A truly rare opportunity to own two beautifully renovated, side-by-side properties in one of Spearfish's most desirable and walkable locations. Situated on to adjoining 0.16-acre lots zoned for both residential and commercial use, this unique property package offers exceptional flexibility for homeowners, investors and future development alike. Both homes are located along a charming creek that flows through the front yards, creating a peaceful, nature-filled setting that is seldom found so close to downtown. Enjoy the convenience of being within walking distance to historic downtown Spearfish, Black Hills State University, local shops, restaurants, and community amenities. The portfolio includes: 731 N Ames St- A fully renovated 2-bedroom, 1-bath single-family home offering 720 square feet of comfortable living space. 735 N Ames St- A fully renovated duplex with 2-bedroom, 1-bath units and full kitchens, totaling 1,102 square feet, plus a detached one-car garage with two additional storage units. both properties have proven history of success as long-term rentals and highly rated Airbnbs, making this an exceptional opportunity for income-producing ownership from day one. Whether you are seeking a strategic investment, a live-in-and-rent opportunity, or a rare side-by-side assemblage in a high-end corridor, this portfolio offers location, versatility, and long-term upside that is increasingly difficult to find in Spearfish.
This beautifully renovated 2-story duplex is a rare find, offering both charm and versatility in a prime location near downtown Spearfish and Black Hills State University. Nestled on a spacious lot with a picturesque creek running through, this property provides serene surroundings along with easy access to local amenities, making it perfect for homeowners or investors. Each unit features 2 bedrooms, 1 full bath, and a full kitchen. The upstairs unit includes a washer/dryer combo and a spacious balcony, perfect for relaxing and taking in the peaceful views. Both units have been fully renovated, offering a fresh and modern appeal. The property also boasts excellent storage and functionality, with a one-car garage and two attached storage units providing ample space for vehicles, tools, or other needs. Recent upgrades to the building include new siding, and a new electrical box, ensuring the property is move-in ready. The duplex has been successfully operated as a combination of a long-term rental and an Airbnb, offering multiple income streams and flexibility for the next owner. Whether you're looking to live in one unit and rent out the other, continue its use as a profitable rental property, or explore new opportunities, the possibilities are endless! Donâ??t miss this incredible opportunity to own a turnkey property in a sought-after location. Schedule your showing today and start envisioning your future in this unique and versatile duplex. Jaden Harper 512.983.6619
Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479.POTENTIAL DUPLEX OPPORTUNITY!! Lower level bedrooms are all non-conforming due to lack of proper and up-to date egress windows. Each residence would even have it's OWN PRIVATE garage space. Looking for a unique gem outside of City limits with a spacious and very function ranch style home, a huge 30x40 pole barn for storage and that additional oversized 21x37 garage space....I have it for you! Located in and on the very desirable Upper Valley Road area, you are just minutes from downtown Spearfish, all of the shopping, coffeeshops, medical facilities, and so much more. This home is very unique in the way that there are 3 spacious bedrooms on the main level, a huge laundry room, along with two bathrooms, a roomy living area with a gas fireplace, dining room space and a great galley kitchen with a walk in pantry. The basement offers 4 additional bedrooms that are all non-conforming (not having the proper egress windows), and additional very open and spacious living room with a pellet stove, a dining area, kitchenette and a second laundry room! This is also a walkout basement. The home and outbuildings sit on a lovely and level 0.52+/- acre lot that is fenced in! Come a take a peek at this cool home. It surely is one of a kind. The possibilities are endless.
Incredible opportunity to own an investment property on 1.62 acres just off Exit 8 with endless options for expansion of the space. This versatile property includes a barn that is mostly finished and is currently being leased as an office & storage space. Plus, an updated duplex rental home (each unit offering 2 bedrooms and 1 bathroom), and ample land for future expansion of units, storing equipment or building additional structures if desired.
Welcome to 835 W Hill St, Unit 205 in a desirable 55+ community. This 2 bed, 2 bath condo features a spacious balcony with beautiful views, granite countertops and backsplash, stainless steel LG appliances, Pella patio windows, and updated fixtures. The drive-under 2-car garage includes a private storage room, and the building offers elevator access for convenience. The HOA takes care of snow removal, lawn care, and exterior maintenance so you can enjoy low-maintenance living. One pet under 20 lbs is welcome, making this the perfect blend of comfort, style, and ease.
Incredible rental investment opportunity with this 5-plex in downtown Spearfish, operating at 100% occupancy rate! 4 of the 5 apartment units have been remodeled with new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets. All units are 1-bedroom, 1-bathroom, except the basement unit is a larger 2-bedrooms, 1-bathroom unit. Basement also offers a common laundry room area. There is a detached garage accessed from the alley along with additional parking, plus front off-street parking! Brand new roof in summer 2025.
For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. New Rental expansion!! 2 brand new buildings will be added to this income-producing operation in the Spring 2026 offering a total of 18 rental units! The Russell Street Duplexes located in the Commons at the Reserve in Spearfish are your modern-day fully appliance furnished apartment style, upstairs & downstairs units serve as a fantastic investment opportunity! Each duplex has 836 sq ft providing adequate living space, presenting an open concept layout with large stationary island complimented with 2 bedrooms (one ensuite), 2 full bathrooms and laundry room. Each unit has a deck/patio and off-street parking spaces. These units run at 100% occupancy since they were completed. Currently the site has 7 buildings with a total of 14 units, 2 more newly built buildings to be added in the Spring 2026 - but this full development is approved for 21 structures (42 units) in all. Call today!
Spearfish is located in South Dakota. Spearfish, South Dakota has a population of 12,031. Spearfish is more family-centric than the surrounding county with 27.75% of the households containing married families with children. The county average for households married with children is 25.84%.
The median household income in Spearfish, South Dakota is $52,258. The median household income for the surrounding county is $56,166 compared to the national median of $69,021. The median age of people living in Spearfish is 36.8 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 21.3 inches per year, with 56.4 inches of snow per year.
