For sale

Price cut: $5K (6/7)

$63,000

807 4th Ave W, Spencer, IA 51301

6beds

3baths

--sqft

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Triplex

Built in 1900

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Investment opportunity awaits!! Bring your vision and your skills to this 3 unit property located in the heart of Spencer. Within walking distance to just about everything it makes for a desirable rental location. The best part of this property is after your repairs and updates the return comes back 3 tenants at a time!! Grab your work boots and let's take a walk through what this opportunity could mean for you!!

221 days

229

12

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Forced Air

Features

Basement: Full
Has fireplace: No
Fireplace features: None

Interior area

Finished area above ground: 2,404
Finished area below ground: 0

Property

Parking

Parking features: No Garage

Lot

Size: 7,840 Square Feet
Dimensions: 60 x 132

Details

Parcel number: 963712433018

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Vinyl Siding
Roof: Asphalt

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Subdivision: IA

Location

Region: Spencer

Financial & listing details

Tax assessed value: $97,980
Annual tax amount: $1,562
Date on market: 12/9/2025

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/7/2026	Price change	$63,000-7.4%
Source: Iowa Great Lakes BOR #251528 Report a problem
12/9/2025	Listed for sale	$68,000
Source: Iowa Great Lakes BOR #251528 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,562 +3.6%	$97,980 +0.5%
2024	$1,508 +8%	$97,530
2023	$1,396 -10.5%	$97,530 +23%
2022	$1,560 -8.1%	$79,290 +7%
2021	$1,698	$74,090 -1.7%
2020	$1,698 -12.9%	$75,380
2019	$1,950 -10%	$75,380 -6.5%
2018	$2,168 +5.1%	$80,630 +2.6%
2017	$2,062 -9.8%	$78,620
2016	$2,286 +2.1%	$78,620 +6.3%
2015	$2,238	$73,930
2014	$2,238	$73,930

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 51301

Getting around

67 / 100

Somewhat Walkable

56 / 100

Bikeable

Nearby schools

GreatSchools rating

NA
Johnson Elementary School
Grades: PK-KDistance: 0.3 mi
7/10
Spencer Middle School
Grades: 6-8Distance: 1.2 mi
7/10
Spencer High School
Grades: 9-12Distance: 1.1 mi

Schools provided by the listing agent

District: Spencer

Source: Iowa Great Lakes BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.