rental Income: $3170 Airbnb ROI: 1.35% Traditional ROI: 2.22%
22992 Cedar Berry Avenue Spearfish, SD For more information on this stunning new build, contact listing agent Michael Warwick wit...	4 beds \| 3 baths \| N/A	$1,150,000	Airbnb cash on cash: 1% Traditional cash on cash: 1.86% Airbnb Rental Income: $3087 Traditional Rental Income: $3305 Airbnb ROI: 1% Traditional ROI: 1.86%
7701 Brooks Loop Spearfish, SD Contact listing agents Michael Warwick or Heath Gran with Great Peaks Realty. Get ready to...	3 beds \| 2 baths \| N/A	$820,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 2.19% Airbnb Rental Income: $1728 Traditional Rental Income: $2646 Airbnb ROI: 0.37% Traditional ROI: 2.19%
Lot 18 Other Spearfish, SD	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.7% Airbnb Rental Income: $null Traditional Rental Income: $758 Airbnb ROI: N/A Traditional ROI: 1.7%
Lot 9 Other Spearfish, SD	N/A beds \| N/A baths \| N/A	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.94% Airbnb Rental Income: $null Traditional Rental Income: $758 Airbnb ROI: N/A Traditional ROI: -0.94%
Lot 2, Blk 3 Blue Sage Rd Spearfish, SD	N/A beds \| N/A baths \| N/A	$117,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.61% Airbnb Rental Income: $null Traditional Rental Income: $759 Airbnb ROI: N/A Traditional ROI: 3.61%
Lot 6 Blk 2 Oak Crest Ct Spearfish, SD	N/A beds \| N/A baths \| N/A	$119,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.83% Airbnb Rental Income: $null Traditional Rental Income: $797 Airbnb ROI: N/A Traditional ROI: 3.83%
Lot 19, Blk 1 Oak Crest Ct Spearfish, SD	N/A beds \| N/A baths \| N/A	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.3% Airbnb Rental Income: $null Traditional Rental Income: $758 Airbnb ROI: N/A Traditional ROI: 1.3%
Lot 18, Blk 1 Oak Crest Ct Spearfish, SD	N/A beds \| N/A baths \| N/A	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.83% Airbnb Rental Income: $null Traditional Rental Income: $758 Airbnb ROI: N/A Traditional ROI: 0.83%
Lot 16, Blk 2 Miller Ranch Ave Spearfish, SD	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $759 Airbnb ROI: N/A Traditional ROI: 3.25%
Lot 6 Blk 1 Oak Crest Ct Spearfish, SD	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.94% Airbnb Rental Income: $null Traditional Rental Income: $758 Airbnb ROI: N/A Traditional ROI: 1.94%
Lot 2 Blk 1 Oak Crest Ct Spearfish, SD	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.94% Airbnb Rental Income: $null Traditional Rental Income: $758 Airbnb ROI: N/A Traditional ROI: 1.94%
Lot 7, Blk 3 Blue Sage Rd Spearfish, SD	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $759 Airbnb ROI: N/A Traditional ROI: 3.25%
Lot 5, Blk 3 Blue Sage Rd Spearfish, SD	N/A beds \| N/A baths \| N/A	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $797 Airbnb ROI: N/A Traditional ROI: 3.85%
Lot 8, Blk 3 Blue Sage Rd Spearfish, SD	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $759 Airbnb ROI: N/A Traditional ROI: 3.25%

Real Estate investment in Spearfish, SD

There are 76 properties for sale in the city of Spearfish . The median list price in Spearfish is $484,750 and the average price per square foot is $160. In June 2026, the average monthly cash on cash return in Spearfish is 3.00%. The average monthly rental income in Spearfish is $2,338.

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

There are 76 investment properties available for sale in Spearfish.

In 2026, 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 $2,338.

Your search for investment property begins and ends here

Investment Property for Sale in Spearfish, SD

1221 Charles Street

Spearfish, SD

3 beds | 3 baths | N/A

$449,900

Airbnb cash on cash: 0.45%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $1728

Traditional Rental Income: $2679

Airbnb ROI: 0.45%

Traditional ROI: 3.84%

2055 Aspen Hills Road

Spearfish, SD

4 beds | 3 baths | N/A

$899,900

Airbnb cash on cash: 0.43%

Traditional cash on cash: 1.34%

Airbnb Rental Income: $3087

Traditional Rental Income: $3143

Airbnb ROI: 0.43%

Traditional ROI: 1.34%

340 Fairway Drive

Spearfish, SD

4 beds | 4 baths | N/A

$639,900

Airbnb cash on cash: 1.53%

Traditional cash on cash: 1.72%

Airbnb Rental Income: $3087

Traditional Rental Income: $2497

Airbnb ROI: 1.53%

Traditional ROI: 1.72%

20076 Higgins Gulch Road

Spearfish, SD

5 beds | 3 baths | N/A

$995,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $2660

Traditional Rental Income: $3475

Airbnb ROI: -0.21%

Traditional ROI: 1.35%

316 Peoria Street

Spearfish, SD

5 beds | 3 baths | N/A

$609,000

Airbnb cash on cash: 1.1%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $2660

Traditional Rental Income: $3292

Airbnb ROI: 1.1%

Traditional ROI: 3.33%

1790 Lookout Mountain Road

Spearfish, SD

2 beds | 3 baths | N/A

$1,700,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $1357

Traditional Rental Income: $2926

Airbnb ROI: -0.82%

Traditional ROI: 0.44%

1920 Remuda Lane

Spearfish, SD

5 beds | 3 baths | N/A

$847,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 1.76%

Airbnb Rental Income: $2660

Traditional Rental Income: $3294

Airbnb ROI: 0.15%

Traditional ROI: 1.76%

2140 Lookout Vista Road

Spearfish, SD

3 beds | 2 baths | N/A

$695,000

Airbnb cash on cash: -0.51%

Traditional cash on cash: 0.86%

Airbnb Rental Income: $1728

Traditional Rental Income: $2140

Airbnb ROI: -0.51%