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    Fostoria, IA Everly, IA Milford, IA Spirit Lake, IA Arnolds Park, IA Ruthven, IA Peterson, IA Graettinger, IA
    Six-Unit Multifamily Property
    Updated: Feb 24
    Six-Unit Multifamily Property

    21 W 1ST ST, Spencer, IA 51301

    $175,000
    4,308 sqft 0.12 AC lot
    6‑plex in Spencer, IA with 2 of 6 units currently rented
    Partially remodeled property with 4 remaining units available for renovation and lease‑up
    Built in 1949
    Heating: baseboard
    Cooling: window unit(s)
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    10-Unit Apartment Building with Garages
    10-Unit Apartment Building with Garages

    1010-1020 Williams DR., Fort Dodge, IA 50501

    $625,000
    12,438 sqft 0.06 AC lot

    10 units each with separate utilities and appliances, plus 10 garage stalls, in a compact residential setting.

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    City Centre Condominium Complex
    City Centre Condominium Complex

    109 E Luverne Street Units 101-336, Luverne, MN 56156

    $1,750,000
    75,000 sqft 2.22 AC lot

    32-unit complex in Luverne, featuring a full gymnasium.

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    New Multifamily Property with Amenities
    New Multifamily Property with Amenities

    120 W Hatting St, Luverne, MN 56156

    $7,000,000

    Multifamily property built in 2023 with assumable HUD loan.

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    Fort Dodge Multifamily Investment
    Fort Dodge Multifamily Investment

    Regency West Ct 23rd Place N and N 15th Place, Fort Dodge, IA 50501

    $7,200,000
    48,000 sqft 8.40 AC lot

    48-unit multifamily property in Fort Dodge, Iowa for sale.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Spencer, IA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Spencer, IA on our real estate platform. These investment opportunities span a total of 4,308 square feet of properties for sale, with an estimated market value of $175,000.

    Sale prices for two-family homes in Spencer, IA start at $175,000, averaging $175,000, and reaching up to $175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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

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