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68-Unit Concrete Apartment Building
For Sale
Contact for pricing
Pending

110 4th Street SE, Spencer, IA 51301

Well-built concrete multifamily with individually metered electric and A/C in all units.

Property SizeContact for details
Days on Market142

Property Features for 110 4th Street SE

General Information

Standard status Pending
Total Parking Spaces 36
Property subtype Multifamily

Additional Details

Multifamily Units 68

Building Details

Tenancy Multi
Listing Agency: Integrity Real Estate
Listed By: Nick Steffes · License #IA B44022000
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Aug 29 at 1:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Integrity Real Estate

Investment Insights

Based on property information with market context.

This 68-unit apartment building is constructed with a well-built concrete structure. Units are individually metered for electric and heated, and all units include air conditioning. The building includes a mix of two-bedroom, one-bedroom, and one penthouse unit with three bedrooms and three baths. Updates include newer windows and updated hallways.

The property provides ample exterior paved parking. A 36-car parking structure is adjacent to the building, supporting tenant parking needs.

The unit mix is 40 two-bedroom units, 27 one-bedroom units, and one penthouse unit.

Key Highlights

  • 68‑unit multifamily building with a well‑built concrete structure
  • Individually metered electric and all units have A/C; individually metered and heated
  • Unit mix includes 40 two‑bedroom units, 27 one‑bedroom units, and 1 penthouse with 3 beds/3 baths

Property Analytics

Current Use

Bill Phelps, DDS Dental Office Oak Crete Apartments Apartment Building Sackett | A Goosmann Law ... Law Firm Phelphs G William ... Dental Office Clay County Abstract, ... Title Company

Suggested Use

Top Pick Parking Lot & Garage Law Firm Real Estate Agency Gym & Fitness Center Electrical Service (Bike/Boat/Book/etc) Store

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

68
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

569
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

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?
Apartment building - Well-built concrete multifamily with individually metered electric and A/C in all units.
Where is this apartment building located?
The property is located at 110 4th Street SE Spencer, IA.
What are key features of this property?
This property features: 68‑unit multifamily building with a well‑built concrete structure; Individually metered electric and all units have A/C; individually metered and heated; Unit mix includes 40 two‑bedroom units, 27 one‑bedroom units, and 1 penthouse with 3 beds/3 baths
(712) 339-0293 Call to check price and availability
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