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    Spencer, IN Apartment Buildings for Sale

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    Gosport, IN Ellettsville, IN Bloomington, IN
    Downtown Spencer Commercial Property
    $339,900
    3,024 SF

    Downtown Spencer Commercial Property

    69 S Main Street, Spencer, IN 47460

    Commercial property with retail space and apartments in downtown Spencer.

    • Prime location on the west side of the Square in downtown Spencer.
    • 3024 sq ft of currently rented commercial space on the main level.
    • Two additional stories with currently rented apartments.
    • Separate entrance for apartments, distinct from the commercial space.
    • Building constructed with brick.
    Updated: Mar 24
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, IN, 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.

    44-Unit Apartment Investment Opportunity
    $3,000,000
    34,212 SF

    44-Unit Apartment Investment Opportunity

    44-unit apartment complex with strong occupancy and income potential.

    2600 6th Street, Bedford, IN 47421
    View details
    Renovated Townhome Community Near IU
    $4,500,000

    Renovated Townhome Community Near IU

    20-unit townhome community near Indiana University with significant capital improvements.

    1136 W 17th St, Bloomington, IN 47404
    View details
    Mixed-Use Commercial Property
    $299,900
    0.41 Acres

    Mixed-Use Commercial Property

    Versatile property with warehouse, office space, and apartments.

    701-705 I Street, Bedford, IN 47421
    View details
    Stapleton Townhomes: 20-Unit Community
    $4,500,000

    Stapleton Townhomes: 20-Unit Community

    20-unit townhome community near Indiana University with recent upgrades.

    1136 W 17th St, Bloomington, IN 47404
    View details

    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.

    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres

    Prime Development Land, Springfield MO

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

    N West Bypass, Springfield, MO 65802
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607
    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details

    Spencer, IN Apartment Buildings Investment Opportunities Market Analysis

    Explore 1 apartment buildings for sale in Spencer, IN on our real estate platform. These investment opportunities span a total of 3,024 square feet of properties for sale, with an estimated market value of $339,900.

    Sale prices for two-family homes in Spencer, IN start at $339,900, averaging $339,900, and reaching up to $339,900 — 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 11K
    Population Growth (5Y) +4.4%
    Median Household Income $67,688
    College Educated 29.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    47460 $339.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $34.39 per sq ft
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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