Four-Unit Apartment
For Sale
$165,000
206 W 3rd Street, Spencer, IA 51301
Fully occupied property with four one-bedroom, one-bathroom units and recently installed windows.
Property Size2,716 SF
Price / SF$60.75
Days on Market16
Property Features for 206 W 3rd Street
General Information
Standard status
Active
Size
2,716 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1956
Buildings
1
Listing Agency:
EXIT Realty Midwest- Spencer/Emmetsburg
(712) 363-2691
Listed By:
Kari Stave · License #7648
Source:
Integrityiowa
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 30 at 1:37PM
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 EXIT Realty Midwest- Spencer/Emmetsburg
Investment Insights
Based on property information with market context.
This 2,716-square-foot multifamily property, built in 1956, contains four separate residential units under one roof. Each unit is configured with one bedroom and one bathroom, creating a consistent four-unit layout for rental operations. The building has new windows and is fully occupied.
Located at 206 W 3rd Street in Spencer, Iowa, the property offers an established rental setup within a single building. Its unit count, uniform floor plans, and existing occupancy provide a straightforward multifamily configuration for continued operation.
Located at 206 W 3rd Street in Spencer, Iowa, the property offers an established rental setup within a single building. Its unit count, uniform floor plans, and existing occupancy provide a straightforward multifamily configuration for continued operation.
Key Highlights
- Four separate residential units under one roof
- Each unit includes 1 bedroom and 1 bathroom
- 2,716 square feet of building area
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied property with four one-bedroom, one-bathroom units and recently installed windows.
Where is this quadplex located?
The property is located at 206 W 3rd Street Spencer, IA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Four separate residential units under one roof; Each unit includes 1 bedroom and 1 bathroom; 2,716 square feet of building area
