Real Estate Investment Properties for Sale in Spencer, IN

Looking for investment property in Spencer, IN with high ROI ?

Explore a variety of short-term homes & houses in Spencer, IN. Invest wisely with VRBO & Spencer, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Spencer, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
390 Lovers Lane Spencer, IN Welcome to this charming 2-bedroom, 1-bath bungalow nestled in a peaceful town setting clo...	2 beds \| 1 baths \| 838 sq.ft.	$199,900	Airbnb cash on cash: 5.27% Traditional cash on cash: 6.05% Airbnb Rental Income: $1908 Traditional Rental Income: $1548 Airbnb ROI: 5.27% Traditional ROI: 6.05%
777 N Laymon Avenue Spencer, IN What a darling home! 2 Bed/ 2 Full bath home on the edge of town. So many new updates with...	2 beds \| 2 baths \| 1,687 sq.ft.	$219,900	Airbnb cash on cash: 4.77% Traditional cash on cash: 8.62% Airbnb Rental Income: $1908 Traditional Rental Income: $2204 Airbnb ROI: 4.77% Traditional ROI: 8.62%
250 W Hillside Avenue Spencer, IN This beautiful home sits on Hillside Avenue in Spencer. The home offers 3 Bedrooms, 1 Bath...	3 beds \| 1 baths \| 1,234 sq.ft.	$249,900	Airbnb cash on cash: 7.25% Traditional cash on cash: 6.6% Airbnb Rental Income: $2809 Traditional Rental Income: $1997 Airbnb ROI: 7.25% Traditional ROI: 6.6%
7367 ADDIE RD Spencer, IN LOCATED IN THE COUNTRY, YOU WILL FIND PEACE AND QUIET WITH THIS COMPLETELY REMODELED HOME ...	2 beds \| 2 baths \| N/A	$399,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 4.92% Airbnb Rental Income: $1908 Traditional Rental Income: $2614 Airbnb ROI: 1.69% Traditional ROI: 4.92%
152 W North Street Spencer, IN Super cute remodeled 2 bedroom, 1 bath home in town. The eat-in kitchen has granite counte...	2 beds \| 1 baths \| 1,008 sq.ft.	$179,900	Airbnb cash on cash: 5.54% Traditional cash on cash: 6.68% Airbnb Rental Income: $1908 Traditional Rental Income: $1596 Airbnb ROI: 5.54% Traditional ROI: 6.68%
1671 Deer Haven Court Spencer, IN AMAZING three bedroom two full bath home in Windcrest Estates just off Hwy. 46 West. This...	3 beds \| 2 baths \| 1,184 sq.ft.	$259,490	Airbnb cash on cash: 6.96% Traditional cash on cash: 6.05% Airbnb Rental Income: $2809 Traditional Rental Income: $1929 Airbnb ROI: 6.96% Traditional ROI: 6.05%
3444 Hillside Court Spencer, IN This stunning 4 bedroom home offers an abundance of living space, perfectly situated on a ...	4 beds \| 3 baths \| 3,090 sq.ft.	$409,900	Airbnb cash on cash: 5.91% Traditional cash on cash: 6.59% Airbnb Rental Income: $3744 Traditional Rental Income: $3191 Airbnb ROI: 5.91% Traditional ROI: 6.59%
6473 Old Cuba Road Spencer, IN Opportunity for a multi family or investment buyer! This property offers a completely remo...	4 beds \| 3 baths \| 3,236 sq.ft.	$997,500	Airbnb cash on cash: 1.8% Traditional cash on cash: 2.05% Airbnb Rental Income: $3744 Traditional Rental Income: $3165 Airbnb ROI: 1.8% Traditional ROI: 2.05%
1010 River Road Spencer, IN Selling Tract B8 of Parcel #60-10-28-104-050.000-027. The property is in Spencer, Indiana...	4 beds \| 4 baths \| 4,455 sq.ft.	$575,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 4.75% Airbnb Rental Income: $3744 Traditional Rental Income: $3811 Airbnb ROI: 3.11% Traditional ROI: 4.75%
8064 Vilas Road Spencer, IN Discover this hidden gem in Owen Co. on a beautiful 35-acre parcel, partially wooded for p...	3 beds \| 1 baths \| 1,935 sq.ft.	$450,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 3.34% Airbnb Rental Income: $2809 Traditional Rental Income: $2153 Airbnb ROI: 3.34% Traditional ROI: 3.34%
1894 Dubois Road Spencer, IN Welcome to a dream home intended to be cherished for generations! This enchanting property...	4 beds \| 2 baths \| 1,820 sq.ft.	$299,900	Airbnb cash on cash: 8.42% Traditional cash on cash: 7.01% Airbnb Rental Income: $3744 Traditional Rental Income: $2532 Airbnb ROI: 8.42% Traditional ROI: 7.01%
7266 Locust Lake West Drive Spencer, IN Charming Lakefront Sandstone Ranch in Locust Lake Community! Motivated Seller offering a $...	3 beds \| 2 baths \| 1,776 sq.ft.	$259,000	Airbnb cash on cash: 7.09% Traditional cash on cash: 9.59% Airbnb Rental Income: $2809 Traditional Rental Income: $2763 Airbnb ROI: 7.09% Traditional ROI: 9.59%
7280 Little Flock RD Road Spencer, IN Nicely updated fabulous lodge style cabin on a 2 1/2 lot. This home features a relaxing wr...	4 beds \| 4 baths \| 1,892 sq.ft.	$349,900	Airbnb cash on cash: 7.07% Traditional cash on cash: 8.69% Airbnb Rental Income: $3744 Traditional Rental Income: $3462 Airbnb ROI: 7.07% Traditional ROI: 8.69%
6446 Old Cuba Road Spencer, IN Hard to find, park-like setting with tons of space inside and out. Rural but close to town...	3 beds \| 3 baths \| 5,238 sq.ft.	$599,900	Airbnb cash on cash: 2.56% Traditional cash on cash: 3.79% Airbnb Rental Income: $2809 Traditional Rental Income: $2840 Airbnb ROI: 2.56% Traditional ROI: 3.79%
4864 Ritter Woods Lane Spencer, IN This 5-bedroom, 3 bath ranch over a finished basement offers over 3,140 sq ft and is nestl...	5 beds \| 3 baths \| 3,140 sq.ft.	$449,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.28% Airbnb Rental Income: $null Traditional Rental Income: $3322 Airbnb ROI: N/A Traditional ROI: 6.28%
510 E Franklin Street Spencer, IN Check out this freshly remodeled 2 bedroom, 1 bath bungalow located in Spencer, In. In add...	2 beds \| 1 baths \| 1,020 sq.ft.	$290,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 3.41% Airbnb Rental Income: $1908 Traditional Rental Income: $1538 Airbnb ROI: 2.91% Traditional ROI: 3.41%
1080-1082 Parks Drive Spencer, IN Great investment opportunity! Duplex with 2 bedrooms per unit, spacious living rooms and k...	4 beds \| 2 baths \| 2,000 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.28% Airbnb Rental Income: $null Traditional Rental Income: $2462 Airbnb ROI: N/A Traditional ROI: 9.28%
2166 S Cataract Road Spencer, IN Take a look at this very nice and well maintained 3-bedroom, 3 bath home that sits on 1 ac...	3 beds \| 3 baths \| 2,362 sq.ft.	$349,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 6.77% Airbnb Rental Income: $2809 Traditional Rental Income: $2820 Airbnb ROI: 4.73% Traditional ROI: 6.77%
7254 Little Flock Rd Road Spencer, IN Situated on Little Flock Road, just beyond Whitehall in Owen County, this Bilevel residenc...	3 beds \| 3 baths \| 2,148 sq.ft.	$319,900	Airbnb cash on cash: 5.37% Traditional cash on cash: 7.63% Airbnb Rental Income: $2809 Traditional Rental Income: $2831 Airbnb ROI: 5.37% Traditional ROI: 7.63%
1012 W acres Drive Spencer, IN Charming 3-bedroom, 2-bathroom home located just 6 minutes west of Spencer, Indiana and 4 ...	3 beds \| 2 baths \| 1,248 sq.ft.	$215,000	Airbnb cash on cash: 8.6% Traditional cash on cash: 7.75% Airbnb Rental Income: $2809 Traditional Rental Income: $1977 Airbnb ROI: 8.6% Traditional ROI: 7.75%
1453 Cedar Ridge Court Spencer, IN Brand new construction for this 3BR, 2 BA ranch home located in Windcrest Estates! Just we...	3 beds \| 2 baths \| 1,600 sq.ft.	$315,000	Airbnb cash on cash: 5.11% Traditional cash on cash: 5.75% Airbnb Rental Income: $2809 Traditional Rental Income: $2342 Airbnb ROI: 5.11% Traditional ROI: 5.75%
216 N Park Avenue Spencer, IN What an amazing paradise right in town!! This 4 bedroom, 2 bath home has so many unique fe...	4 beds \| 2 baths \| 3,150 sq.ft.	$299,000	Airbnb cash on cash: 7.81% Traditional cash on cash: 7.43% Airbnb Rental Income: $3744 Traditional Rental Income: $2823 Airbnb ROI: 7.81% Traditional ROI: 7.43%
218 N East Street Spencer, IN Charming one and a half story in Spencer. Plenty of character with wood floors, living roo...	4 beds \| 2 baths \| 2,148 sq.ft.	$275,000	Airbnb cash on cash: 9.53% Traditional cash on cash: 8.5% Airbnb Rental Income: $3744 Traditional Rental Income: $2665 Airbnb ROI: 9.53% Traditional ROI: 8.5%

Real Estate investment in Spencer, IN

There are 23 properties for sale in the city of Spencer . The median list price in Spencer is $299,450 and the average price per square foot is $139. In December 2024, the average monthly cash on cash return in Spencer is 7.00%. The average monthly rental income in Spencer is $2,573.

Spencer, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 23 investment properties available for sale in Spencer.

In 2024, the best neighborhood to buy investment property is Spencer.

The ROI for Long-Term is higher than the Short-Term in Spencer with average rental income of $2,573.

Your search for investment property begins and ends here

Investment Property for Sale in Spencer, IN

390 Lovers Lane

Spencer, IN

2 beds | 1 baths | 838 sq.ft.

$199,900

Airbnb cash on cash: 5.27%

Traditional cash on cash: 6.05%

Airbnb Rental Income: $1908

Traditional Rental Income: $1548

Airbnb ROI: 5.27%

Traditional ROI: 6.05%

777 N Laymon Avenue

Spencer, IN

2 beds | 2 baths | 1,687 sq.ft.

$219,900

Airbnb cash on cash: 4.77%

Traditional cash on cash: 8.62%

Airbnb Rental Income: $1908

Traditional Rental Income: $2204

Airbnb ROI: 4.77%

Traditional ROI: 8.62%

250 W Hillside Avenue

Spencer, IN

3 beds | 1 baths | 1,234 sq.ft.

$249,900

Airbnb cash on cash: 7.25%

Traditional cash on cash: 6.6%

Airbnb Rental Income: $2809

Traditional Rental Income: $1997

Airbnb ROI: 7.25%

Traditional ROI: 6.6%

7367 ADDIE RD

Spencer, IN

2 beds | 2 baths | N/A

$399,900

Airbnb cash on cash: 1.69%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $1908

Traditional Rental Income: $2614

Airbnb ROI: 1.69%

Traditional ROI: 4.92%

152 W North Street

Spencer, IN

2 beds | 1 baths | 1,008 sq.ft.

$179,900

Airbnb cash on cash: 5.54%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $1908

Traditional Rental Income: $1596

Airbnb ROI: 5.54%

Traditional ROI: 6.68%

1671 Deer Haven Court

Spencer, IN

3 beds | 2 baths | 1,184 sq.ft.

$259,490

Airbnb cash on cash: 6.96%

Traditional cash on cash: 6.05%

Airbnb Rental Income: $2809

Traditional Rental Income: $1929

Airbnb ROI: 6.96%

Traditional ROI: 6.05%

3444 Hillside Court

Spencer, IN

4 beds | 3 baths | 3,090 sq.ft.

$409,900

Airbnb cash on cash: 5.91%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $3744

Traditional Rental Income: $3191

Airbnb ROI: 5.91%

Traditional ROI: 6.59%

6473 Old Cuba Road

Spencer, IN

4 beds | 3 baths | 3,236 sq.ft.

$997,500

Airbnb cash on cash: 1.8%

Traditional cash on cash: 2.05%

Airbnb Rental Income: $3744

Traditional Rental Income: $3165

Airbnb ROI: 1.8%