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1518 4th Avenue, Spencer, IA 51301

Spencer, IA Homes for Sale in 51301 and Real Estate MLS # 240960

$550,000

  • 12
  • 8
  • 4704
  • Active
Price Decreased

General Description

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 (712.332.8081) & Jensen Real Estate, Michael Jensen (712.332.8081)

PROPERTY LOCATION

MORTGAGE CALCULATOR

Tracy Evans - Residential Expert

Tracy Evans

Residential Expert

Ask About this Property #240960

MARKET WATCH

Open House(13)
New Construction(64)
New Listing(29)
Price Adjustment(5)
Price Decreased(116)

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COMMUNITY

The Ritz
The Ritz in Arnolds Park

I grew up watching Cheers, if you want that same vibe at the lake, hit The Ritz just south of the bridge. Let alone, Taylor and her staff are the salt of the earth kind of people, the food is amazing! You can tell that a lot of thought has gone into the presentation and you can taste the love in the recipes. Did I mention, they know how to mix a good cocktail as well…..Okoboji style for those who know what I mean! Cold beers, huge glasses of wine, fun kids desserts and the famous Ritz fish bowl. You gotta try it!

Real Estate and MLS Homes For Sale in Arnolds Park
About Arnolds Park

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Arnolds Park Amusement Park in Arnolds Park

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Tracy Evans - Residential Expert


RE/MAX Lakes Realty
 272 Hwy 71 N
 Arnolds Park, IA 51331

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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 Tracy Evans 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, Tracy Evans. Our real estate team will be happy to help you with your real estate home search in and around Spencer, IA.

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Information is deemed to be reliable, but is not guaranteed. © 2025 MLS and FBS. Prepared by Iowa Great Lakes Board of REALTORS on Thursday, April 24, 2025 03:40 AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Copyright 2025 Iowa Great Lakes Board of Realtors. Based on information from Iowa Great Lakes Board of Realtors. 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.
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