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 (605) 645-2479. Wha...	3 beds \| 3 baths \| 2,274 sq.ft.	$449,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 3.84% Airbnb Rental Income: $1213 Traditional Rental Income: $2679 Airbnb ROI: -0.57% Traditional ROI: 3.84%
544 N 12th Street Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Loc...	4 beds \| 2 baths \| 1,752 sq.ft.	$389,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 5.06% Airbnb Rental Income: $1741 Traditional Rental Income: $2518 Airbnb ROI: 1.62% Traditional ROI: 5.06%
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 \| 3,908 sq.ft.	$924,900	Airbnb cash on cash: -0.94% Traditional cash on cash: 1.24% Airbnb Rental Income: $1741 Traditional Rental Income: $3143 Airbnb ROI: -0.94% Traditional ROI: 1.24%
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.	$699,900	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.63% Airbnb Rental Income: $1741 Traditional Rental Income: $3313 Airbnb ROI: -0.51% Traditional ROI: 2.63%
7745 Brooks Loop Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. AMA...	5 beds \| 3 baths \| 3,406 sq.ft.	$799,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.14% Airbnb Rental Income: $2280 Traditional Rental Income: $3404 Airbnb ROI: -0.13% Traditional ROI: 2.14%
2334 Talisker Avenue Spearfish, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	4 beds \| 3 baths \| 2,818 sq.ft.	$669,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.31% Airbnb Rental Income: $1741 Traditional Rental Income: $2349 Airbnb ROI: -0.43% Traditional ROI: 1.31%
6148 Orion Street Spearfish, SD Listed by Sarah Peterka Keller Williams Realty-Black Hills Spearfish 605-661-2802. Welcom...	3 beds \| 2 baths \| 1,410 sq.ft.	$370,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 4.04% Airbnb Rental Income: $1213 Traditional Rental Income: $2292 Airbnb ROI: -0.2% Traditional ROI: 4.04%
340 Fairway Drive Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	4 beds \| 4 baths \| 2,720 sq.ft.	$658,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.61% Airbnb Rental Income: $1741 Traditional Rental Income: $2497 Airbnb ROI: -0.4% Traditional ROI: 1.61%
20076 Higgins Gulch Road Spearfish, SD For more information, please contact listing agent Michael Warwick 605-641-2569 with Great...	5 beds \| 3 baths \| 3,100 sq.ft.	$1,300,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 0.5% Airbnb Rental Income: $2280 Traditional Rental Income: $3475 Airbnb ROI: -0.96% Traditional ROI: 0.5%
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: 0.5% Traditional cash on cash: 3.24% Airbnb Rental Income: $2280 Traditional Rental Income: $3292 Airbnb ROI: 0.5% Traditional ROI: 3.24%
1920 Remuda Lane Spearfish, SD Call listing agent Brandon Harvey, 605-920-9853, with Great Peaks Realty for more informat...	5 beds \| 3 baths \| 3,672 sq.ft.	$897,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 1.53% Airbnb Rental Income: $2280 Traditional Rental Income: $3294 Airbnb ROI: -0.36% Traditional ROI: 1.53%
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	$4,349,000	Airbnb cash on cash: -0.63% Traditional cash on cash: -0.7% Airbnb Rental Income: $2280 Traditional Rental Income: $1451 Airbnb ROI: -0.63% Traditional ROI: -0.7%
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: 1.17% Traditional cash on cash: 2.26% Airbnb Rental Income: $2280 Traditional Rental Income: $2384 Airbnb ROI: 1.17% Traditional ROI: 2.26%
10484 W Highway 14 Spearfish, SD This 5 Bedroom, 2 Bathroom home and 3,500 ftÂ²+ of combined outbuildings sit on 5.3 Acres ...	5 beds \| 2 baths \| 2,184 sq.ft.	$609,900	Airbnb cash on cash: 1.43% Traditional cash on cash: 3.34% Airbnb Rental Income: $2280 Traditional Rental Income: $2793 Airbnb ROI: 1.43% Traditional ROI: 3.34%
3409 Roughlock Lane Spearfish, SD Take in the incredible views from this spacious and beautifully updated 5-bedroom home off...	5 beds \| 3 baths \| 2,100 sq.ft.	$474,900	Airbnb cash on cash: 1.97% Traditional cash on cash: 4.63% Airbnb Rental Income: $2280 Traditional Rental Income: $2893 Airbnb ROI: 1.97% Traditional ROI: 4.63%
7925 Duke Parkway Spearfish, SD Welcome to your beautiful new townhome on a large corner lot in Elkhorn Ridge! This bright...	4 beds \| 3 baths \| 2,214 sq.ft.	$649,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 3.77% Airbnb Rental Income: $1741 Traditional Rental Income: $3128 Airbnb ROI: 0.69% Traditional ROI: 3.77%
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.	$139,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 8.79% Airbnb Rental Income: $1213 Traditional Rental Income: $1910 Airbnb ROI: 0.68% Traditional ROI: 8.79%
169 Timberline Road Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Her...	3 beds \| 3 baths \| 2,856 sq.ft.	$874,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.3% Airbnb Rental Income: $1213 Traditional Rental Income: $3212 Airbnb ROI: -0.64% Traditional ROI: 2.3%
3922 Gallatin Avenue Spearfish, SD For more information, contact Tim Kudlock, Great Peaks Realty, Munro & Gran LLC. Very wel...	5 beds \| 3 baths \| 2,352 sq.ft.	$554,900	Airbnb cash on cash: 1.38% Traditional cash on cash: 3.55% Airbnb Rental Income: $2280 Traditional Rental Income: $2837 Airbnb ROI: 1.38% Traditional ROI: 3.55%
3225 Old Belle Road Spearfish, SD For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran ...	4 beds \| N/A baths \| 3,950 sq.ft.	$900,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 1.19% Airbnb Rental Income: $2280 Traditional Rental Income: $2301 Airbnb ROI: 0.48% Traditional ROI: 1.19%
262 Upper Valley Road Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479.POTE...	8 beds \| N/A baths \| 3,782 sq.ft.	$575,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 2.51% Airbnb Rental Income: $2280 Traditional Rental Income: $2338 Airbnb ROI: 1.35% Traditional ROI: 2.51%
22990 Cedar Berry Avenue Spearfish, SD For more information, please contact listing agents Michael Warwick 605-641-2569 with Gre...	4 beds \| 3 baths \| 2,921 sq.ft.	$1,399,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.8% Airbnb Rental Income: $1741 Traditional Rental Income: $5169 Airbnb ROI: -0.21% Traditional ROI: 2.8%
224 Pine Cone Avenue Spearfish, SD Property Presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605)645-2479. Expe...	4 beds \| 4 baths \| 3,654 sq.ft.	$799,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.31% Airbnb Rental Income: $1741 Traditional Rental Income: $3823 Airbnb ROI: -0.13% Traditional ROI: 3.31%
4019 Ward Avenue Spearfish, SD For more information, please contact listing agents Scot Munro 605-641-6482 or Heath Gran ...	5 beds \| 3 baths \| 3,860 sq.ft.	$509,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 4.86% Airbnb Rental Income: $2280 Traditional Rental Income: $3473 Airbnb ROI: 1.16% Traditional ROI: 4.86%
3103 E Fairgrounds Loop Spearfish, SD Contact listing agent Brandon Harvey 605-920-9853 with Great Peaks Realty for more informa...	1 beds \| 1 baths \| 9,600 sq.ft.	$1,299,000	Airbnb cash on cash: -2.05% Traditional cash on cash: -1.3% Airbnb Rental Income: $702 Traditional Rental Income: $1301 Airbnb ROI: -2.05% Traditional ROI: -1.3%
7738 Brooks Loop Spearfish, SD For more information, contact listing agents Heath Gran 605-209-2052 or Michael Warwick 60...	4 beds \| 3 baths \| 2,636 sq.ft.	$975,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 2.22% Airbnb Rental Income: $1741 Traditional Rental Income: $3170 Airbnb ROI: 0.12% Traditional ROI: 2.22%
22992 Cedar Berry Avenue Spearfish, SD For more information on this stunning new build, contact listing agent Michael Warwick 605...	4 beds \| 3 baths \| 3,158 sq.ft.	$1,150,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 1.86% Airbnb Rental Income: $1741 Traditional Rental Income: $3305 Airbnb ROI: -0.05% Traditional ROI: 1.86%
7701 Brooks Loop Spearfish, SD Contact listing agents Michael Warwick 605-641-2569 or Heath Gran 605-209-2052 with Great ...	3 beds \| 2 baths \| 1,896 sq.ft.	$820,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.19% Airbnb Rental Income: $1213 Traditional Rental Income: $2646 Airbnb ROI: -0.2% Traditional ROI: 2.19%
1565 OTHER Spearfish, SD Listed by Jenni Sneesby - 605.645.1181 - Engel & VÃ¶lkers Black Hills. New construction ho...	5 beds \| 3 baths \| 3,894 sq.ft.	$1,029,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 2.11% Airbnb Rental Income: $2280 Traditional Rental Income: $3232 Airbnb ROI: 0.53% Traditional ROI: 2.11%
1565 Blue Sage Road Spearfish, SD Listed by Jenni Sneesby - 605.645.1181 - Engel & VÃ¶lkers Black Hills. New construction ho...	5 beds \| 3 baths \| N/A	$1,029,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 2.1% Airbnb Rental Income: $2280 Traditional Rental Income: $3221 Airbnb ROI: 0.53% Traditional ROI: 2.1%
1711 Branding Iron Drive Spearfish, SD This beautifully updated home features a light & bright open floor plan with soaring vault...	5 beds \| 3 baths \| 3,676 sq.ft.	$850,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 2.13% Airbnb Rental Income: $2280 Traditional Rental Income: $3284 Airbnb ROI: 0.15% Traditional ROI: 2.13%
6621 Green Mountain Court Spearfish, SD Listed by Lori Barnett \| Engel & VÃ¶lkers Black Hills \| 605.786.5817 Experience unparalle...	5 beds \| 3 baths \| N/A	$1,389,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 0.54% Airbnb Rental Income: $2280 Traditional Rental Income: $2580 Airbnb ROI: -0.13% Traditional ROI: 0.54%
2040 Aster Road Spearfish, SD This isnât just a home, this is how the Black Hills were meant to be lived. Tucked into ...	4 beds \| 4 baths \| 3,870 sq.ft.	$845,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.38% Airbnb Rental Income: $1741 Traditional Rental Income: $2684 Airbnb ROI: -0.43% Traditional ROI: 1.38%
214 Yellowstone Place Spearfish, SD Charming Ranch-Style Townhome in the Heart of Spearfish! Welcome home to this beautifull...	3 beds \| 3 baths \| 2,596 sq.ft.	$600,000	Airbnb cash on cash: -1% Traditional cash on cash: 2.74% Airbnb Rental Income: $1213 Traditional Rental Income: $2916 Airbnb ROI: -1% Traditional ROI: 2.74%
715 S 32nd Street Spearfish, SD For more information, please contact listing agent Michael Warwick 605-641-2569 with Great...	4 beds \| 2 baths \| 2,352 sq.ft.	$415,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 4.32% Airbnb Rental Income: $1741 Traditional Rental Income: $2665 Airbnb ROI: 0.71% Traditional ROI: 4.32%
243 Maddison Ln Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. WOW...	4 beds \| 2 baths \| 1,680 sq.ft.	$619,900	Airbnb cash on cash: -0.28% Traditional cash on cash: 1.9% Airbnb Rental Income: $1741 Traditional Rental Income: $2525 Airbnb ROI: -0.28% Traditional ROI: 1.9%
8017 Brooks Loop Spearfish, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Beautiful views and peaceful golf course livi...	5 beds \| 3 baths \| 2,998 sq.ft.	$699,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.65% Airbnb Rental Income: $2280 Traditional Rental Income: $3318 Airbnb ROI: 0.18% Traditional ROI: 2.65%
2444 Talisker Avenue Spearfish, SD For more information, please contact listing agent Michael Warwick 605-641-2569 with Great...	4 beds \| 3 baths \| 2,855 sq.ft.	$699,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.62% Airbnb Rental Income: $1741 Traditional Rental Income: $3298 Airbnb ROI: -0.51% Traditional ROI: 2.62%
1425 Lookout Valley Court Spearfish, SD Listed by Audra Nelson Bailey-Vylla Home Black Hills 605-261-9122. Welcome home to this be...	3 beds \| 3 baths \| 1,581 sq.ft.	$325,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 5.49% Airbnb Rental Income: $1213 Traditional Rental Income: $2348 Airbnb ROI: 0.5% Traditional ROI: 5.49%
2424 N Canyon Street Spearfish, SD Experience elevated Black Hills living in the heart of Spearfish with this exceptional Cre...	5 beds \| 4 baths \| 3,968 sq.ft.	$1,200,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 1.61% Airbnb Rental Income: $2280 Traditional Rental Income: $3901 Airbnb ROI: -0.36% Traditional ROI: 1.61%

Real Estate investment in Spearfish, SD

There are 47 properties for sale in the city of Spearfish . The median list price in Spearfish is $684,000 and the average price per square foot is $239. In May 2026, the average monthly cash on cash return in Spearfish is 3.00%. The average monthly rental income in Spearfish is $2,815.

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

There are 47 investment properties available for sale in Spearfish.

In 2026, the best neighborhood to buy investment property is Spearfish.

The ROI for Short-Term is higher than the Long-Term in Spearfish with average rental income of $1,741.

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 | 2,274 sq.ft.

$449,900

Airbnb cash on cash: -0.57%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $1213

Traditional Rental Income: $2679

Airbnb ROI: -0.57%

Traditional ROI: 3.84%

544 N 12th Street

Spearfish, SD

4 beds | 2 baths | 1,752 sq.ft.

$389,000

Airbnb cash on cash: 1.62%

Traditional cash on cash: 5.06%

Airbnb Rental Income: $1741

Traditional Rental Income: $2518

Airbnb ROI: 1.62%

Traditional ROI: 5.06%

2055 Aspen Hills Road

Spearfish, SD

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

$924,900

Airbnb cash on cash: -0.94%

Traditional cash on cash: 1.24%

Airbnb Rental Income: $1741

Traditional Rental Income: $3143

Airbnb ROI: -0.94%

Traditional ROI: 1.24%

2147 Talisker Avenue

Spearfish, SD

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

$699,900

Airbnb cash on cash: -0.51%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $1741

Traditional Rental Income: $3313

Airbnb ROI: -0.51%

Traditional ROI: 2.63%

7745 Brooks Loop

Spearfish, SD

5 beds | 3 baths | 3,406 sq.ft.

$799,900

Airbnb cash on cash: -0.13%

Traditional cash on cash: 2.14%

Airbnb Rental Income: $2280

Traditional Rental Income: $3404

Airbnb ROI: -0.13%

Traditional ROI: 2.14%

2334 Talisker Avenue

Spearfish, SD

4 beds | 3 baths | 2,818 sq.ft.

$669,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 1.31%

Airbnb Rental Income: $1741

Traditional Rental Income: $2349

Airbnb ROI: -0.43%

Traditional ROI: 1.31%

6148 Orion Street

Spearfish, SD

3 beds | 2 baths | 1,410 sq.ft.

$370,000

Airbnb cash on cash: -0.2%

Traditional cash on cash: 4.04%

Airbnb Rental Income: $1213

Traditional Rental Income: $2292

Airbnb ROI: -0.2%

Traditional ROI: 4.04%

340 Fairway Drive

Spearfish, SD

4 beds | 4 baths | 2,720 sq.ft.

$658,900

Airbnb cash on cash: -0.4%

Traditional cash on cash: 1.61%

Airbnb Rental Income: $1741

Traditional Rental Income: $2497

Airbnb ROI: -0.4%