Real Estate Investment Properties for Sale in Spencer, NC

Looking for investment property in Spencer, NC with high ROI ?

Explore a variety of short-term homes & houses in Spencer, NC. Invest wisely with VRBO & Spencer, NC 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, NC

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
702 5th St Spencer, NC Step into this beautifully renovated 1920s home in the heart of Spencer, where timeless ch...	2 beds \| 1 baths \| 1,264 sq.ft.	$239,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 2.37% Airbnb Rental Income: $1155 Traditional Rental Income: $1047 Airbnb ROI: 1.17% Traditional ROI: 2.37%
703 5th St Spencer, NC Charming 1916 home full of character and timeless appeal! This 4-bedroom 2-bathroom home i...	4 beds \| 2 baths \| 1,865 sq.ft.	$165,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 11.34% Airbnb Rental Income: $1182 Traditional Rental Income: $2125 Airbnb ROI: 2.9% Traditional ROI: 11.34%
509 5th St Spencer, NC Price, Price Price!! Adorable house ought after Spencer, 3 bed , 1.5 bath well kept. rocki...	3 beds \| 2 baths \| 1,620 sq.ft.	$229,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 5.33% Airbnb Rental Income: $838 Traditional Rental Income: $1645 Airbnb ROI: 0.09% Traditional ROI: 5.33%
115 2nd St Spencer, NC PRICED BELOW APPRAISED VALUE, this fully renovated historic home offers the perfect blend ...	4 beds \| 2 baths \| 2,528 sq.ft.	$339,400	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.72% Airbnb Rental Income: $1182 Traditional Rental Income: $2293 Airbnb ROI: 0.02% Traditional ROI: 4.72%
511 S Carolina Ave Spencer, NC Priced to sell Quickly! Welcome to this practically new, two-story, turn-of-the-century st...	3 beds \| 2 baths \| 1,197 sq.ft.	$245,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 5.27% Airbnb Rental Income: $838 Traditional Rental Income: $1733 Airbnb ROI: -0.02% Traditional ROI: 5.27%
1209 3rd St Spencer, NC Use 203k loan. Own a promising 3-bedroom home just waiting for someone to unlock its poten...	3 beds \| 2 baths \| 1,292 sq.ft.	$120,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 11.74% Airbnb Rental Income: $838 Traditional Rental Income: $1791 Airbnb ROI: 0.66% Traditional ROI: 11.74%
1212 S Salisbury Ave Spencer, NC 1212 S Salisbury Ave, Spencer, NC 28159 \| Single Family Residential	4 beds \| 1 baths \| 1,069 sq.ft.	$205,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.36% Airbnb Rental Income: $1182 Traditional Rental Income: $1297 Airbnb ROI: 1.78% Traditional ROI: 4.36%
414 S Spencer Ave Spencer, NC Welcome to 414 S Spencer Avenue-where comfort, charm, and thoughtful updates come together...	3 beds \| 1 baths \| 1,536 sq.ft.	$239,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 4.9% Airbnb Rental Income: $838 Traditional Rental Income: $1614 Airbnb ROI: 0.01% Traditional ROI: 4.9%
1129 3rd St Spencer, NC Brand New construction! This stunning property boasts a gorgeous floor plan with amazing u...	3 beds \| 2 baths \| 1,098 sq.ft.	$235,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 5.69% Airbnb Rental Income: $838 Traditional Rental Income: $1604 Airbnb ROI: 0.77% Traditional ROI: 5.69%
1002 N Salisbury Ave Spencer, NC 1002 N Salisbury Ave, Spencer, NC 28159 \| Single Family Residential	3 beds \| 2 baths \| 1,272 sq.ft.	$125,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 9.07% Airbnb Rental Income: $838 Traditional Rental Income: $1406 Airbnb ROI: 1.62% Traditional ROI: 9.07%
Sapphire Plan Spencer, NC Sapphire Plan, Spencer, NC 28144 \| Single Family Residential	3 beds \| 2 baths \| 1,507 sq.ft.	$278,990	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.51% Airbnb Rental Income: $838 Traditional Rental Income: $1497 Airbnb ROI: -0.25% Traditional ROI: 3.51%
Amber Plan Spencer, NC Amber Plan, Spencer, NC 28144 \| Single Family Residential	3 beds \| 2 baths \| 1,596 sq.ft.	$282,990	Airbnb cash on cash: -0.27% Traditional cash on cash: 3.49% Airbnb Rental Income: $838 Traditional Rental Income: $1512 Airbnb ROI: -0.27% Traditional ROI: 3.49%
101/103 Baldwin Ave Spencer, NC **Up to 5% in closing credit and discounted property management cost for first year when u...	6 beds \| 4 baths \| 2,610 sq.ft.	$449,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.05% Airbnb Rental Income: $838 Traditional Rental Income: $2239 Airbnb ROI: -0.07% Traditional ROI: 4.05%
301 Meadow Street Spencer, NC Opportunity awaits at 301 Meadow Street in Spencer! Situated on a corner lot, this 2-bedro...	2 beds \| 2 baths \| 1,199 sq.ft.	$165,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 5.2% Airbnb Rental Income: $1155 Traditional Rental Income: $1200 Airbnb ROI: 2.49% Traditional ROI: 5.2%
421 N Salisbury Ave Spencer, NC 421 N Salisbury Ave, Spencer, NC 28159 \| Single Family Residential	2 beds \| 1 baths \| 1,239 sq.ft.	$129,000	Airbnb cash on cash: 3.66% Traditional cash on cash: 6.43% Airbnb Rental Income: $1155 Traditional Rental Income: $1118 Airbnb ROI: 3.66% Traditional ROI: 6.43%
910 2nd Street Spencer, NC Each Tenant-occupied investment property currently rented for $800-$900 per month. The sel...	3 beds \| 2 baths \| 1,260 sq.ft.	$420,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 1.72% Airbnb Rental Income: $838 Traditional Rental Income: $1491 Airbnb ROI: -0.78% Traditional ROI: 1.72%
902 4th St Spencer, NC Welcome to 902 4th St in Spencer! Built in 2022, this beautiful 3-bedroom, 2-bath home off...	3 beds \| 2 baths \| 1,097 sq.ft.	$229,900	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.35% Airbnb Rental Income: $838 Traditional Rental Income: $1439 Airbnb ROI: 0.08% Traditional ROI: 4.35%
607 3rd St Spencer, NC Step inside this beautifully renovated home in Spencer's Historic District, where historic...	3 beds \| 1 baths \| 1,232 sq.ft.	$222,333	Airbnb cash on cash: 0.14% Traditional cash on cash: 5.79% Airbnb Rental Income: $838 Traditional Rental Income: $1697 Airbnb ROI: 0.14% Traditional ROI: 5.79%
401 8th St Spencer, NC 401 8th St, Spencer, NC 28159 \| Single Family Residential	5 beds \| 2 baths \| 2,547 sq.ft.	$216,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.6% Airbnb Rental Income: $null Traditional Rental Income: $2022 Airbnb ROI: N/A Traditional ROI: 7.6%
112 N Yadkin Ave Spencer, NC 112 N Yadkin Ave, Spencer, NC 28159 \| Single Family Residential	3 beds \| 2 baths \| 1,466 sq.ft.	$260,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.15% Airbnb Rental Income: $838 Traditional Rental Income: $1560 Airbnb ROI: -0.14% Traditional ROI: 4.15%
114 N Yadkin Ave Spencer, NC 114 N Yadkin Ave, Spencer, NC 28159 \| Single Family Residential	3 beds \| 2 baths \| 1,466 sq.ft.	$260,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.12% Airbnb Rental Income: $838 Traditional Rental Income: $1555 Airbnb ROI: -0.14% Traditional ROI: 4.12%
331 Grant St Spencer, NC 331 Grant St, Spencer, NC 28159 \| Single Family Residential	2 beds \| 1 baths \| 1,096 sq.ft.	$90,000	Airbnb cash on cash: 5.91% Traditional cash on cash: 9.59% Airbnb Rental Income: $1155 Traditional Rental Income: $1098 Airbnb ROI: 5.91% Traditional ROI: 9.59%
00 Jordan Ave Spencer, NC 00 Jordan Ave, Spencer, NC 28159 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: 8.19% Traditional cash on cash: 2.17% Airbnb Rental Income: $1787 Traditional Rental Income: $575 Airbnb ROI: 8.19% Traditional ROI: 2.17%

Real Estate investment in Spencer, NC

There are 24 properties for sale in the city of Spencer . The median list price in Spencer is $239,856 and the average price per square foot is $142. In September 2026, the average monthly cash on cash return in Spencer is 5.00%. The average monthly rental income in Spencer is $1,505.

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

There are 24 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 $1,505.

Your search for investment property begins and ends here

Investment Property for Sale in Spencer, NC

702 5th St

Spencer, NC

2 beds | 1 baths | 1,264 sq.ft.

$239,900

Airbnb cash on cash: 1.17%

Traditional cash on cash: 2.37%

Airbnb Rental Income: $1155

Traditional Rental Income: $1047

Airbnb ROI: 1.17%

Traditional ROI: 2.37%

703 5th St

Spencer, NC

4 beds | 2 baths | 1,865 sq.ft.

$165,000

Airbnb cash on cash: 2.9%

Traditional cash on cash: 11.34%

Airbnb Rental Income: $1182

Traditional Rental Income: $2125

Airbnb ROI: 2.9%

Traditional ROI: 11.34%

509 5th St

Spencer, NC

3 beds | 2 baths | 1,620 sq.ft.

$229,000

Airbnb cash on cash: 0.09%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $838

Traditional Rental Income: $1645

Airbnb ROI: 0.09%

Traditional ROI: 5.33%

115 2nd St

Spencer, NC

4 beds | 2 baths | 2,528 sq.ft.

$339,400

Airbnb cash on cash: 0.02%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $1182

Traditional Rental Income: $2293

Airbnb ROI: 0.02%

Traditional ROI: 4.72%

511 S Carolina Ave

Spencer, NC

3 beds | 2 baths | 1,197 sq.ft.

$245,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $838

Traditional Rental Income: $1733

Airbnb ROI: -0.02%

Traditional ROI: 5.27%

1209 3rd St

Spencer, NC

3 beds | 2 baths | 1,292 sq.ft.

$120,000

Airbnb cash on cash: 0.66%

Traditional cash on cash: 11.74%

Airbnb Rental Income: $838

Traditional Rental Income: $1791

Airbnb ROI: 0.66%

Traditional ROI: 11.74%

1212 S Salisbury Ave

Spencer, NC

4 beds | 1 baths | 1,069 sq.ft.

$205,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $1182

Traditional Rental Income: $1297

Airbnb ROI: 1.78%

Traditional ROI: 4.36%

414 S Spencer Ave

Spencer, NC

3 beds | 1 baths | 1,536 sq.ft.

$239,000

Airbnb cash on cash: 0.01%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $838

Traditional Rental Income: $1614

Airbnb ROI: 0.01%