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Triplex with Basement
For Sale
$63,000

807 4th Avenue, Spencer, IA 51301

MULTIFAMILY, Spencer, IA

Property SizeContact for details
Lot Size0.18 Acres
Days on Market284

Property Features for 807 4th Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Rooms Basement, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 5
Elementary school district Spencer
Middle school district Spencer
High school district Spencer
Directions GPS
Subdivision Clay
Standard status Active
APN 963712433018
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 1 COBBS COURT *see abstract for full legal*
Tax Annual Amount 1562
Legal Description 1 COBBS COURT *see abstract for full legal*

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1900
Number of units 3
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Hinn Real Estate
Listed By: Bryan Sebastian · License #S65753
Added: Dec 8, 2025 Changed: Sep 15 Last Checked: Sep 18 at 11:06PM
MLS# 251528

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This three-unit multifamily property at 807 4th Avenue includes six bedrooms, three bathrooms, and a basement. Built in 1900, the structure has vinyl siding, an asphalt roof, forced-air heating, public water, and public sewer. Repairs and updates are needed, providing a clear scope for improving the property’s condition.

The parcel contains 0.1818 acres within Spencer, Iowa. Its central setting places the property within walking distance of a range of community destinations, according to the provided location description.

Key Highlights

  • Three‑unit multifamily property with 6 bedrooms and 3 bathrooms
  • 0.1818‑acre parcel in Spencer, Iowa
  • Built in 1900; repairs and updates are needed

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

764
Businesses Nearby

Demographics for 51301, IA

12,606
Population
6,096
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
157.7 sq mi
ZIP Area
80
Density / Sq Mi
$61,175
Median Household Income
$38,961
Median Earnings
$796
Median Rent
$180,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with six bedrooms, three bathrooms, public utilities, forced-air heating, and vinyl siding.
Where is this triplex located?
The property is located at 807 4th Avenue Spencer, IA.
What is the asking price?
The asking price for this property is $63,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 6 bedrooms and 3 bathrooms; 0.1818‑acre parcel in Spencer, Iowa; Built in 1900; repairs and updates are needed
More about this property
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