Residential Income

Spencer, IN Residential Income Properties for Sale

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Gosport, IN Freedom, IN Ellettsville, IN Solsberry, IN Bloomington, IN Bloomfield, IN Patricksburg, IN Paragon, IN
Duplex Property
Updated: Oct 22
Duplex Property

257-259 S Montgomery Street, Spencer, IN 47460

$179,900
2,100 sqft 0.21 AC lot
2,100 square feet of building area
0.21‑acre lot
Five bedrooms and two bathrooms
Built in 1900
Vinyl and carpet flooring
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Updated Duplex
Updated: Sep 12
Updated Duplex

1451 Red Cedar Lane, Spencer, IN 47460

Contact for pricing
1,755 sqft 0.45 AC lot
Two units, each with 2 bedrooms and 1 bathroom
1,755 square feet on a 0.45‑acre lot
Interior updates include flooring, fixtures, and cosmetic improvements
Built in 1990 with vinyl siding and an asphalt roof
Well water and septic system
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Updated Duplex
Updated Duplex

1451 Red Cedar Lane, Spencer, IN 47460

Contact for pricing
1,755 sqft

Each residence offers two bedrooms and one bathroom, with refreshed interiors and long-term occupants.

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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 3 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.

Multifamily Property with Outbuildings
Multifamily Property with Outbuildings

State Hwy 246, Patricksburg, IN 47455

$105,000
4,174 sqft 1.30 AC lot

Four separate one-story duplex buildings are accompanied by a barn and two additional buildings.

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Updated-Kitchen Duplex
Updated-Kitchen Duplex

4251 N Melvin Lane, Bloomington, IN 47404

$325,000
2,352 sqft 0.33 AC lot

Two residences offer garage parking, central air, and outdoor space in Bloomington.

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Side-by-Side Duplex with Garages
Side-by-Side Duplex with Garages

4251 N Melvin Ln, Bloomington, IN 47404

$325,000
2,352 sqft 0.33 AC lot

Two tenant-occupied residences offer updated kitchens, open living areas, private decks, and attached garages.

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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.

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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.

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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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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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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Multi-Family Development Land
Multi-Family Development Land

1301 W Tapp Road, Bloomington, IN 47403

$264,000
0.76 AC lot

Multi-family zoned parcel with quick I-69 access and potential townhouse or other mixed-use residential concepts.

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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

4557 Barbary Ln, Spencer, IN 47460-5815

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

707 Mdw Dr, Spencer, IN 47460-1071

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

602 Indiana Ave, Spencer, IN 47460-1122

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

202 Mallorie Dr, Spencer, IN 47460-5515

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

310 Franklin St, Spencer, IN 47460-1822

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

534 Dixie Hl Rd, Spencer, IN 47460-5698

Estimated value:
$245,000
4.40 AC lot
View details

Spencer, IN Residential Income Properties Market Trends and Statistics

Explore 9 residential income properties for sale in Spencer, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,610 square feet of properties for sale, with an estimated market value of $179,900.

Sale prices for residential investment properties in Spencer, IN average $179,900 — 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

Duplexes 3
Multifamily properties 3

Demographics Overview

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

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%

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