Updated
For Sale
$200,000
1451 Red Cedar Lane, Spencer, IN 47460
Residential Income, Spencer, IN
Property Size1,755 SF
Lot Size0.45 Acres
Price / SF$113.96
Days on Market35
Property Features for 1451 Red Cedar Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
Parking features
Carport, Driveway
High school district
Spencer-Owen Community Schools
Directions
From Spencer, travel south on Main Street crossing the river bridge (becoming Pottersville Road), travel 4.25 miles and turn east onto Red Cedar Lane, first driveway on the left
Standard status
Active
APN
60-17-07-200-110.060-016
Size
1,755 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2446
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1990
Floors in Building
1
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Farmers National Company
Listed By:
Steven Lankford
(812) 876-7612
Added: Sep 12
Changed: Oct 16
Last Checked: Oct 16 at 4:06PM
MLS# 12028848
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,755-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Interior updates include flooring and fixtures, and cosmetic improvements have been made throughout. The building was constructed in 1990 and has vinyl siding beneath an asphalt roof.
The 0.45-acre property is in a rural setting in Spencer, Indiana. A well supplies water, and the property uses a septic system. Parking includes a carport and driveway.
Both units are occupied by long-term tenants. The property offers a two-unit configuration with separate living spaces and shared on-site parking.
The 0.45-acre property is in a rural setting in Spencer, Indiana. A well supplies water, and the property uses a septic system. Parking includes a carport and driveway.
Both units are occupied by long-term tenants. The property offers a two-unit configuration with separate living spaces and shared on-site parking.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,755 square feet on a 0.45‑acre lot
- Interior updates include flooring, fixtures, and cosmetic improvements
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
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 - Two separate residences provide two bedrooms and one bathroom apiece, with refreshed interiors and tenant occupancy.
Where is this duplex located?
The property is located at 1451 Red Cedar Lane Spencer, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,755 square feet on a 0.45‑acre lot; Interior updates include flooring, fixtures, and cosmetic improvements
