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1451 Red Cedar Lane, Spencer, IN 47460
Each residence offers two bedrooms and one bathroom, with refreshed interiors and long-term occupants.
Property Size1,755 SF
Days on Market39
Property Features for 1451 Red Cedar Lane
General Information
Standard status
Active
Size
1,755 SF
Property subtype
Multi-Unit (2-4)
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Lot Size Acres: 0.45
Asphalt Roof
Sewer Type: Private Septic
Total Taxes: $2,446, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Trees: 1
Sale, Sale Type: Foreclosure, Sale Type: Auction, Availability Date: 2026-12-12, Auction URL: https://farmersnational.nextlot.com/auctions, Auction Start Time: 2026-11-04 13:00:00, Auction End Time: 2026-11-10 21:00:00
Carport, Driveway
School District: Spencer-Owen Community Schools
4 Bedrooms
Residential Style: 2600, One Story, Built in 1990, Renovation Year: 2020
Property Township: Clay
Property Zone Type: 100, Above Area Square Feet: 1755
2 Full Baths
Water Source: Private Well
Construction Type: Frame
Vinyl Siding
Building Details
Year Built
1990
Buildings
1
Tenancy
Multi
Listing Agency:
Farmers National Company
Listed By:
Steven Lankford
(812) 876-7612
Source:
Doyle-realty
Added: Sep 12
Changed: Oct 19
Last Checked: Oct 19 at 2:37PM
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 Farmers National Company
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Investment Insights
Based on property information with market context.
This 1,755 SF duplex, built in 1990, contains two residences, each arranged with 2 bedrooms and 1 bathroom. Interior updates include flooring, fixtures, and cosmetic improvements. Both units are occupied by long-term tenants.
The property is set in a rural countryside neighborhood in Spencer, with access to local dining, schools, and major routes described as a short drive away. Nearby schools include McCormick's Creek Elementary, Owen Valley Middle, and Owen Valley Community High School.
The property is set in a rural countryside neighborhood in Spencer, with access to local dining, schools, and major routes described as a short drive away. Nearby schools include McCormick's Creek Elementary, Owen Valley Middle, and Owen Valley Community High School.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,755 SF duplex built in 1990
- Both units occupied by long‑term tenants
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
Demographics for 47460, IN
11,560
Population
5,045
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
150.5 sq mi
ZIP Area
77
Density / Sq Mi
$67,688
Median Household Income
$42,113
Median Earnings
$888
Median Rent
$177,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with refreshed interiors and long-term occupants.
Where is this duplex located?
The property is located at 1451 Red Cedar Lane Spencer, IN.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,755 SF duplex built in 1990; Both units occupied by long‑term tenants
