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Duplex Property
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For Sale
$179,900

257-259 S Montgomery Street, Spencer, IN 47460

INVESTMENT, One and Half Story, Spencer, IN

Property Size2,100 SF
Lot Size0.21 Acres
Price / SF$85.67
Days on Market3

Property Features for 257-259 S Montgomery Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2
Parking 4
Lot features Level
Elementary school Spencer
Middle school Owen Valley
High school Owen Valley
Elementary school district Spencer-Owen Community Schools
Middle school district Spencer-Owen Community Schools
High school district Spencer-Owen Community Schools
Directions take main street to Market turn wesst on Market to Montgomery turn right property will be on the right
Subdivision Owen County
Standard status Active
APN 60-10-20-400-400.720-028
Size 2,100 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2208
Tax Description Spencer lot 228
Tax Annual Amount 1365
Legal Description Spencer lot 228

Building Details

Year built 1900
Floors in Building 1
Number of units 2
Flooring type Vinyl, Carpet
Architectural style Other
Listing Agency: Area Realty Key Associates
Listed By: Bill Pursell
Added: Oct 22 Last Checked: Oct 24 at 6:06AM
MLS# 202643786

Copyright © 2026 Indiana Uplands Realtor® Association. 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 2,100-square-foot duplex was built in 1900 and sits on a 0.21-acre lot. Interior finishes include vinyl and carpet flooring. The room information identifies five bedrooms and two bathrooms, without specifying their distribution between the units.

Located at 257-259 S Montgomery Street in Spencer, Indiana, the property is in Owen County.

Key Highlights

  • 2,100 square feet of building area
  • 0.21‑acre lot
  • Five bedrooms and two bathrooms

Property Analytics

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Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The residence includes five bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 257-259 S Montgomery Street Spencer, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 2,100 square feet of building area; 0.21‑acre lot; Five bedrooms and two bathrooms
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