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
- Cedar Berry Canyon Estates
- Centennial Vista Est
- Cornell
- Country Club Spf
- Countryside
- Creekside
- Crow Peak Bench
- Deberg Addn
- Dodds
- EAGLE RIDGE EST
- ElKhorn Ridge Golf Estates
- Falcon Crest
- Fox Canyon
- Frawley Ranch
- Goldenbelt
- Green Acres
- Harmony Heights
- Higgins Creek
- Higgins Gulch Subdivision
- Highland Addition
- Homestead
- Lookout Mountain Subdivision
- Lookout Valley Tract
- Miller Addition
- Miller Ranch at Spearfish Canyon
- Mountain Pl 2
- Mountain Shadow Estates
- Mountain Shadows
- Original Town
- Palisades Estates
- Pearson
- Pine Oaks
- Ramsdell’s
- Reebe Ranch Estates
- Riley Subdiviso
- Rolling Hills
- Ruby Ridge
- Sandstone Hills
- Schar
- Sky Ridge
- South 40 Addition Subdivision
- Spearfish Valley Motor Home Estates
- Spring Creek Preserve Subdivision
- Sugar Crk Farms
- Sun Valley
- Sunset Oaks
- The Homestead at Countryside
- The Reserve On Higgins Creek
- The Timbers
- The Woodlands
- Top Shelf Development
- Uhlig
- Upper Valley
- Western Slope Estates
- Wild Turkey Estates
Market Summary
Current real estate data for Multi Family in Spearfish as of Jun 03, 2026
7
Multi Family Listed
215
Avg DOM
241
Avg $ / SqFt
$1,172,643
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
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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 include the name of the listing broker. Neither the listing company nor 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
