21 W 1ST ST, Spencer, IA 51301
MULTI_FAMILY - Spencer, IA
- Added:
- Feb 24, 2026
- Days on Market:
- 109
- Last Refresh:
- Jun 13 at 9:06 am
Property Features for 21 W 1ST ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
- Standard status
- Active
- APN
- 19041-963618134010
- Size
- 4,308 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 12 G O.P.
- Tax Annual Amount
- 3989
Utilities
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1949
- Number of units
- 6
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
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.
HighLights
- 6‑plex at 21 W 1st Street in Spencer, IA
- Partially remodeled with 2 of 6 units currently rented for immediate income
- Four additional units available to renovate and lease up
- Heating: baseboard
- Cooling: window unit(s)
- Built in 1949
Overview
The property is located near downtown Spencer amenities, offering convenient access to local services and retail within the city.
For investors or operators seeking a renovation-focused multifamily acquisition, this asset provides a workable starting point with work already begun and only part of the unit mix currently producing rent. The combination of in-progress improvements and available units for completion can support a structured path to stabilizing occupancy once renovations are finished and leases are in place, consistent with the property’s stated current condition.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Clay
- State
- Iowa
- Longitude
- -95.145625
- Latitude
- 43.138822
