Four-Unit Apartment
For Sale
$140,000
215 2nd Avenue W, Spencer, IA 51301
Four separate one-bedroom residences are contained within a single multifamily property in Spencer.
Property Size2,688 SF
Price / SF$52.08
Days on Market17
Property Features for 215 2nd Avenue W
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1954
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 31 at 1:13PM
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.
Built in 1954, this multifamily property contains four separate residential units within 2,688 square feet. Each unit is configured with one bedroom and one bathroom, providing a consistent four-unit layout under one roof.
The property is located at 215 2nd Avenue W in Spencer, Iowa. Its four-unit configuration offers a straightforward multifamily format for ownership and management, with all residences consolidated at one address.
The property is located at 215 2nd Avenue W in Spencer, Iowa. Its four-unit configuration offers a straightforward multifamily format for ownership and management, with all residences consolidated at one address.
Key Highlights
- Four separate rental units in one property
- Each unit includes 1 bedroom and 1 bathroom
- 2,688 square feet of property size
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate one-bedroom residences are contained within a single multifamily property in Spencer.
Where is this quadplex located?
The property is located at 215 2nd Avenue W Spencer, IA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Four separate rental units in one property; Each unit includes 1 bedroom and 1 bathroom; 2,688 square feet of property size
