$680,000

80 W Jefferson Street, Spencer, IN 47460

  • 10 beds |
  • 10 baths |
  • 6,996 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $97/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

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.

Listing Status:
Active
Date Added:
March 17, 2025 at 05:00AM
Listing Office:
FC Tucker/Bloomington REALTORS : 812-336-7300
Listing Agent:
Chris Cockerham : 812-336-7300
MLS ID:
202508727
  • Basement: Slab
  • Flooring: Mixed
  • A/C: Central Air
  • Heating: Conventional
  • General: Stone
  • Style: One Story
  • Other Structures: None
  • Parking: Parking spaces: 0
  • School District: Spencer-Owen Community Schools
  • Zoning: LOT 205; SPENCER LOT 12160-10-20-400-400.704-028

This listing courtesy of Chris Cockerham, FC Tucker/Bloomington REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Spencer Elementary School

151 E Hillside Ave, Spencer, IN, 47460

Grades PK-6

0.46 miles away

O

Owen Valley Middle School

626 W State Highway 46, Spencer, IN, 47460

Grades 7-8

1.08 miles away

O

Owen Valley Community High School

622 W State Highway 46, Spencer, IN, 47460

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.