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1518 4Th Avenue SW

Spencer, IA 51301
  • $485,000
  • STATUS: Active
  • ON SITE: 176 Days
  • MLS #: 251166
UPDATED: 44 min ago
$485,000
  • 12
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,704
    SQFT
  • $103
    $/SQFT
Type:
Multi-Family
Built:
1977
County:
Area:

School Ratings & Info

School District:

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. Dont miss your chance to own a golf course-front multifamily with proven rental upside.

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Iowa Great Lakes Board of Realtors logo © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Integrity Real Estate. Data last updated: 2026-03-05T12:37:25.893.
www.integrityiowa.com/homes/167752815
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1518 4Th Avenue SW Spencer, IA 51301

  • Price: $485,000
  • Status: Active
  • On Site: 176 Days
  • Updated: 44 min ago
  • MLS #: 251166
12
Beds
0
Baths
0
½ Baths
0.3
Acres
4,704
SQFT
$103
$/SQFT
1977
Built
County:
Clay
Area:
Spencer
School District:
Spencer
Property 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. Dont miss your chance to own a golf course-front multifamily with proven rental upside.
Exterior Features

Construction Materials BrickVinyl Siding Exterior Features DeckDriveway-ConcreteDriveway-Gravel Roof Asphalt

Interior Features

Basement Features Finished-Partial Basement Style Partial Fireplace No Garage Type Attached Unit1 AC Central

Property Features

Approx Lot Dimensions 100*130 Flood Zone No Fuel Natural Gas Furnished No Heating Forced Air Lake Access No Legal 6 HARTS 2ND RES SUB Levels Multi/Split Listing Type Exclusive Right To Sell Lot Features On Golf Course Property Attached No Road Frontage Type City Street Sewer Public Sewer Tax Amount 5220 Tax Classification Non-Homestead Tax Year 2024 Tenant Pays Cable TVElectricityFuelWater/Sewer Terms CashConventional Type Quadruplex Water Source Public/City Waterfront No

Iowa Great Lakes Board of Realtors logo Listing provided by Shelly Lohman of EXIT Realty Midwest- Spencer/Emmetsburg: PRIM: 712-260-8665 .


Iowa Great Lakes Board of Realtors logo © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Integrity Real Estate. Data last updated: 2026-03-05T12:37:25.893.
 
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584 HWY 71 S, Suite D
Arnolds Park IA, 51331