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    Spencer, IA
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    Spencer, IA Triplexes for Sale

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    Fostoria, IA Everly, IA Milford, IA West Okoboji, IA Spirit Lake, IA Arnolds Park, IA Ruthven, IA Peterson, IA
    Three-Unit Residential Income Property
    Updated: Dec 8, 2025
    Three-Unit Residential Income Property

    807 4th Avenue, Spencer, IA 51301

    $63,000
    0.18 AC lot
    3‑unit investment property in Spencer with public water and public sewer
    Year built 1900 with vinyl siding and an asphalt shingle roof
    Forced‑air heating system
    Interior includes 6 bedrooms and 3 bathrooms across the units
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    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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Triplex Income Property with Garage
    Triplex Income Property with Garage

    403 S 4Th Avenue E, Lake Mills, IA 50450

    $109,900
    1,811 sqft 0.48 AC lot

    Three-unit triplex with two main-level apartments and a two-bedroom upper unit, plus a detached double garage.

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    Triplex Property with Renovated Unit
    Triplex Property with Renovated Unit

    1901 S NICOLLET ST, Sioux City, IA 51106

    $275,000
    2,126 sqft 0.09 AC lot

    Fully occupied triplex offering two main-floor 1-bedroom units and a renovated upper 2-bedroom unit, plus a detached outbuilding.

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    Updated Triplex Residential Income
    Updated Triplex Residential Income

    518 S Helen St., Sioux City, IA 51106

    $207,000
    1,584 sqft 0.20 AC lot

    Well-maintained triplex with updated flooring across three units, with owner-paid water, sewer, and trash.

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    Income-Producing Triplex Property
    Income-Producing Triplex Property

    403 S 4Th Avenue E, Lake Mills, IA 50450

    Contact for pricing
    0.48 AC lot

    Triplex with three tenant-occupied units and a 2025 boiler, plus outdoor space and a detached double garage.

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    Spencer, IA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Spencer, IA on our real estate platform.

    Sale prices for three-family homes in Spencer, IA average $63,000 — 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 2
    Triplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.0%
    Median Household Income $61,175
    College Educated 35.9%

    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
    51301 $63K

    Taxes & Financing

    Tax Rate (average for all types) 2.27%
    Property Tax per SF $32.12 per SF
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clay County

    New Delisted

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