Townhouse Investment Properties for Sale in Spearfish, SD
$ 649,000
ROI
21.7
Cash Flow/m
294- 4 Bed
- 3 Bath
- 2778 sft
7708 Duke Pkwy, Spearfish, SD, 57783
$ 429,000
ROI
23.9Cash Flow/m
497- 3 Bed
- 3 Bath
- 2128 sft
1925 N Main St, Spearfish, SD, 57783
$ 595,000
ROI
20.5Cash Flow/m
68- 3 Bed
- 4 Bath
- 2734 sft
250 Fairway Dr, Spearfish, SD, 57783
$ 425,000
ROI
22.9Cash Flow/m
372- 2 Bed
- 2 Bath
- 2088 sft
127 Mystery Wagon Rd, Spearfish, SD, 57783
Why Invest in Spearfish, South Dakota?
Spearfish, SD townhouses offer strong investment potential in the Black Hills region. Stable rental demand from tourism and local professionals supports consistent cash flow. With cap rates around 6-7% and annual appreciation of 4%, these properties deliver solid returns. Low vacancy rates and growing population make townhouses a smart choice for passive income. Proximity to outdoor recreation attracts long-term renters seeking affordable housing options.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$1250/mo
Avg. Cash Flow
$1850/mo
Avg. Rent
4.2%
1Y Appreciation
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