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    Spencer, IN Multifamily Properties for Sale

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    Gosport, IN Freedom, IN Ellettsville, IN
    Downtown Spencer Commercial Property
    $339,900
    3,024 SF
    Downtown Spencer Commercial Property

    69 S Main Street, Spencer, IN 47460

    Commercial property with retail space and apartments in downtown Spencer.
    • Prime location on the west side of the Square in downtown Spencer.
    • 3024 sq ft of currently rented commercial space on the main level.
    • Two additional stories with currently rented apartments.
    • Separate entrance for apartments, distinct from the commercial space.
    • Building constructed with brick.
    Updated: Mar 24
    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Historic Mixed-Use Bank Building
    $225,000
    0.04 Acres
    Historic Mixed-Use Bank Building

    Landmark building with rooftop patio and street-access basement studio, currently operating as a two-unit apartment.

    31 E Main Street, Gosport, IN 47433

    View details
    Bloomington Residential Land Development Opportunity
    $1,600,000
    30.23 Acres
    Bloomington Residential Land Development Opportunity

    30.23 acre residential land suitable for multi-family development.

    825 S Kirby Road, Bloomington, IN 47403

    View details
    Duplex on Expansive Acreage
    $285,000
    4.62 Acres
    Duplex on Expansive Acreage

    Duplex for sale on nearly five acres, offered for immediate possession and ready for an owner’s vision.

    8121 N Fox Hollow Road, Bloomington, IN 47408

    View details
    Bloomington Duplex on 5 Acres
    $375,000
    2,310 SF
    Bloomington Duplex on 5 Acres

    Duplex in Bloomington, Indiana, featuring 2310 square feet on 5 acres.

    3022 N Smith Pike Street, Bloomington, IN 47404

    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.

    Prime Land Off US HWY
    $345,500
    2.27 Acres
    Prime Land Off US HWY

    2.27 acres with excellent visibility and easy access.

    Briar Creek lot: #1, Lawrenceburg, KY 40342

    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

    View details
    Wooded Residential Lots in Driftwood Estates
    $40,000
    2.00 Acres
    Wooded Residential Lots in Driftwood Estates

    Four wooded half-acre lots in Driftwood Estates, offering a flexible setting for camper, mobile home, or home construction.

    Driftwood Estates Lot 99, 101, 102, 139, Eddyville, KY 42038

    View details
    Build-Ready Double Lot Pair
    Contact for pricing
    0.41 Acres
    Build-Ready Double Lot Pair

    Two adjoining, level lots with utilities available at the road in a lake-area subdivision.

    461 & 462 Leisure Lane, Scottsville, KY 42164

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    Off-Market Properties in Spencer, IN

    Consider similar Off-Market properties in Spencer, IN. 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.

    4557 Barbary Ln
    MOBILE HOME PARK, TRAILER PARK
    938 SF Lot: 3.96 Acres
    Value Estimation by Request

    4557 Barbary Ln, Spencer, IN 47460-5815

    View details
    707 Mdw Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 7.06 Acres
    Estimated value
    $505,000

    707 Mdw Dr, Spencer, IN 47460-1071

    View details
    602 Indiana Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.45 Acres
    Value Estimation by Request

    602 Indiana Ave, Spencer, IN 47460-1122

    View details
    202 Mallorie Dr
    MOBILE HOME PARK, TRAILER PARK
    1,104 SF Lot: 3.37 Acres
    Value Estimation by Request

    202 Mallorie Dr, Spencer, IN 47460-5515

    View details
    310 Franklin St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.91 Acres
    Value Estimation by Request

    310 Franklin St, Spencer, IN 47460-1822

    View details
    534 Dixie Hl Rd
    CAMPGROUND, RV PARK
    Lot: 4.40 Acres
    Value Estimation by Request

    534 Dixie Hl Rd, Spencer, IN 47460-5698

    View details

    Spencer, IN Multifamily Properties Investment Opportunities Market Analysis

    Explore 7 multifamily properties for sale in Spencer, IN on our real estate platform. These investment opportunities span a total of 3,024 square feet of properties for sale, with an estimated market value of $339,900.

    Sale prices for multifamily properties in Spencer, IN start at $339,900, averaging $339,900, and reaching up to $339,900 — 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

    Apartment buildings 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) +4.4%
    Median Household Income $67,688
    College Educated 29.5%

    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
    47460 $339.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $34.39 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Owen County

    New Delisted

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