Calling all investors! Looking for a stable, immediate cash flow property in great 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 great condition making for a great investment.
Active
$1,150,000
135 W Wayne St, Spencer, IN 47460
2beds
1baths
--sqft
Est.:
Multi Family, Duplex
Built in 1995
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off street parkingSite built homeNew metal roofsIndividual porches
- 73 days
- on Zillow |
- 92 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 19, 2025 at 03:26pm
Listing Provided by:
Taylor Kay taylor.kay@homefinder.org,
Keith Realty & Auction Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22021289

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Property
Lot
- Size: 0.4 Acres
Details
- Additional parcels included: 601020400400.727028
- Parcel number: 601020400400728028
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1995
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Spencer
Financial & listing details
- Tax assessed value: $85,700
- Annual tax amount: $6,276
- Date on market: 2/11/2025
- Tenant pays: Electricity, Trash Collection, Water, Other
- Loading
- Loading