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80 W Jefferson Street, Spencer, IN 47460

Spencer
Local realty services provided by:CENTURY 21 Affiliated
80 W Jefferson Street,Spencer, IN 47460
$640,000
  • 10 Beds
  • 10 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: chris cockerhamchris@cockerham.us
Office: fc tucker/bloomington realtors
MLS#:202508727
Source:Indiana Regional MLS

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Price summary

  • Price:$640,000

About this home

This offering includes two identical multifamily buildings, each featuring five 1-bedroom, 1-bathroom ground-floor apartments, ideally located within walking distance of the Spencer downtown square. Positioned on Jefferson and Wayne Streets, these properties offer immediate access to local shops, restaurants, and community amenities, making them highly desirable for tenants seeking small-town charm with convenience. Each unit rents for $600 per month with no security deposit, creating low barriers to occupancy and strong tenant demand. Tenants pay electric, while the landlord covers septic, water, and trash, simplifying utilities management and stabilizing operational costs. With ten total units across both buildings, this package provides reliable rental income and is well-suited for investors seeking a stable, cash-flowing asset in a growing southern Indiana community.

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Home facts

  • Year built:1977
  • Listing ID #:202508727
  • Added:375 day(s) ago
  • Updated:March 29, 2026 at 06:20 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Full bathrooms:10
  • Flooring:Mixed
  • Basement Description:Slab

Heating and cooling

  • Cooling:Central Air
  • Heating:Conventional
  • Central air:Yes

Structure and exterior

  • Year built:1977
  • Lot Features:Corner
  • Architectural Style:One Story
  • Construction Materials:Stone
  • Levels:1 Story

Schools

  • High school:Owen Valley
  • Middle school:Owen Valley
  • Elementary school:Spencer

Utilities

  • Water:City
  • Sewer:Septic

Finances and disclosures

  • Price:$640,000
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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