Calling all investors! Looking for a stable, immediate cash flow property in excellent condition? This lot offers 5 Duplexes with upper/lower units and 1 site built home, all 11 units are currently rented out with a strong rental history and plenty of room for potential revenue. Gravel parking lots in front of the units allow for off street parking for each resident. All 11 units have 2 bedrooms & 1 bathroom, with individual porches for enjoyment, new metal roofs, and the current property manager does routine walk-throughs in Fall & Spring to keep up on repairs. The buildings are structurally in excellent condition making for a great investment.
Active
$1,150,000
135 & 137 W Wayne St, Spencer, IN 47460
2beds
1,728sqft
Est.:
Single Family Residence, Duplex, Condominium
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off street parkingNew metal roofsGravel parking lotsIndividual porches
- 74 days
- on Zillow |
- 81 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2025 at 11:27am
Listed by:
Taylor Kay Office:812-714-8250,
Keith Realty & Auction Group
Source: IRMLS,MLS#: 202504297

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Kitchen
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Living room
- Level: Main
- Area: 252
- Dimensions: 21 x 12
Heating
- Electric
Cooling
- Central Air
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
- Finished area above ground: 1,728
- Finished area below ground: 0
Video & virtual tour
Property
Lot
- Size: 0.4 Acres
- Features: Corner Lot, 0-2.9999
Details
- Additional parcels included: 6010-20-400-400.727-028
- Parcel number: 601020400400.728028
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence, Duplex, Condominium
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Spencer
Financial & listing details
- Annual tax amount: $6,276
- Date on market: 2/11/2025
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