1518 4th Ave SW Spencer, IA 51301
Estimated payment $2,984/month
Highlights
- On Golf Course
- Deck
- Forced Air Heating System
- Spencer Middle School Rated 9+
- Attached Garage
About This Home
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.
Listing Agent
EXIT Realty Midwest- Spencer/Emmetsburg License #S67640 Listed on: 09/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,220
Year Built
- Built in 1977
Lot Details
- 0.3 Acre Lot
- On Golf Course
Home Design
- Quadruplex
- Brick Exterior Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,592 Sq Ft Home
- Multi-Level Property
- Partial Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Parking
- Attached Garage
- Driveway
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Harts 2Nd Residential Subdiv Subdivision
Listing and Financial Details
- Assessor Parcel Number 963619151006
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/08/2025 10/08/25 | Price Changed | $485,000 | -2.9% | $187 / Sq Ft | |
| 09/08/2025 09/08/25 | For Sale | $499,500 | +87.1% | $193 / Sq Ft | |
| 10/26/2020 10/26/20 | Sold | $267,000 | -0.7% | $126 / Sq Ft | View Prior Sale |
| 10/22/2020 10/22/20 | Pending | -- | -- | -- | |
| 08/25/2020 08/25/20 | For Sale | $269,000 | +9.8% | $127 / Sq Ft | |
| 01/31/2019 01/31/19 | Sold | $245,000 | +0.9% | $116 / Sq Ft | View Prior Sale |
| 12/07/2018 12/07/18 | Pending | -- | -- | -- | |
| 12/06/2018 12/06/18 | For Sale | $242,900 | -- | $115 / Sq Ft |
Source: Iowa Great Lakes Board of REALTORS®
MLS Number: 251166
APN: 963619151006
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