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
829 2nd Ave SE Spencer, IA This modern, open-concept single-family home, with over 1900 square feet of living space, ...	4 beds \| 2 baths \| 1,912 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $1804 Airbnb ROI: N/A Traditional ROI: 4.63%
6 Grandview Blvd Spencer, IA Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	4 beds \| 2 baths \| 1,920 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.93% Airbnb Rental Income: $null Traditional Rental Income: $2324 Airbnb ROI: N/A Traditional ROI: 10.93%
1305 18th Ave W Spencer, IA Welcome to 1305 18th Ave Wâa beautifully maintained brick ranch home with unbeatable cur...	3 beds \| 2 baths \| 2,332 sq.ft.	$479,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.35% Airbnb Rental Income: $null Traditional Rental Income: $2980 Airbnb ROI: N/A Traditional ROI: 4.35%
304 9th Street SW Spencer, IA Completely Renovated & Beautifully Finished â Move-In Ready Ranch in Spencer, Iowa! Thi...	2 beds \| 2 baths \| 1,040 sq.ft.	$169,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 8.86% Airbnb Rental Income: $1392 Traditional Rental Income: $1864 Airbnb ROI: 3.32% Traditional ROI: 8.86%
424 E 10th St St Spencer, IA This cabin style home on a corner lot is all updated! 2 bed, 1 bath, with potential for lo...	2 beds \| 1 baths \| 1,162 sq.ft.	$164,500	Airbnb cash on cash: 3.46% Traditional cash on cash: 8.65% Airbnb Rental Income: $1392 Traditional Rental Income: $1786 Airbnb ROI: 3.46% Traditional ROI: 8.65%
313 9th Street SW Spencer, IA All brand new! This house was completely renovated inside after the flood in June 2024. Ne...	3 beds \| 1 baths \| 912 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.85% Airbnb Rental Income: $null Traditional Rental Income: $1669 Airbnb ROI: N/A Traditional ROI: 8.85%
1800 11th Street SE Spencer, IA First Time on the Market! Welcome to your future oasis! Nestled on a stunning 2.91 acres, ...	3 beds \| 1 baths \| 3,261 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.01% Airbnb Rental Income: $null Traditional Rental Income: $1936 Airbnb ROI: N/A Traditional ROI: 3.01%

Real Estate investment in Spencer, IA

There are 55 properties for sale in the city of Spencer . The median list price in Spencer is $154,900 and the average price per square foot is $73. In March 2026, the average monthly cash on cash return in Spencer is 9.00%. The average monthly rental income in Spencer is $1,950.

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

There are 55 investment properties available for sale in Spencer.

In 2026, 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 $1,950.

Your search for investment property begins and ends here

Investment Property for Sale in Spencer, IA

829 2nd Ave SE

Spencer, IA

4 beds | 2 baths | 1,912 sq.ft.

$260,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1804

Airbnb ROI: N/A

Traditional ROI: 4.63%

6 Grandview Blvd

Spencer, IA

4 beds | 2 baths | 1,920 sq.ft.

$179,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.93%

Airbnb Rental Income: $null

Traditional Rental Income: $2324

Airbnb ROI: N/A

Traditional ROI: 10.93%

1305 18th Ave W

Spencer, IA

3 beds | 2 baths | 2,332 sq.ft.

$479,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.35%

Airbnb Rental Income: $null

Traditional Rental Income: $2980

Airbnb ROI: N/A

Traditional ROI: 4.35%

304 9th Street SW

Spencer, IA

2 beds | 2 baths | 1,040 sq.ft.

$169,000

Airbnb cash on cash: 3.32%

Traditional cash on cash: 8.86%

Airbnb Rental Income: $1392

Traditional Rental Income: $1864

Airbnb ROI: 3.32%

Traditional ROI: 8.86%

424 E 10th St St

Spencer, IA

2 beds | 1 baths | 1,162 sq.ft.

$164,500

Airbnb cash on cash: 3.46%

Traditional cash on cash: 8.65%

Airbnb Rental Income: $1392

Traditional Rental Income: $1786

Airbnb ROI: 3.46%

Traditional ROI: 8.65%

313 9th Street SW

Spencer, IA

3 beds | 1 baths | 912 sq.ft.

$150,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.85%

Airbnb Rental Income: $null

Traditional Rental Income: $1669

Airbnb ROI: N/A

Traditional ROI: 8.85%

1800 11th Street SE

Spencer, IA

3 beds | 1 baths | 3,261 sq.ft.

$365,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.01%

Airbnb Rental Income: $null

Traditional Rental Income: $1936

Airbnb ROI: N/A

Traditional ROI: 3.01%

Real Estate investment in Spencer, IA

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

How many investment properties are available for sale in Spencer?

Which neighborhoods in Spencer to invest in 2026?

Long-Term vs. Short-Term Rentals in Spencer, Iowa: Which will earn the best returns?

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