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.
Property Details
Price:
$851,500
MLS #:
87192
Status:
Active
Baths:
0
Type:
Multi Family
Subdivision:
Schar
Neighborhood:
spearfish
Listed Date:
Jan 17, 2026
See this Listing
Schools
Interior
Exterior
Financial
Unit 1 Rent
1800
Unit 2 Rent
1500
Unit 3 Rent
1600
Map
Community
- Address731 & 735 N Ames Street Spearfish SD
- NeighborhoodSpearfish
- SubdivisionSchar
- 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 10, 2026
7
Multi Family Listed
268
Avg DOM
216
Avg $ / SqFt
$1,341,643
Avg List Price
Property Summary
- Located in the Schar subdivision, 731 & 735 N Ames Street Spearfish SD is a Multi Family for sale in Spearfish, SD, 57783. It is listed for $851,500 To schedule a showing of MLS#87192 at 731 & 735 N Ames Street in Spearfish, SD, contact your Dakota Home and Ranch Real Estate agent at 605.645.8983.
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Courtesy of eXp 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.

731 & 735 N Ames Street
Spearfish, SD

