Listed with Chris Cockerham, FC Tucker/Bloomington REALTORS, chris@cockerham.us

Price $680,000
Status Active
Beds 10
Baths 10 Baths
Home size 6,996 sqft
Lot Size 17,163 sqft
Days on Market 91
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.
Property Type(s): Multi Family
Last Updated 5/13/2025 Tract None
Year Built 1977 County Owen

SCHOOLS

School District Spencer-Owen Community Schools
Elementary School Spencer
Jr. High School Owen Valley
High School Owen Valley

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Stone
LOT 0.394 acre(s)
LOT DESCRIPTION Corner Lot
LOT DIMENSIONS 6996 SF
SEWER Septic Tank
STORIES 1
STYLE 1 Level
SUBDIVISION None
TAXES 3716
WATER Public
Listed with Chris Cockerham, FC Tucker/Bloomington REALTORS, chris@cockerham.us
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2025 IRMLS. All rights reserved.
Last Updated On: 6/17/25 7:27 AM PDT
Walk Score provided by walkscore.com

This IDX solution is (c) Diverse Solutions 2025.

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