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    Spencer, IA Multifamily Properties for Sale

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    Des Moines, IA Dubuque, IA Ankeny, IA
    Spencer Iowa Golf Course Quadruplex
    $409,000
    0.33 Acres

    Spencer Iowa Golf Course Quadruplex

    1704 4th Avenue SW, Spencer, IA 51301

    Fully rented quadruplex near Spencer Municipal Golf Course.

    • Prime location on the Spencer Municipal Golf Course.
    • Fully rented 4‑plex, providing immediate income.
    • Each unit has 3 bedrooms, 1 bath, and a 1‑stall garage.
    • Units 1 & 2 have walk‑out patios; Units 3 & 4 have walk‑out decks.
    • Property received a fresh coat of paint last summer.
    Updated: Mar 16
    View details
    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 through renovations.
    • Partially remodeled with 2 of 6 units currently rented, providing immediate income.
    • Opportunity to renovate and lease 4 vacant units to significantly improve returns.
    • Much of the heavy lifting for renovations has already been started.
    • Convenient location near downtown Spencer amenities.
    Updated: Feb 24
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    Spencer, IA Duplex Investment
    $175,000
    0.47 Acres

    Spencer, IA Duplex Investment

    Duplex in Spencer, IA, close to schools and amenities.

    429 & 431 6th Avenue SW, Spencer, IA 51301
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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 Avenue W, Spencer, IA 51301
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    Spencer Duplex: Investor Opportunity
    $115,000
    2,050 SF

    Spencer Duplex: Investor Opportunity

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

    19 E 2nd Street, Spencer, IA 51301
    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 5 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, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Versatile Commercial Building in Ida Grove
    $349,000
    0.16 Acres

    Versatile Commercial Building in Ida Grove

    Impressive 14,000 sq ft commercial building with income potential.

    601 2nd St, Ida Grove, IA 51445
    View details
    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 Drive, Ida Grove, IA 51445
    View details
    Remodeled Office Building with Apartments
    $285,000
    7,300 SF

    Remodeled Office Building with Apartments

    Remodeled office building with apartments and parking in Luverne.

    212 Main St, Luverne, MN 56156
    View details
    New Multifamily Property with Amenities
    $7,000,000

    New Multifamily Property with Amenities

    Multifamily property built in 2023 with assumable HUD loan.

    120 W Hatting St, Luverne, MN 56156
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Minnesota Lakeshore Acreage with Development Potential
    $124,900
    9.30 Acres

    Minnesota Lakeshore Acreage with Development Potential

    9.3 acres with 244 feet of lakeshore near Worthington.

    Fulda, MN 56131
    View details
    Des Moines Development Land Available
    $1,013,600
    28.96 Acres

    Des Moines Development Land Available

    29 acres of development land near Fleur Dr and SW 9th.

    01 County Line Road, Des Moines, IA 50320
    View details
    Residential Land in Murray, NE
    $150,000
    2.29 Acres

    Residential Land in Murray, NE

    2.29 acres of highway access zoned for residential use.

    811 Main Street, Murray, NE 68409
    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing

    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065
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    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 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
    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

    Spencer, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 7 multifamily properties for sale in Spencer, IA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 219,542 square feet of properties for sale, with an estimated market value of $1,142,000.

    Sale prices for multifamily properties in Spencer, IA start at $68,000, averaging $190,333, and reaching up to $409,000 — 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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