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
1802 Sugar Creek Place Spearfish, SD For more information, please contact listing agent Michael Warwick with Great Peaks Realty...	4 beds \| 2 baths \| N/A	$495,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 2.73% Airbnb Rental Income: $2083 Traditional Rental Income: $2420 Airbnb ROI: 0.84% Traditional ROI: 2.73%
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: 0.55% Traditional cash on cash: 3.84% Airbnb Rental Income: $1776 Traditional Rental Income: $2679 Airbnb ROI: 0.55% Traditional ROI: 3.84%
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: 0.13% Traditional cash on cash: 1.72% Airbnb Rental Income: $2083 Traditional Rental Income: $2497 Airbnb ROI: 0.13% 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: 0.57% Traditional cash on cash: 1.35% Airbnb Rental Income: $3531 Traditional Rental Income: $3475 Airbnb ROI: 0.57% Traditional ROI: 1.35%
20013 Ashlee Court Spearfish, SD Please contact listing agent Karson Klein. Listed by Landmark Realty & Development, this e...	5 beds \| 4 baths \| N/A	$2,499,999	Airbnb cash on cash: 0.11% Traditional cash on cash: 0.64% Airbnb Rental Income: $3531 Traditional Rental Income: $3991 Airbnb ROI: 0.11% Traditional ROI: 0.64%
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: 2.38% Traditional cash on cash: 3.33% Airbnb Rental Income: $3531 Traditional Rental Income: $3292 Airbnb ROI: 2.38% Traditional ROI: 3.33%
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: 1.07% Traditional cash on cash: 1.76% Airbnb Rental Income: $3531 Traditional Rental Income: $3294 Airbnb ROI: 1.07% Traditional ROI: 1.76%
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	$347,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 5.58% Airbnb Rental Income: $2083 Traditional Rental Income: $2661 Airbnb ROI: 2.16% Traditional ROI: 5.58%
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: -0.91% Traditional cash on cash: -0.77% Airbnb Rental Income: $1098 Traditional Rental Income: $1451 Airbnb ROI: -0.91% 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: 2.86% Traditional cash on cash: 2.26% Airbnb Rental Income: $3531 Traditional Rental Income: $2384 Airbnb ROI: 2.86% 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: 3.34% Traditional cash on cash: 3.41% Airbnb Rental Income: $3531 Traditional Rental Income: $2793 Airbnb ROI: 3.34% 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: -0.05% Traditional cash on cash: 1.09% Airbnb Rental Income: $2083 Traditional Rental Income: $3127 Airbnb ROI: -0.05% Traditional ROI: 1.09%
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: -0.81% Traditional cash on cash: 1.01% Airbnb Rental Income: $2083 Traditional Rental Income: $3328 Airbnb ROI: -0.81% 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: 4.17% Traditional cash on cash: 8.79% Airbnb Rental Income: $1776 Traditional Rental Income: $1910 Airbnb ROI: 4.17% 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	$544,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 3.64% Airbnb Rental Income: $3531 Traditional Rental Income: $2837 Airbnb ROI: 3.47% Traditional ROI: 3.64%
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: 0.29% Traditional cash on cash: 1.19% Airbnb Rental Income: $2083 Traditional Rental Income: $2301 Airbnb ROI: 0.29% Traditional ROI: 1.19%
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: 0.01% Traditional cash on cash: 2.8% Airbnb Rental Income: $2083 Traditional Rental Income: $5169 Airbnb ROI: 0.01% Traditional ROI: 2.8%
3915 Gallatin Avenue Spearfish, SD Welcome to 3915 Gallatin Avenue in Spearfish, South Dakota, a beautifully updated 5-bedroo...	5 beds \| 2 baths \| N/A	$415,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 4.93% Airbnb Rental Income: $3531 Traditional Rental Income: $2730 Airbnb ROI: 4.99% Traditional ROI: 4.93%
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	$1,149,000	Airbnb cash on cash: -1.84% Traditional cash on cash: -1.17% Airbnb Rental Income: $936 Traditional Rental Income: $1301 Airbnb ROI: -1.84% Traditional ROI: -1.17%
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: 0.43% Traditional cash on cash: 2.22% Airbnb Rental Income: $2083 Traditional Rental Income: $3170 Airbnb ROI: 0.43% 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: 0.22% Traditional cash on cash: 1.86% Airbnb Rental Income: $2083 Traditional Rental Income: $3305 Airbnb ROI: 0.22% 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: 0.42% Traditional cash on cash: 2.19% Airbnb Rental Income: $1776 Traditional Rental Income: $2646 Airbnb ROI: 0.42% 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.	$989,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 2.24% Airbnb Rental Income: $3531 Traditional Rental Income: $3232 Airbnb ROI: 1.72% Traditional ROI: 2.24%
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	$989,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 2.23% Airbnb Rental Income: $3531 Traditional Rental Income: $3221 Airbnb ROI: 1.72% Traditional ROI: 2.23%
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: 0.67% Traditional cash on cash: 0.54% Airbnb Rental Income: $3531 Traditional Rental Income: $2580 Airbnb ROI: 0.67% Traditional ROI: 0.54%
8017 Brooks Loop Spearfish, SD Listed by Jeremy Kahler, KWBH,. Beautiful views and peaceful golf course living are waitin...	5 beds \| 3 baths \| N/A	$675,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 2.82% Airbnb Rental Income: $3531 Traditional Rental Income: $3318 Airbnb ROI: 1.92% Traditional ROI: 2.82%
7753 Brooks Loop Spearfish, SD Welcome to 7753 Brooks Loop - a rare opportunity to live on Elkhorn Ridge Golf Course with...	5 beds \| 4 baths \| 4,380 sq.ft.	$1,199,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 1.66% Airbnb Rental Income: $3531 Traditional Rental Income: $3707 Airbnb ROI: 0.8% Traditional ROI: 1.66%
11805 Valley View Cir Spearfish, SD This level entry 2022 home with 2 primary suites is better than new with thoughtful upgrad...	4 beds \| 3 baths \| 2,734 sq.ft.	$1,100,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 1.2% Airbnb Rental Income: $2083 Traditional Rental Income: $3098 Airbnb ROI: -0.31% Traditional ROI: 1.2%

Real Estate investment in Spearfish, SD

There are 90 properties for sale in the city of Spearfish . The median list price in Spearfish is $467,970 and the average price per square foot is $161. In September 2026, the average monthly cash on cash return in Spearfish is 3.00%. The average monthly rental income in Spearfish is $2,663.

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

There are 90 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 $2,663.

Your search for investment property begins and ends here

Investment Property for Sale in Spearfish, SD

1802 Sugar Creek Place

Spearfish, SD

4 beds | 2 baths | N/A

$495,000

Airbnb cash on cash: 0.84%

Traditional cash on cash: 2.73%

Airbnb Rental Income: $2083

Traditional Rental Income: $2420

Airbnb ROI: 0.84%

Traditional ROI: 2.73%

1221 Charles Street

Spearfish, SD

3 beds | 3 baths | N/A

$449,900

Airbnb cash on cash: 0.55%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $1776

Traditional Rental Income: $2679

Airbnb ROI: 0.55%

Traditional ROI: 3.84%

340 Fairway Drive

Spearfish, SD

4 beds | 4 baths | N/A

$639,900

Airbnb cash on cash: 0.13%

Traditional cash on cash: 1.72%

Airbnb Rental Income: $2083

Traditional Rental Income: $2497

Airbnb ROI: 0.13%

Traditional ROI: 1.72%

20076 Higgins Gulch Road

Spearfish, SD

5 beds | 3 baths | N/A

$995,000

Airbnb cash on cash: 0.57%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $3531

Traditional Rental Income: $3475

Airbnb ROI: 0.57%

Traditional ROI: 1.35%

20013 Ashlee Court

Spearfish, SD

5 beds | 4 baths | N/A

$2,499,999

Airbnb cash on cash: 0.11%

Traditional cash on cash: 0.64%

Airbnb Rental Income: $3531

Traditional Rental Income: $3991

Airbnb ROI: 0.11%

Traditional ROI: 0.64%

316 Peoria Street

Spearfish, SD

5 beds | 3 baths | N/A

$609,000

Airbnb cash on cash: 2.38%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $3531

Traditional Rental Income: $3292

Airbnb ROI: 2.38%

Traditional ROI: 3.33%

1920 Remuda Lane

Spearfish, SD

5 beds | 3 baths | N/A

$847,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 1.76%

Airbnb Rental Income: $3531

Traditional Rental Income: $3294

Airbnb ROI: 1.07%

Traditional ROI: 1.76%

822 N 10th Street

Spearfish, SD

4 beds | 2 baths | N/A

$347,000

Airbnb cash on cash: 2.16%

Traditional cash on cash: 5.58%

Airbnb Rental Income: $2083

Traditional Rental Income: $2661

Airbnb ROI: 2.16%