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Spencer, IA Multifamily Homes & Duplexes for Sale

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  • /14

    $125,000

    • 4 Beds
    • 2 Baths
    • 2,050 Sq Ft

    19 E 2nd St, Spencer, IA 51301

    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

    Kelly Bierl Hometown Realty

    19 E 2nd St, Spencer, IA 51301
  • /27

    $485,000

    • 12 Beds
    • 8 Baths
    • 2,592 Sq Ft

    1518 4th Ave SW, Spencer, IA 51301

    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

    Michelle Lohman EXIT Realty Midwest- Spencer/Emmetsburg

    1518 4th Ave SW, Spencer, IA 51301
  • /31

    $399,000

    2 Grand Ave, Spencer, IA 51301

    Mixed Use Commercial Property offers, Office, Retail, & Warehouse. Features 4200 sq ft of office / retail, 2000 sq ft of warehouse, a 28ft x 32ft detached garage & 7200 sq ft of off street private concrete parking all located on a 1/2-acre lot offering Grand Avenue frontage.

    Mark Hallett Realty Professionals

    2 Grand Ave, Spencer, IA 51301
  • /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
  • /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 layout

    Cristy Jones EXIT Realty Midwest- Spencer/Emmetsburg

    110 34th Ave W, Spencer, IA 51301
  • /22

    $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 layout

    Cristy Jones EXIT Realty Midwest- Spencer/Emmetsburg

    114 34th Ave W, Spencer, IA 51301
  • /24

    $292,000 Open Sat 10AM - 11AM

    • 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 layout

    Cristy Jones EXIT Realty Midwest- Spencer/Emmetsburg

    106 34th Ave W, Spencer, IA 51301
  • /34

    $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 EXIT Realty Midwest- Spencer/Emmetsburg

    216 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 EXIT Realty Midwest- Spencer/Emmetsburg

    212 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 EXIT Realty Midwest- Spencer/Emmetsburg

    208 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 layout

    Cristy Jones EXIT Realty Midwest- Spencer/Emmetsburg

    204 34th Ave W, Spencer, IA 51301

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.

Home Trends in Spencer, IA

Housing Trends

Median Sale Price
$181,000
Median Single Family Sale Price
$180,000
Median Townhouse Sale Price
$194,950
Median 2 Bedroom Sale Price
$205,000
Median 1 Bedroom Sale Price
$108,450
Average Price Per Sq Ft
$115
Number of Homes for Sale
48
Last 12 months Home Sales
162
Months of Supply
3.60
Median List Price
$199,499
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-10%
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