80 W Jefferson Street Active Save Request In-Person Tour Request Virtual Tour
Spencer,IN 47460
Key Details
Property Type Multi-Family
Sub Type Fiveplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,996 sqft
Price per Sqft $97
MLS Listing ID 202508727
Style One Story
Bedrooms 10
Full Baths 10
Year Built 1977
Tax Year 2024
Lot Size 0.394 Acres
Property Sub-Type Fiveplex
Property Description
This offering includes two identical multifamily buildings, each featuring five 1-bedroom, 1-bathroom ground-floor apartments, ideally located within walking distance of the Spencer downtown square. Positioned on Jefferson and Wayne Streets, these properties offer immediate access to local shops, restaurants, and community amenities, making them highly desirable for tenants seeking small-town charm with convenience. Each unit rents for $600 per month with no security deposit, creating low barriers to occupancy and strong tenant demand. Tenants pay electric, while the landlord covers septic, water, and trash, simplifying utilities management and stabilizing operational costs. With ten total units across both buildings, this package provides reliable rental income and is well-suited for investors seeking a stable, cash-flowing asset in a growing southern Indiana community.
Location
State IN
County Owen County
Area Owen County
Rooms
Dining Room 0
Interior
Flooring Mixed
Laundry , 0
Exterior
Amenities Available ADA Features,Other-See Remarks
Building
Lot Description Corner
Story 1
Structure Type Stone
New Construction No
Schools
Elementary Schools Spencer
Middle Schools Owen Valley
High Schools Owen Valley
School District Spencer-Owen Community Schools
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202508727