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Listed price in listed location currency (USD).
$485,000

1280

MLS® 251166

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 2592 sqft
Garage Yes
Taxes $5,220
Days Active 167
Lot Size 0.3 acres
Approx. Age 1977
Avg. Price Per Sqft $187
MLS® Number 251166

Property Address: 1518 4th Ave Sw, Spencer, IA, 51301-5852

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity on the Golf Course! Rare opportunity to own a well-maintained 4-unit multifamily complex located directly on the Spencer Municipal Golf Course. Each spacious unit features 3 bedrooms and 1.5 bathrooms, offering strong rental appeal in a beautiful and convenient location. One unit has been completely remodeled with modern finishes, while the remaining three units have received notable upgrades, including fresh paint and minor repairs—ensuring solid condition across the entire property. This income-producing property sits in a scenic setting, providing tenants with golf course views and easy access to local amenities. Whether you're expanding your portfolio or looking for a live-in investment, this is a turnkey opportunity with long-term potential. Don’t miss your chance to own a golf course-front multifamily with proven rental upside.
MLS® Number251166
Laundry Level
Central VacNo
FireplaceNo
Acreage0.3
Exterior
GarageYes
Approx. Age1977
BasementFinished-Partial, Partial
DrivewayAttached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 8, 2025List Date
$485,000List Price

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