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.

San Rafael Hill Investment Property for Sale in Spencer, IA

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

Showing 22 San Rafael Hill Investment Property 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
402 E Park St Spencer, IA It's updated! Completely gone through since 2024 and now features a concrete driveway with...	2 beds \| 1 baths \| 816 sq.ft.	$117,500	Airbnb cash on cash: 5.91% Traditional cash on cash: 11.39% Airbnb Rental Income: $1392 Traditional Rental Income: $1592 Airbnb ROI: 5.91% Traditional ROI: 11.39%
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%
2124 11th Avenue SW Spencer, IA Discover your own personal retreat on the edge of town! This manageable acreage offers the...	3 beds \| 1 baths \| 2,198 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $1094 Airbnb ROI: N/A Traditional ROI: 2.26%
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%
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%
1423 18th Avenue W Spencer, IA Fairway Frontage Luxury: Exquisite Brick Home on Spencer Golf & Country Club. Experience ...	3 beds \| 2 baths \| 6,066 sq.ft.	$646,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.79% Airbnb Rental Income: $null Traditional Rental Income: $2430 Airbnb ROI: N/A Traditional ROI: 1.79%
1523 W 18th Avenue Spencer, IA Very nice 5 bedroom home located on the golf course. This home offers great living space! ...	5 beds \| 3 baths \| 1,736 sq.ft.	$359,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2842 Airbnb ROI: N/A Traditional ROI: 5.88%
611 E 17th Street Spencer, IA Well-Maintained 3 Bedroom, 2 Bathroom Ranch Home with Full Basement and DOUBLE Car Attache...	3 beds \| 1 baths \| 1,288 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.62% Airbnb Rental Income: $null Traditional Rental Income: $1909 Airbnb ROI: N/A Traditional ROI: 9.62%
1305 18th Avenue W Spencer, IA Welcome to 1305 18th Ave Wâa beautifully maintained brick ranch home with unbeatable cur...	3 beds \| 3 baths \| 3,716 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%
523 4th Avenue W Spencer, IA Your Spencer opportunity awaits! Raise your family in this awesome 4 bed 2 bath home with ...	4 beds \| 1 baths \| 2,226 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.19% Airbnb Rental Income: $null Traditional Rental Income: $2007 Airbnb ROI: N/A Traditional ROI: 9.19%
19 E 2nd Street Spencer, IA Investor Opportunity â Tucked into the heart of Spencer, this 1Â½-story frame bungalow h...	N/A beds \| N/A baths \| 2,050 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.64% Airbnb Rental Income: $null Traditional Rental Income: $1382 Airbnb ROI: N/A Traditional ROI: 8.64%
2008 4th Avenue SW Spencer, IA On the Golf Courseâ¦ The peaceful ambiance of the golf course is exceptional. This 2-bedr...	2 beds \| 2 baths \| 1,503 sq.ft.	$280,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 5.14% Airbnb Rental Income: $1392 Traditional Rental Income: $2248 Airbnb ROI: 0.3% Traditional ROI: 5.14%
109 Parkway Drive Spencer, IA Welcome to this 3 bedroom 1.5 home that offers comfort, character, and peace of mind. Situ...	4 beds \| 2 baths \| 1,220 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 7.53%
212 E 3rd Street Spencer, IA One of my FAVORITE HOMES & it will be your FAVORITE TOO! This AMAZING property encompasses...	4 beds \| 1 baths \| 3,276 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.08% Airbnb Rental Income: $null Traditional Rental Income: $2232 Airbnb ROI: N/A Traditional ROI: 7.08%
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.	$175,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 8.53% Airbnb Rental Income: $1392 Traditional Rental Income: $1864 Airbnb ROI: 3.17% Traditional ROI: 8.53%
424 E 10th 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 \| 1,664 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%

Your search for investment property begins and ends here

San Rafael Hill Investment Property for Sale in Spencer, IA

402 E Park St

Spencer, IA

2 beds | 1 baths | 816 sq.ft.

$117,500

Airbnb cash on cash: 5.91%

Traditional cash on cash: 11.39%

Airbnb Rental Income: $1392

Traditional Rental Income: $1592

Airbnb ROI: 5.91%

Traditional ROI: 11.39%

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%

1120 4th Avenue W

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%

2124 11th Avenue SW

Spencer, IA

3 beds | 1 baths | 2,198 sq.ft.

$229,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1094

Airbnb ROI: N/A

Traditional ROI: 2.26%

829 2Nd Avenue 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%

202 E 4th Street

Spencer, IA

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%

1423 18th Avenue W

Spencer, IA

3 beds | 2 baths | 6,066 sq.ft.

$646,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2430

Airbnb ROI: N/A

Traditional ROI: 1.79%

1523 W 18th Avenue

Spencer, IA

5 beds | 3 baths | 1,736 sq.ft.

$359,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2842

Airbnb ROI: N/A