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    Spencer, IA Apartment Buildings for Sale

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    Six-Unit Conversion Opportunity
    $82,000
    0.31 Acres

    Six-Unit Conversion Opportunity

    312 W 2Nd St, Spencer, IA 51301

    Six-unit conversion property near downtown and bike trails.

    • Six‑unit conversion property offering significant rental income potential.
    • Located blocks from downtown and bike trails.
    • Features five 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit.
    • Built in 1915, offering historical charm.
    • Opportunity to restore the property to its former glory.
    Updated: Dec 9, 2025
    View details
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Luverne, MN Luxury Apartment Complex
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    54,000 SF

    Luverne, MN Luxury Apartment Complex

    Energy-Efficient Apartments, Prime Location

    120 Hatting St, Luverne, MN 56156
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    Updated Condo in 55+ Community
    $68,000
    550 SF

    Updated Condo in 55+ Community

    Tastefully updated 1-bedroom condo in a welcoming 55+ community.

    200 S Freeman Ave, Luverne, MN 56156
    View details
    Slayton Senior Apartment Building
    $650,000
    0.88 Acres

    Slayton Senior Apartment Building

    Well-maintained 32-unit senior apartment building with HUD contract.

    3200 Maple Ave, Slayton, MN 56172
    View details
    23-Unit Apartment Building Investment
    $700,000
    0.88 Acres

    23-Unit Apartment Building Investment

    23-unit apartment building in Slayton, MN with cash flow potential.

    3200 Maple Ave, Slayton, MN 56172
    View details

    Spencer, IA Apartment Buildings Investment Opportunities Market Analysis

    Explore 1 apartment buildings for sale in Spencer, IA on our real estate platform. These investment opportunities span a total of 13,504 square feet of properties for sale, with an estimated market value of $82,000.

    Prices for two-family homes in Spencer, IA start at $82,000, averaging $82,000, and reaching up to $82,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Most Searched ZIP Codes in Spencer, IA

    • 51301

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