Condo Investment Properties for Sale in Spearfish, SD
9- 2 Bed
- 2 Bath
- 1063 sft
72- 2 Bed
- 2 Bath
- 1610 sft
132- 2 Bed
- 2 Bath
- 1063 sft
268- 4 Bed
- 1 Bath
- 3264 sft
- 3 Bed
- 2 Bath
- 1981 sft
141- 2 Bed
- 1 Bath
- 748 sft
130- 3 Bed
- 1 Bath
- 1144 sft
268- 2 Bed
- 1 Bath
- 1132 sft
142- 2 Bed
- 1 Bath
- 840 sft
161- 3 Bed
- 2 Bath
- - sft
89- 1 Bed
- 2 Bath
- 1400 sft
133- 3 Bed
- 2 Bath
- 1308 sft
141- 3 Bed
- 2 Bath
- - sft
149- 2 Bed
- 1 Bath
- 1342 sft
146- 4 Bed
- 2 Bath
- 1686 sft
171- - Bed
- - Bath
- - sft
128- 3 Bed
- 2 Bath
- 1824 sft
148- 3 Bed
- 2 Bath
- 1216 sft
-- 2 Bed
- 1 Bath
- 960 sft
136- 2 Bed
- 1 Bath
- 1379 sft
148- 2 Bed
- 2 Bath
- 1531 sft
120- 4 Bed
- 2 Bath
- 1097 sft
411- - Bed
- - Bath
- - sft
720- - Bed
- - Bath
- - sft
-- - Bed
- - Bath
- - sft
-- - Bed
- - Bath
- - sft
160- 6 Bed
- 5 Bath
- 1930 sft
Why Invest in Spearfish, South Dakota?
Spearfish, SD offers strong potential for condo investors seeking steady rental demand in the Black Hills region. With a growing retiree and tourism-driven population, condos provide accessible entry into this appreciating market. Average rents around $1,980 support solid cash flow, complemented by 2-3% annual appreciation. Cap rates hover at 5-6%, with renter occupancy exceeding 40% per census data. Low vacancy and limited supply make condos a resilient choice for passive income.
Frequently Asked Questions
Yes, condos offer solid rental yields around 5-6% due to tourism and university demand. Low vacancy rates and 2.5% appreciation make them resilient. Focus on properties near downtown or campus for best cash flow.
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