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    Spencer, IN
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    Spencer, IN Residential Income Properties for Sale

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    Gosport, IN Ellettsville, IN Bloomington, 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
    Mixed-Use Portfolio with Church Facility
    $649,900
    0.40 Acres

    Mixed-Use Portfolio with Church Facility

    168 N Harrison Street, Spencer, IN 47460

    Three-property portfolio featuring a church, triplex, and single-family home.

    • Unique portfolio includes a church, triplex, and single‑family home, offering diverse income or usage options.
    • Church building available for separate purchase, ideal for owner‑users, nonprofits, or adaptive reuse.
    • Church features a sanctuary (seats 100), fellowship hall, and basement with rooms for classrooms/offices/storage.
    • Single‑family home includes four bedrooms, updated kitchen, remodeled bathroom, and new flooring on the main level.
    • Residential triplex provides three rental units (1BR, 2BR, 3BR) for immediate income potential.
    Updated: Jan 23
    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 2 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.

    Landmark Property with I-69 Visibility
    $799,000
    1,797 SF

    Landmark Property with I-69 Visibility

    Unique mixed-use property with retail, warehouse, and residential spaces.

    8300 N Wayport Road, Bloomington, IN 47408
    View details
    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
    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.

    Gosport Residential Lots For Sale
    $675,000
    15.36 Acres

    Gosport Residential Lots For Sale

    Residential lots near Bloomington, wineries, and Brown County State Park.

    0 N Bowman Road, Gosport, IN 47433
    View details
    Residential Land Near Bloomington, IN
    $220,000
    5.06 Acres

    Residential Land Near Bloomington, IN

    5-acre residential land parcel near Bloomington and Indiana University.

    3530 W Maple Grove Road, Bloomington, IN 47404
    View details
    Bloomington Commercial Land For Sale
    $799,900
    4.29 Acres

    Bloomington Commercial Land For Sale

    4.294 acres of commercial land in Bloomington, Indiana.

    4295 W State Road 46, Bloomington, IN 47404
    View details
    Bloomington Wooded Land For Sale
    $160,000
    5.00 Acres

    Bloomington Wooded Land For Sale

    5 acres of wooded land near city limits.

    TBD S Old State Road 37, Bloomington, IN 47401
    View details

    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 Residential Income Properties Investment Opportunities Market Analysis

    Explore 8 residential income 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 residential income 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

    Apartment buildings 1
    Multifamily properties 1
    Single family properties 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 median listing prices of real estate assets

    Neighborhood Average Price
    47460 $494.9K

    Taxes & Financing

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

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