Spencer, IA Multifamily Homes & Duplexes for Sale

/14
$129,900
19 E 21st St, Spencer, IA 51301

This versatile half-acre commercial property offers excellent proximity to major highways, making it ideal for distribution, storage, or business expansion. Featuring high-quality cold storage facilities, it’s perfectly suited for businesses requiring temperature-controlled environments. A strategic location and specialized infrastructure make this a rare opportunity for investors or growing

Nick Steffes Integrity Real Estate

19 E 21st St, Spencer, IA 51301
Explore Spencer
/2
$50,000
- 3 Beds
- 2 Baths
- 1,301 Sq Ft
505 E 3rd St, Spencer, IA 51301

Investor special! Bring your skillset and ingenuity into this duplex, and restore it into your next income-producing property. A two-bedroom home on the main level and a studio apartment--with a separate entrance--on the second floor.

Kate Padilla eXp Realty LLC

505 E 3rd St, Spencer, IA 51301
/21
$292,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
114 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

114 34th Ave W, Spencer, IA 51301
/21
$292,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
110 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

110 34th Ave W, Spencer, IA 51301
/24
$292,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
102 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

102 34th Ave W, Spencer, IA 51301
/24
$292,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
106 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

106 34th Ave W, Spencer, IA 51301
/24
$275,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
204 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

204 34th Ave W, Spencer, IA 51301
/23
$275,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
208 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

208 34th Ave W, Spencer, IA 51301
/19
$275,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
212 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

212 34th Ave W, Spencer, IA 51301
/35
$275,000 New Construction
- 3 Beds
- 2 Baths
- 1,533 Sq Ft
216 34th Ave W, Spencer, IA 51301

Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is designed with modern living in mind. With a spacious open floor plan spanning 1,533 finished sq ft this house offers a perfect blend of comfort and style. As you enter you will be greeted by the inviting living area showcasing the seamless flow between the living room, dining space & kitchen. The open

Cristy Jones Northwest Iowa Realty

216 34th Ave W, Spencer, IA 51301

Iowa Clay County Spencer

Why Live in Spencer

Spencer, located in northwest Iowa, is a city where the Little Sioux and Ocheyedan rivers converge. Known for its deep-rooted community, Spencer hosts the largest county fair in Iowa and is a hub for farm equipment manufacturers and food processors. The city has a growing healthcare sector, bolstered by a new emergency department at Spencer Hospital. Despite a devastating flash flood in June 2024, which damaged over three-quarters of the city's structures, Spencer continues to rebuild with support from the Chamber of Commerce. Homes in Spencer range from early 1900s American Foursquares and folk-style houses to ranch-style homes and newer subdivisions on the outskirts. The downtown area, rebuilt in the Art Deco style after a 1931 fire, is listed on the National Register of Historic Places and features a mix of local businesses and national chains. Spencer boasts over 400 acres of parks and recreation, including the 12-mile Spencer Recreational Trail, East Leach Park, Stolley Park, and the Spencer Golf and Country Club. The Spencer Community School District offers college credit courses, and Iowa Lakes Community College has a campus in the city. Transportation is facilitated by U.S. Routes 71 and 18, a regional airport, and a nonprofit transit system. Spencer's attractions include the Clay County Fair, one of the largest in the nation, and various local events that foster a strong sense of community. Crime rates in Spencer are lower than the national average, contributing to its appeal as a safe place to live.

Learn more about living in Spencer

Home Trends in Spencer, IA

On average, homes in Spencer, IA sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Spencer, IA over the last 12 months is $169,900, down 19% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$169,900

Median Single Family Sale Price

$157,700

Median 2 Bedroom Sale Price

$55,000

Average Price Per Sq Ft

$111

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

0.30

Median List Price

$174,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

-19%

How to Buy a Home How to Finance a Home How to Sell a Home

In Spencer, there are currently 10 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $50,000 to $292,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Spencer is $174,900, while the average sale price is $196,992, offering insights into the local housing market. On average, multi-family homes spend 61 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Spencer, IA.

Spencer Types of Homes for Sale

Spencer Real Estate Listings

Spencer New Construction Homes

More About Living in Spencer

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Homes in Nearby Counties

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