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    80 W Jefferson St Spencer, IN 47460

    For Sale
    $680,000

    Fiveplex - Spencer, IN

    Property size:
    6,996 SF
    Lot size:
    0.39 Acres
    Days on Market:
    186
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 80 W Jefferson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    Bathrooms
    10
    APN
    60-10-20-400-400.704-028
    Exterior features
    Ada Features, Other-see Remarks, None
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer
    Size
    6,996 SF
    Lot size
    0.39 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    10
    Building materials
    Stone
    Architectural style
    Other
    Additional Structures
    See Remarks

    FC Tucker/Bloomington REALTORS (812) 336-7300 [email protected]

    Listing agent Chris Cockerham (812) 336-7300 License #RB14027897

    Listing date Jun 3, 2025

    MLS# 202508727 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Investment Opportunity in Spencer

    This offering features two identical multifamily buildings, each containing five 1-bedroom, 1-bathroom ground-floor apartments. The properties are located within walking distance of the Spencer downtown square, positioned on Jefferson and Wayne Streets. This location provides immediate access to local shops, restaurants, and community amenities. Each unit rents for $600 per month with no security deposit. Tenants are responsible for electric, while the landlord covers septic, water, and trash. With a total of ten units across both buildings, this package offers reliable rental income. The property size is 6,996 square feet on a 0.394-acre lot. It is suited for investors seeking a stable, cash-flowing asset in a growing southern Indiana community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.763539
    Latitude
    39.284019

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    FAQs

    What type of property is this?
    Apartment building - Two fiveplex buildings near downtown Spencer, Indiana, with strong rental income.
    Where is this apartment building located?
    The property is located at 80 W Jefferson St Spencer, IN.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: - Two buildings with a total of ten 1-bedroom, 1-bathroom apartments, providing substantial rental income.; - Prime location within walking distance of the Spencer downtown square, offering convenient access to shops, restaurants, and amenities.; - Strong tenant demand due to low barriers to occupancy (no security deposit) and affordable $600/month rent per unit.
    (812) 336-7300
    Request Owner's contact information
    80 W Jefferson St Spencer, IN 47460
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    Spencer, IN 47460
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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
    80 W Jefferson St Spencer, IN 47460
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