Price Decreased

1518 4th Avenue

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)

Status: Active

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)

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MLS #240960
MLS #240960
MLS #240960
2023alex Parker -

2023alex Parker

2017 Leadcity - Broker/Owner

2017 Leadcity

Broker/Owner

Ask About this Property #240960

MARKET WATCH

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

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2017 Leadcity

Broker/Owner

Lakes Sold

srt
Ackworth, IA 50001
Licensed in Iowa. Each Office Independently Owned and Operated.

123.456.7890

123.456.7890

2017leadcity@gmail.com

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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.