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1518 4th Avenue Sw, Spencer, IA 51301

Local realty services provided by:CENTURY 21 ProLink
1518 4th Avenue Sw,Spencer, IA 51301
$485,000
  • 12 Beds
  • 8 Baths
  • 4,704 sq. ft.
  • Multi-family
  • Active
Listed by: shelly lohman
Office: exit realty midwest- spencer/emmetsburg
MLS#:251166
Source:IA_IGLBOR

Price summary

  • Price:$485,000
  • Price per sq. ft.:$103.1

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.

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Home facts

  • Year built:1977
  • Listing ID #:251166
  • Added:142 day(s) ago
  • Updated:December 18, 2025 at 04:18 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Living area:4,704 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1977
  • Building area:4,704 sq. ft.
  • Lot area:0.3 Acres

Utilities

  • Water:Public/City
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$485,000
  • Price per sq. ft.:$103.1
  • Tax amount:$5,220

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