21 W 1ST ST Spencer, IA 51301
- Added:
- Feb 24, 2026
- Days on Market:
- 51
- Last Refresh:
- Apr 16 at 3:06 am
Property Features for 21 W 1ST ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Exterior features
- Fixer Upper
- Standard status
- Active
- APN
- 19041-963618134010
- Size
- 4,308 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3989
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1949
- Architectural style
- Other
Listing agent Nic Madsen (712) 540-6562
Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, IA (712) 226-8000
Listing date Feb 24, 2026
MLS# 831915
Listing URL
Copyright © 2026 Northwest Iowa Regional 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 Multifamily Renovation Opportunity
Located in Spencer, Iowa, this multifamily property presents a value-add opportunity. The property consists of six units and offers potential for increased cash flow through renovations. Currently, two of the six units are rented, providing immediate income. The remaining four units are available for renovation and lease-up, offering the opportunity to improve overall returns. Improvements are already underway. The property is located near downtown Spencer amenities. The lot size is 0.12 acres and the property size is 4,308 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Clay
- State
- Iowa
- Longitude
- -95.145627
- Latitude
- 43.138821
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Spencer, Iowa with renovation upside.
Where is this apartment building located?
The property is located at 21 W 1ST ST Spencer, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Value‑add opportunity with strong upside potential through renovations.; Partially remodeled with 2 of 6 units currently rented, providing immediate income.; Opportunity to renovate and lease 4 vacant units to significantly improve returns.
