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    Spencer, IA
    Multifamily

    Spencer, IA Multifamily Properties for Sale

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    Dickens, IA Ruthven, IA Milford, IA West Okoboji, IA Spirit Lake, IA Arnolds Park, IA Wahpeton, IA Graettinger, IA
    Triplex with Basement
    Updated: Dec 8, 2025
    Triplex with Basement

    807 4th Avenue, Spencer, IA 51301

    $63,000
    0.18 AC lot
    Three‑unit multifamily property with 6 bedrooms and 3 bathrooms
    0.1818‑acre parcel in Spencer, Iowa
    Built in 1900; repairs and updates are needed
    Basement included
    Forced‑air heating, vinyl siding, and asphalt roof
    View details
    Duplex With Full Basement
    Updated: Mar 15
    Duplex With Full Basement

    429 & 431 4th Avenue, Spencer, IA 51301

    $175,000
    1,632 sqft
    Two‑unit duplex at 429 & 431 4th Avenue
    1,632‑square‑foot property
    Newer mechanicals serving both units
    Fresh paint completed on one side
    Full basement with potential for additional living area
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 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

    Opportunities in Nearby Cities

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

    17-Unit Apartment Building
    17-Unit Apartment Building

    2212 Okoboji Ave, Milford, IA 51351

    $950,000
    10,882 sqft 0.35 AC lot

    A mixed configuration pairs conventional apartments with furnished rooms suited to short-stay operations.

    View details
    Lake-View Triplex with Three Units
    Lake-View Triplex with Three Units

    41 Dewey St, Arnolds Park, IA 51331

    $699,000
    3,336 sqft

    Three distinct units support vacation stays and long-term occupancy, with a lawn designed for outdoor gatherings.

    View details
    Triplex with Lake Views
    Triplex with Lake Views

    41 Dewey Street, Arnolds Park, IA 51331

    $699,000
    0.32 AC lot

    Three distinct residences offer a mix of vacation-oriented and long-term rental use near downtown, entertainment, and public waterfront access.

    View details
    24-Unit Apartment Building
    24-Unit Apartment Building

    1209 6th Street, Milford, IA 51351

    $2,759,500

    The property combines varied apartment layouts with garages, storage units and on-site parking.

    View details

    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 18th St
    MOBILE HOME PARK, TRAILER PARK

    317 18th St, Spencer, IA 51301-3400

    Estimated value:
    $200,000
    3.75 AC lot
    View details
    317 11th SE St
    MOBILE HOME PARK, TRAILER PARK

    317 11th SE St, Spencer, IA 51301-6045

    Estimated value:
    $215,000
    8,738 sqft 1.65 AC lot
    View details

    Spencer, IA Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Spencer, IA on our real estate platform. These investment opportunities span a total of 1,632 square feet of properties for sale, with an estimated market value of $238,000.

    Sale prices for multifamily properties in Spencer, IA start at $63,000, averaging $119,000, and reaching up to $175,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Triplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.0%
    Median Household Income $61,175
    College Educated 35.9%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    51301 $166.6K

    Taxes & Financing

    Tax Rate (average for all types) 2.27%
    Property Tax per SF $32.12 per SF
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Popular Searches in Spencer, IA

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    Most Searched ZIP Codes in Spencer, IA

    • 51301

    Featured Spencer Real Estate Agencies

    Realmo connects you with licensed Spencer CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Northwest Iowa Realty
    200 Grand Ave Spencer, IA 51301
    Phone: (712) 580-4692
    www.nwiowarealty.com
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