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    Spencer, IA
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    Spencer, IA Apartment Buildings for Sale

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    Dickens, IA Fostoria, IA Everly, IA Rossie, IA Ruthven, IA Milford, IA Terril, IA West Okoboji, IA
    41-Unit Apartment Building
    Updated: Apr 11
    41-Unit Apartment Building

    1212 S Grand Avenue, Spencer, IA 51301

    Contact for pricing
    41 units: 28 two‑bedroom and 13 one‑bedroom apartments
    50‑car garage parking
    Complete replacement of exterior walls
    Private balconies, updated windows, sliding doors, and roof
    New kitchen and bathroom faucets, fixtures, and vanities
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    68-Unit Concrete Apartment Building
    Updated: Apr 11
    68-Unit Concrete Apartment Building

    110 4th Street SE, Spencer, IA 51301

    Contact for pricing
    68‑unit multifamily building with a well‑built concrete structure
    Individually metered electric and all units have A/C; individually metered and heated
    Unit mix includes 40 two‑bedroom units, 27 one‑bedroom units, and 1 penthouse with 3 beds/3 baths
    36‑car parking structure adjacent to the property, plus exterior paved parking
    Newer windows and updated hallways
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Townhome-Style Apartment Buildings
    Townhome-Style Apartment Buildings

    3300 Sunner Ave Bldg A & B, Spirit Lake, IA 51360

    $1,395,000
    14,784 sqft

    Twelve-unit multifamily property with attached garages, in-unit laundry, and walk-out patios.

    View details
    Mixed-Use Downtown Building
    Mixed-Use Downtown Building

    40 Downtown Plaza, Fairmont, MN 56031

    Contact for pricing
    7,200 sqft

    Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

    View details
    City Side Estates Apartments
    City Side Estates Apartments

    600 Burton Lane, Fairmont, MN 56031

    Contact for pricing
    36,840 sqft

    36-unit apartment complex in Fairmont, MN, with 19 garages.

    View details
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    1501 Hill Ave, Spirit Lake, IA 51360

    $900,000

    Multi-unit property offers detached garage parking, basement storage, and shared laundry facilities.

    View details

    Spencer, IA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Spencer, IA on our real estate platform.

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    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.0%
    Median Household Income $61,175
    College Educated 35.9%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    51301 $175K

    Taxes & Financing

    Tax Rate (average for all types) 2.27%
    Property Tax per SF $32.12 per SF
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clay County

    New Delisted

    Total CRE Inventory on Market (SF)

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