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19 E 2nd Street Spencer, IA $ 125,000
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$ 125,000 Get more info
19 E 2nd Street
$ 125,000
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19 E 2nd Street

Spencer, IA, 51301
$ 125,000
Bedrooms4 Baths2.0 Sq 2,050

Monthly Estimate*

$ 780

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19 E 2nd Street, Spencer, IA 51301 - Image 10
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19 E 2nd Street, Spencer, IA 51301 - Image 13
19 E 2nd Street, Spencer, IA 51301 - Image 14

Multi-Family Home for sale in Spencer, IA

for $125,000 with 4 bedrooms and 2 full baths. This 2,050 square foot home was built in 1920 on a lot size of 0.19.

Investor Opportunity – Tucked into the heart of Spencer, this 1½-story frame bungalow has been a quiet constant—providing a comfortable place to call home for long-term tenants and reliable income. With two separate living units, each space offers simple, practical living with everything tenants need and nothing overcomplicated. Located near downtown, this property provides a strong occupancy history and consistent cash flow—perfect for investors seeking a stable, income-producing opportunity. This one deserves a closer look.

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Multi-Family Active

Price

$ 125,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,352

Style

Duplex

Lot Size

0.19

Year Built

1920

Town/City

Spencer

County/Region

Clay

MLS | Web ID

251337
Features
Interior
Interior Features Main Floor Bedrooms
Furnished Y/N No
Fireplace 0
Total Baths 2
Basement Features Unfinished
Basement Material Concrete Block
Basement Style Full
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General
Sewer Public Sewer
Heating Boiler
Roof Asphalt
Flood Zone No
School District Spencer
Number of Units 2
Class MULTIFAMILY
Assessments No
Levels Two
Type Duplex
Yearly Taxes 1352
Tax Year 2024
Fuel Natural Gas
Status Active
Subdivision IA
Sale/Rent For Sale
Status Detail 0
Lot Sqft 8052
Construction Materials Block Wood Siding
Primary City Spencer
Year Built 1920
Directions From Grand Ave in Spencer head East on East 2nd St. short distance on right hand side.
City Spencer
Total Sq Ft 2050
DOM 58
Secondary City Clay County
Postal Code 51301
Potential Short Sale No
Public Remarks Investor Opportunity – Tucked into the heart of Spencer this 1½-story frame bungalow has been a quiet constant—providing a comfortable place to call home for long-term tenants and reliable incom
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Exterior
Exterior Features Driveway-Concrete Driveway-Gravel Driveway-Shared
Waterfront 0
Garage Type Detached
Lot Size Source Assessor
Water Source Public/City
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* Excluded Features
List By
Kelly Bierl

Listing Agent

Hometown Realty

Broker

(712) 260-5711

Phone

kelly@byhometown.com

Email

Affordability Calculator

$893
Per Month
87%
13%
0%
Monthly Principal & Interest
$780
Monthly Property Taxes
$113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1883250 Elementary School
1883270 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/10/2025$125,000 Listed Price

Map

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19 E 2nd Street, Spencer, IA, 51301 is a Multi-Family Home for sale at $125,000 with 2,050 sqft and a lot size of 0.19. 19 E 2nd Street has 4 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 51301 which is in Spencer, IA

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