For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. 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 to include 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.
Property Details
Price:
$659,000
MLS #:
87691
Status:
Active
Baths:
0
Type:
Multi Family
Subdivision:
Original Town
Neighborhood:
spearfish
Listed Date:
Mar 9, 2026
Finished Sq Ft:
4,305
Year Built:
1952
See this Listing
Schools
Interior
BASEMENT/SUBSTRUCT
Full Basement
COOLING
Window Evap.
HEATING
Natural Gas, Electric, Baseboard, Wall Furnace
Exterior
EXTERIOR
Paved Street
PARKING
Common
ROOF
Metal
SIDING
Stucco
Financial
Unit 1 Rent
$900
Unit 2 Rent
$950
Unit 3 Rent
$950
Unit 4 Rent
$950
Map
Community
- Address314 5th Street Spearfish SD
- NeighborhoodSpearfish
- SubdivisionOriginal Town
- CitySpearfish
- Zip Code57783
Subdivisions in Spearfish
- Aspen Hills
- Aspen View Subdivision
- Burno Estates
- CanyonGate Vill
- Cedar Berry Canyon Estates
- Centennial Vista Est
- Cornell
- Country Club Spf
- Crow Peak Bench
- Dodds
- Dry Creek
- ElKhorn Ridge Golf Estates
- Evans Addition
- Falcon Crest
- Frawley Ranch
- Goldenbelt
- Green Acres
- Harmony Heights
- Heritage Addition
- Heritage Drive Patio Homes
- Highland Addition
- Lookout Add
- Lookout Mountain Subdivision
- Lookout Valley Tract
- Miller Addition
- Miller Ranch at Spearfish Canyon
- Mountain Pl 1
- Mountain Pl 2
- Mountain Shadow Estates
- Mt. Shadows SPF
- Original Town
- Palisades Estates
- Peaceful Pines
- Pearson
- Pine Oaks
- Pleasant Ridge
- Ramsdell\’s
- Reebe Ranch Estates
- Rolling Hills
- Ruby Ridge
- Sandstone Hills
- Schar
- Sky Ridge
- Spring Creek Preserve Subdivision
- Sunset Oaks
- The Homestead at Countryside
- The Reserve On Higgins Creek
- The Timbers
- The Woodlands
- Top Shelf Development
- Valley View
- Voorhees Addition
- Wild Turkey Estates
Market Summary
Current real estate data for Multi Family in Spearfish as of Aug 13, 2026
7
Multi Family Listed
271
Avg DOM
216
Avg $ / SqFt
$1,341,643
Avg List Price
Property Summary
- Located in the Original Town subdivision, 314 5th Street Spearfish SD is a Multi Family for sale in Spearfish, SD, 57783. It is listed for $659,000 To schedule a showing of MLS#87691 at 314 5th Street in Spearfish, SD, contact your Dakota Home and Ranch Real Estate agent at 605.645.8983.
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© 2026 Mount Rushmore Area Association of Realtors®., Inc. All Rights Reserved.
Courtesy of Great Peaks Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the . Detailed information about real estate listings held by brokerage firms other than Dakota Home and Ranch Real Estate include the name of the listing broker. Neither the listing company nor Dakota Home and Ranch Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. . All rights reserved.
314 5th Street
Spearfish, SD