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    19 E 2Nd St Spencer, IA 51301

    For Sale
    $125,000

    Duplex - Spencer, IA

    Type:Duplex
    Property size:
    2,050 SF
    Lot size:
    0.19 Acres
    Days on Market:
    57
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 19 E 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    APN
    963618132015
    Exterior features
    Driveway-concrete, Driveway-gravel, Driveway-shared
    Size
    2,050 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Building materials
    Block, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Hometown Realty (712) 260-5711 [email protected]

    Listing agent Kelly Bierl (712) 260-5711 License #B64536

    Listing date Oct 10, 2025

    MLS# 251337 Listing URL

    Copyright © 2025 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spencer Duplex: Investor Opportunity

    Located in Spencer, Iowa, this 1½-story frame bungalow features two separate living units, offering practical living spaces for tenants. The property, situated near downtown, has a history of strong occupancy and consistent cash flow. It is located on a 0.19-acre lot. The building size is 2050 square feet. This property is suited for investors seeking a stable, income-producing opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Clay
    State
    Iowa
    Longitude
    -95.143585035582
    Latitude
    43.139729056942

    Nearby Similar for Sale

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    • $599,000
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      Restaurant with Playground and Office

      5,438 SF property featuring restaurant, playground, and office spaces.
      202 11Th Street Sw Plz SW, Spencer, IA 51301
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    • $214,900

      Light-Filled Home with Large Backyard

      Two-bedroom home featuring ample storage and a spacious backyard.
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    FAQs

    What type of property is this?
    Duplex - Two-unit property in Spencer, Iowa, offering stable income potential.
    Where is this duplex located?
    The property is located at 19 E 2Nd St Spencer, IA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Income-producing property with long-term tenants and consistent cash flow.; - Two separate living units offering simple, practical living.; - Strong occupancy history.
    (712) 260-5711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 E 2Nd St Spencer, IA 51301
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