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New
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$175,000

For Sale

3 days ago

MLS® 831915

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $3,989
Days Active 2
Lot Size 0.12 acres
Approx. Age 1949
MLS® Number 831915

Property Address: 21 W 1st St, Spencer, IA, 51301

Average square foot calculated using Size range provided by listing agent.

Description

21 W 1st Street | Spencer, IA Value-add opportunity in Spencer! This 6-plex offers strong upside for an investor ready to complete renovations and increase cash flow. The property has been partially remodeled, with 2 of the 6 units currently rented, providing immediate income. The remaining 4 units offer the ability to renovate, lease up, and significantly improve overall returns. With improvements already underway, much of the heavy lifting has been started, allowing the next owner to step in and finish the project. Conveniently located near downtown Spencer amenities, this is a prime opportunity for investors looking to build equity and increase long-term cash flow.
MLS® Number831915
Laundry Level
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageNo
Approx. Age1949
Basement
Driveway
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$175,000List Price
  • Commute

Commute

Starting Address
Destination Address
21 W 1 St St, Spencer, IA

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