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Showcase Indiana Real Estate
80 W Jefferson St, Spencer, IN 47460
- $640,000
- 10
- BD
- 10
- BA
- 6,996
- SqFt
Listing courtesy of Chris Cockerham from FC Tucker/Bloomington REALTORS. chris@cockerham.us
Selling Office: The Stewart Home Group.- Sold Price
- $640,000
- List Price
- $680,000
- Status
- CLOSED
- MLS#
- 202508727
- Closing Date
- Jan 06, 2026
- Year Built
- 1977
- Days On Market
- Unknown
- Bedrooms
- 10
- Bathrooms
- 10
- Living Area
- 6,996
- Township
- Washington
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.
Additional Information
- Acres
- 0.39
- Taxes
- $3,716
- Lot Features
- Corner Lot
- Water
- City
- Cooling
- Central Air
- Flooring
- Combination
- School District
- Spencer-Owen Community Schools
- Elementary School
- Spencer
- Middle School
- Owen Valley
- High School
- Owen Valley
- Agent Name
- Chris Cockerham
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 