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1518 4th Avenue, Spencer, IA 51301

$550,000

Price Decreased
  • MLS# 240960
  • Bedrooms 12
  • Bathrooms 8
  • Total Sq.ft 4,704
  • Property Type MultiFamily
  • Year Built 1977

Property Description

Presenting a fantastic property with four well-designed apartments, each featuring 3 bedrooms, 1.5 bathrooms, and an attached garage. Enjoy great views of the Spencer Municipal Golf Course and the benefit of large decks for added outdoor space. These apartments have a solid rental history, with all four currently under long-term leases, making this an attractive option for investors seeking reliable income. With each unit over 1,100 square foot, this property offers both value and potential.

Legal: 6 HARTS 2ND RES SUB (EXACT LEGAL PER ABSTRACT)
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Property Information

  • 240960
  • $550,000
  • Sale
  • Quadruplex
  • MULTIFAMILY
  • 1518 4th Avenue SW
  • Spencer
  • IA
  • 51301
  • 12
  • 8
  • 4704
  • 13000
  • Attached
  • 4
  • 4692
  • 2022
  • Spencer
  • 1977

Features

  • No

Utilities

  • No

LISTED BY

Jensen Real Estate, Matt Lippon (712.330.0604) & Jensen Real Estate, Michael Jensen (712.320.7245)

Property Location

Request Info For MLS #240960

Lakes Sold - Licensed In Iowa Each Office Independently Owned And Operated.

Lakes Sold

Licensed In Iowa Each Office Independently Owned And Operated.

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Market Watch

New Construction(46)
Price Adjustment(11)
Price Decreased(117)

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Contact Us

Lakes Sold
 srt
 Ackworth, IA 50001
Email: 2017leadcity@gmail.com Licensed in Iowa. Each Office Independently Owned and Operated.
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this property at 1518 4th Avenue (mls # 240960) is categorized as MultiFamily homes for Sale situated in Spencer, IA. this MultiFamily property is listed on sold lakes with a price of $550,000. this 12 bedroom property in Spencer at 1518 4th Avenue has 4704 sqft with 8 bathrooms and was built on 1977. whether you are searching for new listings in Spencer or just searching for 1518 4th Avenue specifically, you will find all of the market statistics and community information you need.

to learn about the difference between 1518 4th Avenue and other properties around , just call re/max lakes realty, home of the iowa great lakes premier website, sold lakes. our real estate team will be happy to help you with your real estate home search in and around Spencer, IA.
Information is deemed to be reliable, but is not guaranteed. © 2026 . The advertisers and publishers are not responsible or liable for misinformation, misprints, or other errors. All information provided is deemed reliable but is not guaranteed and should be independently verified. Prices subject to change without notice. Properties subject to prior sale or rental.
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