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    Iowa Realty logo

    Iowa Realty

    21 W 1st St, Spencer, IA 51301

    $175,000

    Active

    40 days ago

    5 beds
    3 baths
    4,308 sq ft
    Built in 1949

    Purchase price

    Down payment

    Estimated rent

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    Listed By: Nic Madsen, Gateway Real Estate Advisors

    Source: Northwest Iowa Regional Board of REALTORS, #831915, last updated on 2/24/2026

    About this property

    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...

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    Neighborhood

    5 / 10

    Lincoln Elementary School

    9 / 10

    Spencer Middle School

    7 / 10

    Spencer High School

    Provided by

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    Property details
    Interior

    Bedrooms & Bathrooms

    • Bedrooms: 5
    • Full bathrooms: 3

    Heating

    • Baseboard

    Cooling

    • Window Unit(s)

    Interior area

    • Total structure area: 4,308
    • Total interior liveable area: 4,308
    Property

    Parking

    • Has Garage: Yes
    • Garage spaces: 1

    Lot

    • Size: 0.12 Acres

    Details

    • Parcel number: 19041-963618134010
    • Zoning Description: res
    Construction

    Type & style

    • Home type: Residential Income
    • Property subtype: Multi Family

    Condition

    • Year built: 1949
    Utilities & green energy
    • Sewer: Public Sewer
    • Water: Public

    Financial & listing details

    • Price per square foot: $41

    Neighborhood score

    4 / 5

    School score

    7 / 10

    Crime score

    1 / 10