Listing Agency: Hinn Real Estate b***@gmail.com Show Phone

Listed By: Bryan Sebastian · License #S65753 Show Phone

Source: Exprealty

Added: Mar 17 Changed: Aug 30 Last Checked: Aug 30 at 11:48AM

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Investment Insights

Based on property information with market context.

This duplex contains two residential units within a 1,632-square-foot property. One side has fresh paint, while both units feature newer mechanical systems. A full basement provides additional space that could be finished for expanded living area.

The property is located at 429 & 431 4th Avenue in Spencer, near Lincoln school, restaurants, and the mall. Its two-unit configuration and existing improvements support continued residential income use.

Key Highlights

• Two‑unit duplex at 429 & 431 4th Avenue
• 1,632‑square‑foot property
• Newer mechanicals serving both units

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

741

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with updated mechanical systems and refreshed paint in one residence.

Where is this duplex located?

The property is located at 429 & 431 4th Avenue 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: Two‑unit duplex at 429 & 431 4th Avenue; 1,632‑square‑foot property; Newer mechanicals serving both units