Real Estate Investment Properties for Sale in Spencer, IA

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

Explore a variety of short-term homes & houses in Spencer, IA. Invest wisely with VRBO & Spencer, IA 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, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
612 E 9th Street Spencer, IA ONE- level living, 2 bedroom 1 bath home just blocks from downtown, groceries and the hosp...	2 beds \| 1 baths \| 1,248 sq.ft.	$165,000	Airbnb cash on cash: 7.81% Traditional cash on cash: 8.93% Airbnb Rental Income: $2242 Traditional Rental Income: $1855 Airbnb ROI: 7.81% Traditional ROI: 8.93%
124 E 2nd Street Spencer, IA Spacious and Bright 2 bedroom, 2 bath ranch-style home! Key features to this property incl...	2 beds \| 1 baths \| 2,270 sq.ft.	$154,000	Airbnb cash on cash: 8.72% Traditional cash on cash: 10.34% Airbnb Rental Income: $2242 Traditional Rental Income: $1918 Airbnb ROI: 8.72% Traditional ROI: 10.34%
1118 Fairview Avenue Spencer, IA Hit the Starter Button! Get home ownership running smoothly in this move-in ready 4-bedroo...	4 beds \| N/A baths \| 936 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.27% Airbnb Rental Income: $null Traditional Rental Income: $2230 Airbnb ROI: N/A Traditional ROI: 11.27%
102 Grandview Boulevard Spencer, IA Welcome to this charming ranch-style home, featuring 3 bedrooms, 2 baths, and a bonus room...	4 beds \| 1 baths \| 1,715 sq.ft.	$167,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $1583 Airbnb ROI: N/A Traditional ROI: 6.76%
214 8th Street SE Spencer, IA Here is your opportunity to finish this beautiful 3 bedroom ranch home situated on a large...	3 beds \| 1 baths \| 1,584 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.57% Airbnb Rental Income: $null Traditional Rental Income: $2096 Airbnb ROI: N/A Traditional ROI: 11.57%
3215 W 3rd Street Spencer, IA This 2 Bedroom 1 Bath home with open concept floor plan is just the house for you with cus...	2 beds \| 1 baths \| 1,116 sq.ft.	$214,900	Airbnb cash on cash: 5.68% Traditional cash on cash: 7.25% Airbnb Rental Income: $2242 Traditional Rental Income: $1999 Airbnb ROI: 5.68% Traditional ROI: 7.25%
1120 4th Avenue W Spencer, IA Step into modern convenience while appreciating the character of this 1939 brick bungalow ...	3 beds \| N/A baths \| 2,290 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.39% Airbnb Rental Income: $null Traditional Rental Income: $2400 Airbnb ROI: N/A Traditional ROI: 5.39%
212 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 5.88%
216 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 5.87%
204 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 5.87%
208 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 5.88%
209 34th Avenue W Spencer, IA Don't miss this opportunity to own this exceptional 2 Bedroom, 1 Bath home with its open c...	2 beds \| 1 baths \| 1,136 sq.ft.	$229,900	Airbnb cash on cash: 6.01% Traditional cash on cash: 7.54% Airbnb Rental Income: $2242 Traditional Rental Income: $2013 Airbnb ROI: 6.01% Traditional ROI: 7.54%
207 34th Avenue W Spencer, IA The Declan Floor Plan with 1,653 Finished SqFt is the largest floorplan option in the West...	3 beds \| 1 baths \| 1,690 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.71% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 6.71%
201 34th Avenue W Spencer, IA Setting a trend in this quality built 3 Bedroom 2 Bath contemporary home featuring an open...	3 beds \| 1 baths \| 1,540 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $2184 Airbnb ROI: N/A Traditional ROI: 6.56%
205 34th Avenue W Spencer, IA Setting a trend in this quality built 3 Bedroom 2 Bath contemporary home featuring an open...	3 beds \| 1 baths \| 1,540 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $2184 Airbnb ROI: N/A Traditional ROI: 6.56%
213 34th Avenue W Spencer, IA Setting a trend with a NEW FLOOR PLAN is this quality built 3 Bedroom 2 Bath contemporary ...	3 beds \| 1 baths \| 1,540 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $2184 Airbnb ROI: N/A Traditional ROI: 6.56%
2 Grandview Boulevard Spencer, IA Discover the charm of this beautifully renovated home situated on a fantastic corner lot! ...	4 beds \| 3 baths \| 4,052 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.3% Airbnb Rental Income: $null Traditional Rental Income: $3215 Airbnb ROI: N/A Traditional ROI: 6.3%
1808 20Th Avenue W Spencer, IA A beautiful ranch townhouse duplex located near the Spencer Golf and Country Club offering...	3 beds \| 2 baths \| 1,666 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.4% Airbnb Rental Income: $null Traditional Rental Income: $2438 Airbnb ROI: N/A Traditional ROI: 5.4%
3320 270Th Avenue Spencer, IA Are you looking for country living, a hobby farm, room to grow? Then make it a point to se...	4 beds \| N/A baths \| 2,270 sq.ft.	$398,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $2502 Airbnb ROI: N/A Traditional ROI: 5.09%
407 8th Street SE Spencer, IA Easy decision to make this house your home. Comfortable three bedroom, 2 bath ranch with ...	3 beds \| 2 baths \| 1,512 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.92% Airbnb Rental Income: $null Traditional Rental Income: $2351 Airbnb ROI: N/A Traditional ROI: 9.92%
114 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$292,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 6.24%
102 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$292,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.85% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 4.85%
110 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$292,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.37% Airbnb Rental Income: $null Traditional Rental Income: $2125 Airbnb ROI: N/A Traditional ROI: 6.37%
106 34th Avenue W Spencer, IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 1 baths \| 1,558 sq.ft.	$292,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.85% Airbnb Rental Income: $null Traditional Rental Income: $2128 Airbnb ROI: N/A Traditional ROI: 4.85%
1518 4th Avenue SW Spencer, IA Presenting a fantastic property with four well-designed apartments, each featuring 3 bedro...	N/A beds \| N/A baths \| 4,704 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.65% Airbnb Rental Income: $null Traditional Rental Income: $1374 Airbnb ROI: N/A Traditional ROI: 0.65%
1004 6th Avenue E Spencer, IA 4 CAR GARAGE - A Reason to Call! Step into the reality of ownership with this ranch-style ...	4 beds \| 2 baths \| 1,300 sq.ft.	$239,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.24% Airbnb Rental Income: $null Traditional Rental Income: $2299 Airbnb ROI: N/A Traditional ROI: 7.24%
403 E 14th Street Spencer, IA Embrace Simplicity. Discover the charm of this renovated 2-bedroom ranch, perfectly positi...	2 beds \| 1 baths \| 880 sq.ft.	$155,000	Airbnb cash on cash: 8.62% Traditional cash on cash: 8.18% Airbnb Rental Income: $2242 Traditional Rental Income: $1614 Airbnb ROI: 8.62% Traditional ROI: 8.18%
512 4th Avenue SE Spencer, IA Youâll Feel at Home - Step into this ranch home and be greeted by a bay window that fill...	3 beds \| 1 baths \| 1,320 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.64% Airbnb Rental Income: $null Traditional Rental Income: $2077 Airbnb ROI: N/A Traditional ROI: 9.64%
1203 W 14th Street Spencer, IA Charming Ranch Home in West Spencer! A well-maintained 3 bedroom, 2 bath home that offers ...	3 beds \| 1 baths \| 3,256 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.22% Airbnb Rental Income: $null Traditional Rental Income: $1463 Airbnb ROI: N/A Traditional ROI: 3.22%
1221 W 7th Street Spencer, IA All The Hard Work Is Done! Discover the charm of this newly updated 3-bedroom ranch home w...	3 beds \| 2 baths \| 2,504 sq.ft.	$209,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.19% Airbnb Rental Income: $null Traditional Rental Income: $2743 Airbnb ROI: N/A Traditional ROI: 11.19%
1102 Saint Luke Drive 305 Spencer, IA This is a Must-See End-Unit! A beautifully updated two-bedroom, two-bathroom condo that of...	2 beds \| 1 baths \| 1,451 sq.ft.	$240,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 4.33% Airbnb Rental Income: $2242 Traditional Rental Income: $1854 Airbnb ROI: 3.56% Traditional ROI: 4.33%
1202 West 14th Spencer, IA Welcome home to this nicely updated 3 bedroom 1.5 bath split foyer home near the fairgroun...	3 beds \| 2 baths \| 1,672 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.62% Airbnb Rental Income: $null Traditional Rental Income: $2389 Airbnb ROI: N/A Traditional ROI: 7.62%
1423 18th Avenue W Spencer, IA Elegant Brick Ranch Home situated on the Number Six Fairway of the Spencer Golf and Countr...	3 beds \| 2 baths \| 6,066 sq.ft.	$676,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.71% Airbnb Rental Income: $null Traditional Rental Income: $2430 Airbnb ROI: N/A Traditional ROI: 1.71%
30 Stoneybrook Circle Spencer, IA Discover comfort and convenience in this 3-bedroom, 2-bath patio home with primary en suit...	3 beds \| 1 baths \| 1,441 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2083 Airbnb ROI: N/A Traditional ROI: 5.58%
9 E 2nd Street Spencer, IA Business of Success! With multiple areas for offices or retail space, make it yours with t...	2 beds \| 1 baths \| 1,860 sq.ft.	$150,000	Airbnb cash on cash: 9.1% Traditional cash on cash: 8.74% Airbnb Rental Income: $2242 Traditional Rental Income: $1628 Airbnb ROI: 9.1% Traditional ROI: 8.74%
1303 Country Club Drive Spencer, IA Welcome home to this 3 Bedroom Brick Ranch nestled on the picturesque surroundings of the ...	3 beds \| 1 baths \| 1,978 sq.ft.	$349,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.55% Airbnb Rental Income: $null Traditional Rental Income: $2010 Airbnb ROI: N/A Traditional ROI: 3.55%

Real Estate investment in Spencer, IA

There are 39 properties for sale in the city of Spencer . The median list price in Spencer is $239,500 and the average price per square foot is $126. In December 2024, the average monthly cash on cash return in Spencer is 7.00%. The average monthly rental income in Spencer is $2,128.

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

There are 39 investment properties available for sale in Spencer.

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

The ROI for Short-Term is higher than the Long-Term in Spencer with average rental income of $2,242.

Your search for investment property begins and ends here

Investment Property for Sale in Spencer, IA

612 E 9th Street

Spencer, IA

2 beds | 1 baths | 1,248 sq.ft.

$165,000

Airbnb cash on cash: 7.81%

Traditional cash on cash: 8.93%

Airbnb Rental Income: $2242

Traditional Rental Income: $1855

Airbnb ROI: 7.81%

Traditional ROI: 8.93%

124 E 2nd Street

Spencer, IA

2 beds | 1 baths | 2,270 sq.ft.

$154,000

Airbnb cash on cash: 8.72%

Traditional cash on cash: 10.34%

Airbnb Rental Income: $2242

Traditional Rental Income: $1918

Airbnb ROI: 8.72%

Traditional ROI: 10.34%

1118 Fairview Avenue

Spencer, IA

4 beds | N/A baths | 936 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.27%

Airbnb Rental Income: $null

Traditional Rental Income: $2230

Airbnb ROI: N/A

Traditional ROI: 11.27%

102 Grandview Boulevard

Spencer, IA

4 beds | 1 baths | 1,715 sq.ft.

$167,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.76%

Airbnb Rental Income: $null

Traditional Rental Income: $1583

Airbnb ROI: N/A

Traditional ROI: 6.76%

214 8th Street SE

Spencer, IA

3 beds | 1 baths | 1,584 sq.ft.

$139,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.57%

Airbnb Rental Income: $null

Traditional Rental Income: $2096

Airbnb ROI: N/A

Traditional ROI: 11.57%

3215 W 3rd Street

Spencer, IA

2 beds | 1 baths | 1,116 sq.ft.

$214,900

Airbnb cash on cash: 5.68%

Traditional cash on cash: 7.25%

Airbnb Rental Income: $2242

Traditional Rental Income: $1999

Airbnb ROI: 5.68%

Traditional ROI: 7.25%

1120 4th Avenue W

Spencer, IA

3 beds | N/A baths | 2,290 sq.ft.

$329,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.39%

Airbnb Rental Income: $null

Traditional Rental Income: $2400

Airbnb ROI: N/A

Traditional ROI: 5.39%

212 34th Avenue W

Spencer, IA

3 beds | 1 baths | 1,558 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2128

Airbnb ROI: N/A