19 E 2nd St Spencer, IA 51301
Estimated payment $776/month
Highlights
- Hot Property
- Main Floor Bedroom
- Wood Siding
- Spencer Middle School Rated 9+
- Detached Garage
About This Home
Investor Opportunity – Tucked into the heart of Spencer, this 11⁄2-story frame bungalow has been a quiet constant—providing a comfortable place to call home for long-term tenants and reliable income. With two separate living units, each space offers simple, practical living with everything tenants need and nothing overcomplicated. Located near downtown, this property provides a strong occupancy history and consistent cash flow—perfect for investors seeking a stable, income-producing opportunity. This one deserves a closer look.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,352
Year Built
- Built in 1920
Lot Details
- 8,052 Sq Ft Lot
- Lot Dimensions are 66 x 122
Home Design
- Duplex
- Asphalt Roof
- Wood Siding
- Block Exterior
Interior Spaces
- 2,050 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- 2 Bathrooms
Parking
- Detached Garage
- Shared Driveway
Utilities
- Boiler Heating System
- Heating System Uses Natural Gas
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 963618132015
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,352 | $82,670 | $14,260 | $68,410 |
| 2024 | $1,352 | $84,400 | $14,260 | $70,140 |
| 2023 | $1,306 | $84,400 | $14,260 | $70,140 |
| 2022 | $1,240 | $72,770 | $14,260 | $58,510 |
| 2021 | $1,308 | $69,350 | $14,260 | $55,090 |
| 2020 | $1,308 | $69,480 | $12,670 | $56,810 |
| 2019 | $1,218 | $66,410 | $0 | $0 |
| 2018 | $57 | $66,410 | $0 | $0 |
| 2017 | $1,259 | $63,500 | $0 | $0 |
| 2016 | $1,190 | $63,500 | $0 | $0 |
| 2015 | $1,228 | $65,500 | $0 | $0 |
| 2014 | $1,228 | $65,500 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2025 10/10/25 | For Sale | $125,000 | -- | $61 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | -- | |
| Warranty Deed | $59,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,000 | Future Advance Clause Open End Mortgage |
Source: Iowa Great Lakes Board of REALTORS®
MLS Number: 251337
APN: 9636-18-132-015
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