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    Spencer, IN
    Residential Income

    Spencer, IN Residential Income Properties for Sale

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    Mixed-Use Building with Apartments
    Updated: Mar 24
    Mixed-Use Building with Apartments

    69 S Main Street, Spencer, IN 47460

    $339,900
    0.07 AC lot
    3,024 SF commercial main level is currently rented
    Two rented apartments occupy the second and third stories
    Separate residential entry with a wide stairwell
    Front picture window and glass door serve the commercial space
    Rear double doors support delivery of materials or equipment
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Commercial Property with Pole Building
    Commercial Property with Pole Building

    4890 W State Road 46, Bloomington, IN 47404

    $449,999
    1.27 AC lot

    Commercial-zoned property on State Road 46 with a renovated limestone ranch and substantial pole building for storage or workspace.

    View details
    Seasonal RV Site with Resort Amenities
    Seasonal RV Site with Resort Amenities

    9507 US 231 Site 118, Quincy, IN 47456

    Contact for pricing
    0.08 AC lot

    Wooded setting with pools, clubhouse, sports courts, trails, and organized seasonal activities.

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    Seasonal RV Site With Resort Amenities
    Seasonal RV Site With Resort Amenities

    9507 US 231 Site 131, Quincy, IN 47456

    Contact for pricing
    0.10 AC lot

    Wooded recreational setting includes pools, clubhouse, courts, and trails.

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    17-Unit Multifamily Property
    17-Unit Multifamily Property

    4179 N Thomas Rd, Bloomington, IN 47404

    Contact for pricing

    Multifamily asset combining duplex and single-family housing with rural surroundings near schools and local services.

    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.

    Build-Ready Home Lots
    Build-Ready Home Lots

    N Bowman Road, Gosport, IN 47433

    $675,000
    15.36 AC lot

    Build-ready country lots with city water, on-site electrical, and passed septic testing, designed for home construction.

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    Residential Land Near Bloomington, IN
    Residential Land Near Bloomington, IN

    3530 W Maple Grove Road, Bloomington, IN 47404

    $220,000
    5.06 AC lot

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

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    Land with Multiple Zoning Designations
    Land with Multiple Zoning Designations

    N State Road 37, Bloomington, IN 47404

    $500,000
    40.41 AC lot

    A large tract with Residential 1, Agricultural Residential 2.5, and General Business zoning across different portions.

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    Commercial Land with Dual Avenue Frontage
    Commercial Land with Dual Avenue Frontage

    542 S Walnut Street, Bloomington, IN 47401

    $1,200,000
    0.66 AC lot

    0.66-acre downtown parcel zoned Mixed Use Downtown with 100 feet on Walnut and 100 feet on College Avenue.

    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

    4557 Barbary Ln, Spencer, IN 47460-5815

    $280,000
    Estimated value
    938 sqft 3.96 AC lot
    View details
    707 Mdw Dr
    MOBILE HOME PARK, TRAILER PARK

    707 Mdw Dr, Spencer, IN 47460-1071

    $550,000
    Estimated value
    7.06 AC lot
    View details
    602 Indiana Ave
    MOBILE HOME PARK, TRAILER PARK

    602 Indiana Ave, Spencer, IN 47460-1122

    $260,000
    Estimated value
    0.45 AC lot
    View details
    202 Mallorie Dr
    MOBILE HOME PARK, TRAILER PARK

    202 Mallorie Dr, Spencer, IN 47460-5515

    $280,000
    Estimated value
    1,104 sqft 3.37 AC lot
    View details
    310 Franklin St
    MOBILE HOME PARK, TRAILER PARK

    310 Franklin St, Spencer, IN 47460-1822

    $255,000
    Estimated value
    0.91 AC lot
    View details
    534 Dixie Hl Rd
    CAMPGROUND, RV PARK

    534 Dixie Hl Rd, Spencer, IN 47460-5698

    $245,000
    Estimated value
    4.40 AC lot
    View details

    Spencer, IN Residential Income Properties Market Trends and Statistics

    Explore 7 residential income properties for sale in Spencer, IN on our real estate platform.

    Sale prices for residential income properties in Spencer, IN average $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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    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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