21 W 1ST ST Spencer, IA 51301
- Added:
- Feb 24, 2026
- Days on Market:
- 64
- Last Refresh:
- Apr 29 at 7:06 am
Property Features for 21 W 1ST ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Exterior features
- Fixer Upper
- Standard status
- Active
- APN
- 19041-963618134010
- Size
- 4,308 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3989
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1949
- Architectural style
- Other
Listing agent Nic Madsen (712) 540-6562
Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, IA (712) 226-8000
Listing date Feb 24, 2026
MLS# 831915
Listing URL
Copyright © 2026 Northwest Iowa Regional 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.
Overview
Spencer, Iowa Value-Add Multi-Unit
Located in Spencer, Iowa, this multi-unit property presents a value-add opportunity. The property contains six units and has a total size of 4308 square feet on a 0.12-acre lot. The property has been partially remodeled, with two of the six units currently rented, providing immediate income. The remaining four units offer the ability to renovate, lease up, and significantly improve overall returns. With improvements already underway, much of the heavy lifting has been started, allowing the next owner to step in and finish the project. The property is conveniently located near downtown Spencer amenities. The zoning is residential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Clay
- State
- Iowa
- Longitude
- -95.145627
- Latitude
- 43.138821
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit property with renovation upside near downtown Spencer amenities.
Where is this apartment building located?
The property is located at 21 W 1ST ST Spencer, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Value‑add 6‑plex opportunity with strong upside potential.; Immediate income from 2 currently rented units.; Opportunity to renovate 4 units and significantly increase returns.
