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    Spencer, IA Multifamily Properties for Sale

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    Spencer Duplex: Investor Opportunity
    $115,000
    2,050 SF

    Spencer Duplex: Investor Opportunity

    19 E 2Nd St, Spencer, IA 51301

    Two-unit property in Spencer, Iowa, with strong occupancy history.

    • Income‑producing property with long‑term tenants and consistent cash flow.
    • Two separate living units offering simple, practical living.
    • Strong occupancy history.
    • Located near downtown Spencer.
    • Concrete and gravel shared driveway.
    Updated: Feb 18
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    Spencer Multifamily Renovation Opportunity
    $175,000
    4,308 SF

    Spencer Multifamily Renovation Opportunity

    21 W 1St St, Spencer, IA 51301

    Six-unit multifamily property in Spencer, Iowa with renovation upside.

    • Value‑add opportunity with strong upside potential.
    • Partially remodeled 6‑plex with 2 units currently rented, providing immediate income.
    • Opportunity to renovate 4 vacant units and significantly improve returns.
    • Much of the heavy lifting for renovations has already been started.
    • Conveniently located near downtown Spencer amenities.
    Updated: Feb 24
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    Spencer, Iowa Triplex Opportunity
    $68,000
    0.18 Acres

    Spencer, Iowa Triplex Opportunity

    Three-unit property in Spencer, Iowa, ideal for investment.

    807 4Th Ave W, Spencer, IA 51301
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Ida Grove Triplex For Sale
    $349,000
    1.06 Acres

    Ida Grove Triplex For Sale

    Fully occupied triplex with immediate income and private parking.

    800 Valley View Dr, Ida Grove, IA 51445
    View details
    Ida Grove Quadruplex Investment
    $425,000
    0.72 Acres

    Ida Grove Quadruplex Investment

    Four-unit complex with consistent occupancy and reliable rental history.

    802 Valley View Dr, Ida Grove, IA 51445
    View details
    Luverne, MN Luxury Apartment Complex
    $8,500,000
    54,000 SF

    Luverne, MN Luxury Apartment Complex

    Energy-Efficient Apartments, Prime Location

    120 Hatting St, Luverne, MN 56156
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    Updated Condo in 55+ Community
    Contact for pricing
    550 SF

    Updated Condo in 55+ Community

    Tastefully updated 1-bedroom condo in a welcoming 55+ community.

    200 S Freeman Ave, Luverne, MN 56156
    View details

    Explore Off-Market Properties in Spencer, IA

    Consider similar Off-Market properties in Spencer, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    317 11th SE St

    317 11th SE St

    MOBILE HOME PARK, TRAILER PARK • 8,738 SF
    Value Estimation by Request
    317 11th SE St, Spencer, IA 51301-6045
    View details
    317 18th St

    317 18th St

    MOBILE HOME PARK, TRAILER PARK • 3.75 Acres
    Value Estimation by Request
    317 18th St, Spencer, IA 51301-3400
    View details

    Spencer, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 5 multifamily properties for sale in Spencer, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 184,694 square feet of properties for sale, with an estimated market value of $558,000.

    Sale prices for multifamily properties in Spencer, IA start at $68,000, averaging $139,500, and reaching up to $200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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