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.

Condos for Sale in Spencer, IA

Search for Condo for Sale in Spencer, Iowa. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 3 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1102 St. Luke Dr #308 Spencer, IA 1102 St. Luke Dr #308, Spencer, IA 51301 \| Condo/Coop	2 beds \| 2 baths \| 1,451 sq.ft.	$219,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.43% Airbnb Rental Income: $1392 Traditional Rental Income: $1846 Airbnb ROI: 0.21% Traditional ROI: 4.43%
1613 11th Ave W Spencer, IA 1613 11th Ave W, Spencer, IA 51360 \| Condo/Coop	2 beds \| 2 baths \| 1,244 sq.ft.	$200,350	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.83% Airbnb Rental Income: $1392 Traditional Rental Income: $1495 Airbnb ROI: 2.07% Traditional ROI: 4.83%
Other Investment Properties for Sale in Spencer
1322 Country Club Dr Spencer , IA The perfect mix of classic character updated to today's decor! This beautiful home located...	5 beds \| 5 baths \| 5,331 sq.ft.	$709,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.47% Airbnb Rental Income: $null Traditional Rental Income: $5254 Airbnb ROI: N/A Traditional ROI: 5.47%
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%
1120 4th Avenue W Spencer , IA When the best of both worlds meet you get this elegant example of a classic brick home cou...	3 beds \| N/A baths \| 1,819 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.34% Airbnb Rental Income: $null Traditional Rental Income: $2400 Airbnb ROI: N/A Traditional ROI: 5.34%
212 34th Ave W Spencer , IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 2 baths \| 1,533 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 Ave W Spencer , IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 2 baths \| 1,533 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 Ave W Spencer , IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 2 baths \| 1,533 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 Ave W Spencer , IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 2 baths \| 1,533 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%
543 7th Avenue W Spencer , IA It may be winter but your spring might be coming up roses in this 2 bedroom, 2 bath home t...	2 beds \| 1 baths \| 976 sq.ft.	$129,900	Airbnb cash on cash: 5.14% Traditional cash on cash: 7.55% Airbnb Rental Income: $1392 Traditional Rental Income: $1273 Airbnb ROI: 5.14% Traditional ROI: 7.55%
1416 18th Ave W Spencer , IA Located in a highly desirable neighborhood, this home is conveniently located close to the...	4 beds \| 2 baths \| 2,152 sq.ft.	$298,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.58% Airbnb Rental Income: $null Traditional Rental Income: $1152 Airbnb ROI: N/A Traditional ROI: 1.58%
829 2Nd Avenue 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%
207 34th Ave W Spencer , IA The Declan Floor Plan with 1,653 Finished SqFt is the largest floorplan option in the West...	3 beds \| 2 baths \| 1,653 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.65% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 6.65%
213 34th Ave W Spencer , IA Setting a trend with a NEW FLOOR PLAN is this quality built 3 Bedroom 2 Bath contemporary ...	3 beds \| 2 baths \| 1,518 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $2184 Airbnb ROI: N/A Traditional ROI: 6.5%
202 E 4th Street Spencer , IA Step onto the classic front and instantly feel right at home! The entry greets you with wa...	3 beds \| 2 baths \| 3,166 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.74% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 8.74%
114 34th Ave W Spencer , IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 2 baths \| 1,533 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%
110 34th Ave W Spencer , IA Introducing a stunning new construction home to the market! This 3-Bedroom 2 Bath gem is ...	3 beds \| 2 baths \| 1,533 sq.ft.	$292,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $2125 Airbnb ROI: N/A Traditional ROI: 6.24%

Your search for investment property begins and ends here

Condos for Sale in Spencer, IA

1102 St. Luke Dr #308

Spencer, IA

2 beds | 2 baths | 1,451 sq.ft.

$219,000

Airbnb cash on cash: 0.21%

Traditional cash on cash: 4.43%

Airbnb Rental Income: $1392

Traditional Rental Income: $1846

Airbnb ROI: 0.21%

Traditional ROI: 4.43%

1613 11th Ave W

Spencer, IA

2 beds | 2 baths | 1,244 sq.ft.

$200,350

Airbnb cash on cash: 2.07%

Traditional cash on cash: 4.83%

Airbnb Rental Income: $1392

Traditional Rental Income: $1495

Airbnb ROI: 2.07%

Traditional ROI: 4.83%

Other Investment Properties for Sale in Spencer

Spencer , IA

5 beds | 5 baths | 5,331 sq.ft.

$709,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.47%

Airbnb Rental Income: $null

Traditional Rental Income: $5254

Airbnb ROI: N/A

Traditional ROI: 5.47%

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%

Spencer , IA

3 beds | N/A baths | 1,819 sq.ft.

$330,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2400

Airbnb ROI: N/A

Traditional ROI: 5.34%

Spencer , IA

3 beds | 2 baths | 1,533 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%

Spencer , IA

3 beds | 2 baths | 1,533 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%

Spencer , IA

3 beds | 2 baths | 1,533 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%

Spencer , IA

3 beds | 2 baths | 1,533 sq.ft.

$275,000

Airbnb cash on cash: N/A