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

separator

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.	$455,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 3.77% Airbnb Rental Income: $1472 Traditional Rental Income: $2679 Airbnb ROI: -0.08% Traditional ROI: 3.77%
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.	$400,000	Airbnb cash on cash: 2.99% Traditional cash on cash: 4.9% Airbnb Rental Income: $2390 Traditional Rental Income: $2518 Airbnb ROI: 2.99% Traditional ROI: 4.9%
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: -0.42% Traditional cash on cash: 1.06% Airbnb Rental Income: $2390 Traditional Rental Income: $3143 Airbnb ROI: -0.42% Traditional ROI: 1.06%
840 W Jackson Boulevard Spearfish, SD Listed by: Krista Heid \| Engel & Volkers Black Hills 605.645.4297 - This move-in-ready hom...	4 beds \| 2 baths \| N/A	$349,000	Airbnb cash on cash: 2.92% Traditional cash on cash: 5.32% Airbnb Rental Income: $2390 Traditional Rental Income: $2589 Airbnb ROI: 2.92% Traditional ROI: 5.32%
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: 0.32% Traditional cash on cash: 2.63% Airbnb Rental Income: $2390 Traditional Rental Income: $3313 Airbnb ROI: 0.32% Traditional ROI: 2.63%
209 Wyoming Court Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/ MAX In The Hills (605)645-2479. Loc...	4 beds \| 2 baths \| 1,788 sq.ft.	$475,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 3.19% Airbnb Rental Income: $2390 Traditional Rental Income: $2532 Airbnb ROI: 1.55% Traditional ROI: 3.19%
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.	$675,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.28% Airbnb Rental Income: $2390 Traditional Rental Income: $2349 Airbnb ROI: 0.41% Traditional ROI: 1.28%
3912 Ward Avenue Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. Com...	4 beds \| 3 baths \| 2,665 sq.ft.	$575,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 1.54% Airbnb Rental Income: $2390 Traditional Rental Income: $2140 Airbnb ROI: 0.91% Traditional ROI: 1.54%
22998 Cedar Berry Avenue Spearfish, SD Motivated seller due to relocation, all offers will be considered. Seller offering $30,000...	4 beds \| 3 baths \| N/A	$1,199,000	Airbnb cash on cash: -0.77% Traditional cash on cash: -0.01% Airbnb Rental Income: $2390 Traditional Rental Income: $2649 Airbnb ROI: -0.77% Traditional ROI: -0.01%
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: -1.27% Traditional cash on cash: 0.5% Airbnb Rental Income: $1835 Traditional Rental Income: $3475 Airbnb ROI: -1.27% 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: -0.14% Traditional cash on cash: 3.24% Airbnb Rental Income: $1835 Traditional Rental Income: $3292 Airbnb ROI: -0.14% 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: -0.81% Traditional cash on cash: 0.23% Airbnb Rental Income: $1436 Traditional Rental Income: $2926 Airbnb ROI: -0.81% Traditional ROI: 0.23%
7741 Brooks Loop Spearfish, SD Are you ready to live in luxury? If so, this is the one for you! Welcome to this well don...	5 beds \| 5 baths \| 3,972 sq.ft.	$945,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 3.25% Airbnb Rental Income: $1835 Traditional Rental Income: $4976 Airbnb ROI: -0.88% Traditional ROI: 3.25%
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: -0.73% Traditional cash on cash: -0.7% Airbnb Rental Income: $1835 Traditional Rental Income: $1451 Airbnb ROI: -0.73% 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: 0.57% Traditional cash on cash: 2.26% Airbnb Rental Income: $1835 Traditional Rental Income: $2384 Airbnb ROI: 0.57% Traditional ROI: 2.26%
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: 4.3% Traditional cash on cash: 10.47% Airbnb Rental Income: $1472 Traditional Rental Income: $2032 Airbnb ROI: 4.3% Traditional ROI: 10.47%
2900 Westview Ave Spearfish, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	4 beds \| 3 baths \| 2,536 sq.ft.	$1,500,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 1.08% Airbnb Rental Income: $2390 Traditional Rental Income: $3127 Airbnb ROI: 0.13% Traditional ROI: 1.08%
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.	$669,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 3.63% Airbnb Rental Income: $2390 Traditional Rental Income: $3128 Airbnb ROI: 1.51% 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.	$749,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 2.71% Airbnb Rental Income: $2390 Traditional Rental Income: $2952 Airbnb ROI: 1.06% Traditional ROI: 2.71%
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.	$168,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 11.11% Airbnb Rental Income: $1472 Traditional Rental Income: $2183 Airbnb ROI: 3.96% Traditional ROI: 11.11%
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: 2.16% Traditional cash on cash: 8.4% Airbnb Rental Income: $1472 Traditional Rental Income: $1910 Airbnb ROI: 2.16% Traditional ROI: 8.4%
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.	$325,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.25% Airbnb Rental Income: $1436 Traditional Rental Income: $1965 Airbnb ROI: 1.12% Traditional ROI: 4.25%
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.	$549,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.62% Airbnb Rental Income: $1472 Traditional Rental Income: $2948 Airbnb ROI: -0.09% Traditional ROI: 3.62%
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: 0.53% Traditional cash on cash: 5.06% Airbnb Rental Income: $1472 Traditional Rental Income: $2983 Airbnb ROI: 0.53% 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.	$399,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 4.41% Airbnb Rental Income: $1472 Traditional Rental Income: $2480 Airbnb ROI: 0.55% Traditional ROI: 4.41%
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.	$549,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.6% Airbnb Rental Income: $1835 Traditional Rental Income: $2837 Airbnb ROI: 0.68% Traditional ROI: 3.6%
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: 0.3% Traditional cash on cash: 3.55% Airbnb Rental Income: $1472 Traditional Rental Income: $2691 Airbnb ROI: 0.3% Traditional ROI: 3.55%
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 \| N/A	$510,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 4.08% Airbnb Rental Income: $2390 Traditional Rental Income: $2864 Airbnb ROI: 1.85% Traditional ROI: 4.08%
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.	$169,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 9.78% Airbnb Rental Income: $1472 Traditional Rental Income: $1974 Airbnb ROI: 3.97% Traditional ROI: 9.78%
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: -0.32% Traditional cash on cash: 1.19% Airbnb Rental Income: $1472 Traditional Rental Income: $2301 Airbnb ROI: -0.32% 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: 0.09% Traditional cash on cash: 2.51% Airbnb Rental Income: $1472 Traditional Rental Income: $2338 Airbnb ROI: 0.09% Traditional ROI: 2.51%
10169 Homestake Road Spearfish, SD Nestled near the highly sought-after Sand Creek Recreation area just west of Spearfish, th...	3 beds \| 3 baths \| 2,816 sq.ft.	$650,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 4.08% Airbnb Rental Income: $1472 Traditional Rental Income: $3448 Airbnb ROI: 0.11% Traditional ROI: 4.08%
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: $2390 Traditional Rental Income: $5169 Airbnb ROI: 0.21% Traditional ROI: 2.8%
1712 River View Circle Spearfish, SD Welcome to 1712 River View Circle in Spearfish, a Governor's home nestled in the peaceful ...	2 beds \| 1 baths \| 2,016 sq.ft.	$299,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 4.09% Airbnb Rental Income: $1436 Traditional Rental Income: $1792 Airbnb ROI: 1.3% Traditional ROI: 4.09%
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.	$825,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 3.18% Airbnb Rental Income: $2390 Traditional Rental Income: $3823 Airbnb ROI: 0.55% Traditional ROI: 3.18%
2419 Windmill Drive Spearfish, SD Quality living in this Luxurious townhome in the lovely Sandstone Hills Subdivision with 4...	4 beds \| 3 baths \| 2,862 sq.ft.	$530,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 3.88% Airbnb Rental Income: $2390 Traditional Rental Income: $3156 Airbnb ROI: 1.15% Traditional ROI: 3.88%
3915 Gallatin Avenue Spearfish, SD Welcome home to this inviting 5-bedroom, 2-bath residence offering 2,199 sq ft of comforta...	5 beds \| 2 baths \| 2,199 sq.ft.	$451,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 4.47% Airbnb Rental Income: $1835 Traditional Rental Income: $2730 Airbnb ROI: 1.17% Traditional ROI: 4.47%
2301 Bridgestone Street Spearfish, SD Call Listing Agent Karson Klein at (605) 641-5548 to schedule a showing or request additio...	4 beds \| 3 baths \| 3,057 sq.ft.	$925,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 2.69% Airbnb Rental Income: $2390 Traditional Rental Income: $3369 Airbnb ROI: 0.87% Traditional ROI: 2.69%
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.	$549,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 4.44% Airbnb Rental Income: $1835 Traditional Rental Income: $3473 Airbnb ROI: 0.28% Traditional ROI: 4.44%
6172 Orion Street Spearfish, SD For more information, please contact listing agent Michael Warwick 605-641-2569 with Great...	2 beds \| 1 baths \| 1,139 sq.ft.	$315,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 3.6% Airbnb Rental Income: $1436 Traditional Rental Income: $1740 Airbnb ROI: 1.12% Traditional ROI: 3.6%

Real Estate investment in Spearfish, SD

There are 70 properties for sale in the city of Spearfish . The median list price in Spearfish is $459,000 and the average price per square foot is $178. In January 2026, the average monthly cash on cash return in Spearfish is 3.00%. The average monthly rental income in Spearfish is $2,349.

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

There are 70 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 $2,349.

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.

$455,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $1472

Traditional Rental Income: $2679

Airbnb ROI: -0.08%

Traditional ROI: 3.77%

544 N 12th Street

Spearfish, SD

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

$400,000

Airbnb cash on cash: 2.99%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $2390

Traditional Rental Income: $2518

Airbnb ROI: 2.99%

Traditional ROI: 4.9%

2055 Aspen Hills Road

Spearfish, SD

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

$975,000

Airbnb cash on cash: -0.42%

Traditional cash on cash: 1.06%

Airbnb Rental Income: $2390

Traditional Rental Income: $3143

Airbnb ROI: -0.42%

Traditional ROI: 1.06%

840 W Jackson Boulevard

Spearfish, SD

4 beds | 2 baths | N/A

$349,000

Airbnb cash on cash: 2.92%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $2390

Traditional Rental Income: $2589

Airbnb ROI: 2.92%

Traditional ROI: 5.32%

2147 Talisker Avenue

Spearfish, SD

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

$699,900

Airbnb cash on cash: 0.32%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $2390

Traditional Rental Income: $3313

Airbnb ROI: 0.32%

Traditional ROI: 2.63%

209 Wyoming Court

Spearfish, SD

4 beds | 2 baths | 1,788 sq.ft.

$475,000

Airbnb cash on cash: 1.55%

Traditional cash on cash: 3.19%

Airbnb Rental Income: $2390

Traditional Rental Income: $2532

Airbnb ROI: 1.55%

Traditional ROI: 3.19%

2334 Talisker Avenue

Spearfish, SD

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

$675,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 1.28%

Airbnb Rental Income: $2390

Traditional Rental Income: $2349

Airbnb ROI: 0.41%

Traditional ROI: 1.28%

3912 Ward Avenue

Spearfish, SD

4 beds | 3 baths | 2,665 sq.ft.

$575,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: 1.54%

Airbnb Rental Income: $2390

Traditional Rental Income: $2140

Airbnb ROI: 0.91%