312 W 2nd Street Spencer, IA ^$ 82,000

312 W 2nd Street

^$ 82,000

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312 W 2nd Street

Spencer, IA, 51301

^$ 82,000

Bedrooms7 Baths6.0

Monthly Estimate*

^$ 505

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Multi-Family Home for sale in Spencer, IA

for $82,000 with 7 bedrooms and 6 full baths. This home was built in 1915 on a lot size of 0.31.

Opportunity is calling you! This 6 unit conversion property is waiting for a fresh start in life! Grab your gloves and your vision and return this 1915 build back into it's glory and create rental income for years to come. Located just blocks from downtown and the bike trails. This property features five 1 bedroom 1 bath units and a 2 bedroom 1 bath unit. Get your snow boots on and let's explore the possibilities this opportunity has to offer!

Multi-Family Active

Price

^$ 82,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,446

Style

Quadruplex

Lot Size

0.31

Year Built

1915

Town/City

Spencer

County/Region

Clay

MLS | Web ID

251533

Features

General

Sewer Public Sewer

Heating Forced Air

Roof Asphalt

Flood Zone No

School District Spencer

Number of Units 6

Class MULTIFAMILY

Assessments Unknown

Type Quadruplex

Yearly Taxes 1446

Tax Year 2025

Fuel Natural Gas

Status Active

Subdivision IA

Sale/Rent For Sale

Status Detail 0

Lot Sqft 13664

Construction Materials Vinyl Siding

Primary City Spencer

Year Built 1915

Directions GPS

City Spencer

DOM 48

Secondary City Clay County

Postal Code 51301

Potential Short Sale No

Public Remarks Opportunity is calling you! This 6 unit conversion property is waiting for a fresh start in life! Grab your gloves and your vision and return this 1915 build back into it's glory and create rental in

Exterior

Waterfront 0

Garage Type None

Lot Size Source Assessor

Water Source Public/City

Interior

Furnished Y/N No

Fireplace 1

Total Baths 6

Basement Style Full

* Excluded Features

List By

Bryan Sebastian

Listing Agent

Hinn Real Estate

Broker

(712) 240-6613

Phone

bsebastian.re@gmail.com

Affordability Calculator

$625

Per Month

Monthly Principal & Interest: $505
Monthly Property Taxes: $121
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Spencer, IA

Average List Price ^$190,000

Percent of Sale Price 132%

About Spencer, IA

11,142 Population

-1% Since 2002

^$46,679 Median Income

41.57 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1883250 Elementary School

1883270 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/10/2025	$82,000		Listed Price

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312 W 2nd Street, Spencer, IA, 51301 is a Multi-Family Home for sale at $82,000 with a lot size of 0.31. 312 W 2nd Street has 7 bedrooms, 6.0 baths, and was built in 1915. The property's zip code is 51301 which is in Spencer, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Great Lakes Board of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. Data is updated as of 1/27/2026.

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312 W 2nd Street

Multi-Family Home for sale in Spencer, IA

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