Properties

80 W Jefferson Street, Spencer, Indiana 47460 MLS 202508727

0.39 acre - 80 W Jefferson Street, Spencer, Indiana 47460

QR Code
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.

Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : 202508727
Price : $680,000
Bedrooms : 10
Rooms : 0
Bathrooms : 10
Half Bathrooms : 0
Year Built : 1977
Lot Area (ACRES) : 0.39
Total Finished SqFt : 6,996
Address Map
Country : US
State : IN
City : Spencer
Area : Owen County
Subdivision : None
Zipcode : 47460
Street : Jefferson
Street Number : 80
Floor Number : 0
Longitude : W87° 14' 11.4''
Latitude : N39° 17' 2.6''
Additional Details
Property SubType : Fiveplex
List Agent : 9752
Listing Office 1 : 3072
Status : Active
Pool Y/N : No
Style : One story
School District : Spencer-owen community schools
Elementary : Spencer
Middle School : Owen valley
High School : Owen valley
Waterfront Y/N : No
New Construction : No
Lot Dimensions : 6996 SF
# of Fireplaces : 0
Main Level SqFt : 0
Approx. Lot Size SqFt : 17,163
Total Baths : 10
Annual Taxes : $0
Association Dues $ : $0
Other Fees $ : $0
REO Y/N : No
Basement Y/N : No
Age : 48

Listing provided courtesy of: FC Tucker/Bloomington REALTORS, Chris Cockerham.

Investment For Sale
  • Listing ID : 202508727
  • Bedrooms : 10
  • Bathrooms : 10
  • Lot Area (ACRES) : 0.39 acre
  • Visits : 0 in 89 days
$680,000
Agent info
Keith Realty & Auction Group
2411 River Road, Spencer, IN 47460
Contact Agent

Want to See the Property?