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6 Beds

$851,500

731 & 735 N Ames Street, Spearfish SD, 57783

Property typeMulti-family

Overview

Active

Listed Jan 17, 2026

Updated Jun 3

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.

$5,665/mo

Est. mortgage payment based on a $851,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
87192

Interior Features

Bedrooms
6
Basement
No

Other Property Details

Pets Allowed
Yes

Broker Reciprocity Courtesy of eXp Realty

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the SD - Mount Rushmore Area Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elissa Erickson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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