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Spencer, IN

Residential Income

Spencer, IN Residential Income Properties for Sale

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Freedom, IN Gosport, IN Ellettsville, IN Solsberry, IN Bloomington, IN Bloomfield, IN Patricksburg, IN Quincy, IN

Church and Residential Portfolio

Updated: Jan 23

Church and Residential Portfolio

168 N Harrison Street, Spencer, IN 47460

$649,900

0.40 AC lot

Unique three‑property portfolio offered at a single list price: church facility, residential triplex, and single‑family home
Church building features a sanctuary with seating for approximately 100 people, plus an attached fellowship hall and basement with multiple rooms
Church includes an entryway and two restrooms; basement rooms are suitable for classrooms, offices, or storage
Single‑family home: 4 bedrooms and 2 bathrooms; new flooring on main level and remodeled main‑level bathroom
Single‑family home updates include recent kitchen updates; upstairs bathroom is ready for completion; unfinished basement

Mixed-Use Retail and Apartment Building

Updated: Mar 24

Mixed-Use Retail and Apartment Building

69 S Main Street, Spencer, IN 47460

$339,900

0.07 AC lot

Downtown Spencer commercial building on the west side of the Square
Main level offers 3,024 SF of commercial space currently rented
Second and third stories include apartments currently rented
Main‑level front has a picture window and glass door; rear has double doors for easy deliveries
Separate entrance on the south side for the two apartments, with wide stairwell access

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

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.

Multi-Revenue Entertainment Venue

Multi-Revenue Entertainment Venue

4747 W State Road 46, Bloomington, IN 47404

$1,500,000

2.81 AC lot

Fully renovated entertainment property with mini golf, restaurant/bar operations, live entertainment space, and short-term rental income potential.

Redevelopment Land with State Road Frontage

Redevelopment Land with State Road Frontage

5665 W State Road 46, Ellettsville, IN 47404

$1,495,000

5.61 AC lot

Approx. 5.6-acre site with strong State Road visibility, currently operating as a mobile home park.

Historic Bank Building with Rooftop Patio

Historic Bank Building with Rooftop Patio

31 E Main Street, Gosport, IN 47433

$225,000

0.04 AC lot

Historic 1867 building operating as a two-unit apartment with a rooftop patio and a basement studio with street entrance.

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.

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.

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.

Commercial Land with State Road Frontage

Commercial Land with State Road Frontage

4295 W State Road 46, Bloomington, IN 47404

$799,900

4.29 AC lot

Zoned Commercial C-2 and offers substantial State Road 46 frontage for retail, restaurant, or multifamily development.

Multi-Zoned Development Land

Multi-Zoned Development Land

N State Road 37, Bloomington, IN 47404

$800,000

40.41 AC lot

Over 40 acres with multiple zoning classifications, including Residential, Agricultural Residential, and General Business.

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

Value Estimation by Request

938 sqft 3.96 AC lot

MOBILE HOME PARK, TRAILER PARK

707 Mdw Dr, Spencer, IN 47460-1071

$505,000

Estimated value

7.06 AC lot

602 Indiana Ave

MOBILE HOME PARK, TRAILER PARK

602 Indiana Ave, Spencer, IN 47460-1122

Value Estimation by Request

0.45 AC lot

202 Mallorie Dr

MOBILE HOME PARK, TRAILER PARK

202 Mallorie Dr, Spencer, IN 47460-5515

Value Estimation by Request

1,104 sqft 3.37 AC lot

310 Franklin St

MOBILE HOME PARK, TRAILER PARK

310 Franklin St, Spencer, IN 47460-1822

Value Estimation by Request

0.91 AC lot

534 Dixie Hl Rd

CAMPGROUND, RV PARK

534 Dixie Hl Rd, Spencer, IN 47460-5698

Value Estimation by Request

4.40 AC lot

Spencer, IN Residential Income Properties Market Trends and Statistics

Explore 8 residential income properties for sale in Spencer, IN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $989,800.

Sale prices for residential income properties in Spencer, IN start at $339,900, averaging $494,900, and reaching up to $649,900 — 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

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	$494.9K

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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