Real Estate Investment Properties for Sale in Spencer, TN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
0 White Oak Ln Spencer, TN 0 White Oak Ln, Spencer, TN 38554 \| Other	N/A beds \| N/A baths \| N/A	$249,000	Airbnb cash on cash: 2% Traditional cash on cash: 1.93% Airbnb Rental Income: $1407 Traditional Rental Income: $966 Airbnb ROI: 2% Traditional ROI: 1.93%
00 Twin Oaks Rd Spencer, TN 00 Twin Oaks Rd, Spencer, TN 38562 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 7.46% Traditional cash on cash: 7.53% Airbnb Rental Income: $1407 Traditional Rental Income: $990 Airbnb ROI: 7.46% Traditional ROI: 7.53%
Lot 34 Hemlock Ln Spencer, TN Lot 34 Hemlock Ln, Spencer, TN 38583 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: 7.01% Traditional cash on cash: 6.67% Airbnb Rental Income: $1407 Traditional Rental Income: $952 Airbnb ROI: 7.01% Traditional ROI: 6.67%
1201 Bridle Tr Spencer, TN Lakefront Equestrian Home. The home is a craftsman style, custom built showplace offering ...	4 beds \| 4 baths \| 3,898 sq.ft.	$1,295,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.5% Airbnb Rental Income: $null Traditional Rental Income: $3512 Airbnb ROI: N/A Traditional ROI: 1.5%
12779 State Route 111 Spencer, TN Brick 3 bedroom 1.5 bath home, sits on an approximate 11.5 acres. Lots of potential!! ! Ho...	3 beds \| 2 baths \| 1,230 sq.ft.	$325,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 4.19% Airbnb Rental Income: $2130 Traditional Rental Income: $1745 Airbnb ROI: 3.67% Traditional ROI: 4.19%
167 Bunkhouse Rd Spencer, TN Welcome to Long Branch Lakes, a premier gated community spanning more than 3,500 acres and...	3 beds \| 3 baths \| 2,094 sq.ft.	$419,999	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.76% Airbnb Rental Income: $2130 Traditional Rental Income: $2197 Airbnb ROI: 2.2% Traditional ROI: 3.76%
160 Eagles Bluff Cir Spencer, TN Custom-built in 2008, this 3 bedroom, 2 full + 2 half bath home offers 2,738 sq ft in a pr...	3 beds \| 2 baths \| 2,738 sq.ft.	$480,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 5.5% Airbnb Rental Income: $2130 Traditional Rental Income: $3190 Airbnb ROI: 1.93% Traditional ROI: 5.5%
211 Church St Spencer, TN Opportunity knocks with this 1,350 sq. ft. home sitting on a prime 1.43-acre parcel! Featu...	4 beds \| 1 baths \| 1,350 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $1795 Airbnb ROI: N/A Traditional ROI: 7.31%
132 Doe Ct Spencer, TN Mountain top living at it's finest. 3 bedrooms with en suite bathrooms, 2 living areas, mu...	3 beds \| 3 baths \| 2,144 sq.ft.	$485,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 5.09% Airbnb Rental Income: $2130 Traditional Rental Income: $3171 Airbnb ROI: 1.59% Traditional ROI: 5.09%
335 High Meadow Dr Spencer, TN If you have longed for a true log home on the Cumberland Plateau neighboring Fall Creek Fa...	3 beds \| 2 baths \| 2,943 sq.ft.	$639,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 1.96% Airbnb Rental Income: $2130 Traditional Rental Income: $2339 Airbnb ROI: 0.7% Traditional ROI: 1.96%
101102 Meadow View Ln Spencer, TN Nestled in a serene horse pasture, these two charming cabins offer an idyllic escape in na...	4 beds \| N/A baths \| 2,362 sq.ft.	$575,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 6.12% Airbnb Rental Income: $2130 Traditional Rental Income: $4294 Airbnb ROI: 1.08% Traditional ROI: 6.12%
904 Meadows Dr Spencer, TN BEAUTIFUL EXPANSIVE BARNDOMINIUM STYLE HOME SITTING ON A PRIVATE 5.46 ACRES, CENTRALLY LOC...	3 beds \| 2 baths \| 2,400 sq.ft.	$525,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.74% Airbnb Rental Income: $2130 Traditional Rental Income: $2764 Airbnb ROI: 1.34% Traditional ROI: 3.74%
384 Woodlee St Spencer, TN Many wonderful Memories made in this historic family treasure, from generation to generati...	2 beds \| 1 baths \| 1,357 sq.ft.	$175,000	Airbnb cash on cash: 9.35% Traditional cash on cash: 6.88% Airbnb Rental Income: $2447 Traditional Rental Income: $1438 Airbnb ROI: 9.35% Traditional ROI: 6.88%
10 Meadow Brook Ln Spencer, TN MOTIVATED SELLER!! Here it is folks. Your forever home awaits you. This beautiful log home...	2 beds \| 2 baths \| 1,224 sq.ft.	$295,000	Airbnb cash on cash: 4.69% Traditional cash on cash: 4.03% Airbnb Rental Income: $2447 Traditional Rental Income: $1667 Airbnb ROI: 4.69% Traditional ROI: 4.03%
101 & 102 Meadow View Ln Spencer, TN Nestled amidst the vibrant green expanses of a serene horse pasture, these two charming ca...	4 beds \| N/A baths \| 2,362 sq.ft.	$575,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 3.32% Airbnb Rental Income: $2447 Traditional Rental Income: $2649 Airbnb ROI: 1.84% Traditional ROI: 3.32%
27 Church St Spencer, TN Fully remodeled home full of charm and comfort. From the moment you arrive, the inviting c...	3 beds \| 2 baths \| 1,389 sq.ft.	$229,000	Airbnb cash on cash: 5.74% Traditional cash on cash: 7.09% Airbnb Rental Income: $2130 Traditional Rental Income: $1879 Airbnb ROI: 5.74% Traditional ROI: 7.09%
110 Falls Ln Spencer, TN Absolutely breathtaking acres, located atop the Cumberland Plateau in scenic Spencer, Tenn...	1 beds \| 1 baths \| 525 sq.ft.	$750,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 0.89% Airbnb Rental Income: $1080 Traditional Rental Income: $1489 Airbnb ROI: -0.22% Traditional ROI: 0.89%
499 Hemlock Ln Spencer, TN Perfect! This immaculately maintained 3 bedroom 2 bath home on 1.44 +/- acres needs nothin...	3 beds \| 2 baths \| 1,587 sq.ft.	$485,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 3.22% Airbnb Rental Income: $2130 Traditional Rental Income: $2213 Airbnb ROI: 1.84% Traditional ROI: 3.22%
19 Turkey Scratch Spencer, TN Wow!! What?? Look at this Spacious Home, 1.6 acres. Back on the market with a fresh new lo...	3 beds \| 2 baths \| N/A	$225,000	Airbnb cash on cash: 5.7% Traditional cash on cash: 9.13% Airbnb Rental Income: $2130 Traditional Rental Income: $2318 Airbnb ROI: 5.7% Traditional ROI: 9.13%
141 Camp Creek Cir Spencer, TN 0 Camp Creek Cir, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$79,998	Airbnb cash on cash: 8.55% Traditional cash on cash: 6.59% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 8.55% Traditional ROI: 6.59%
0 Bridle Trl Spencer, TN 0 Bridle Trl, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$399,000	Airbnb cash on cash: 0.23% Traditional cash on cash: -0.18% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 0.23% Traditional ROI: -0.18%
131 Camp Creek Cir Spencer, TN 131 Camp Creek Cir, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 9.2% Traditional cash on cash: 7.11% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 9.2% Traditional ROI: 7.11%
2323 College St Spencer, TN 2323 College St, Spencer, TN 38585 \| Single Family Residential	N/A beds \| N/A baths \| 1,040 sq.ft.	$169,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 5.22% Airbnb Rental Income: $1407 Traditional Rental Income: $1209 Airbnb ROI: 3.82% Traditional ROI: 5.22%
501 Bluff View Dr Spencer, TN Tucked beneath mature shade trees in one of Van Buren County's most prestigious neighborho...	3 beds \| 2 baths \| N/A	$359,900	Airbnb cash on cash: 3.1% Traditional cash on cash: 4.29% Airbnb Rental Income: $2130 Traditional Rental Income: $1987 Airbnb ROI: 3.1% Traditional ROI: 4.29%
19 Turkey Scratch Rd Spencer, TN 19 Turkey Scratch Rd, Spencer, TN 38585 \| Single Family Residential	3 beds \| 2 baths \| 1,788 sq.ft.	$225,000	Airbnb cash on cash: 5.31% Traditional cash on cash: 7.54% Airbnb Rental Income: $2130 Traditional Rental Income: $2061 Airbnb ROI: 5.31% Traditional ROI: 7.54%
0 Tall Woods Ln Spencer, TN 0 Tall Woods Ln, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$125,000	Airbnb cash on cash: 5.3% Traditional cash on cash: 4.02% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 5.3% Traditional ROI: 4.02%
Tract 2 Lone Wolf Trl Spencer, TN Tract 2 Lone Wolf Trl, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$137,000	Airbnb cash on cash: 5.07% Traditional cash on cash: 3.89% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 5.07% Traditional ROI: 3.89%
Lot 53 Topside Dr Spencer, TN Lot 53 Topside Dr, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$149,900	Airbnb cash on cash: 4.18% Traditional cash on cash: 3.11% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 4.18% Traditional ROI: 3.11%
0 Lone Wolf Trl Spencer, TN 0 Lone Wolf Trl, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$309,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 0.83% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 1.36% Traditional ROI: 0.83%
0 Fikes Field Rd & Greenfield Rd Spencer, TN 0 Fikes Field Rd & Greenfield Rd, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 0.91% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 1.46% Traditional ROI: 0.91%
0 Hwy 111 Spencer, TN 0 Highway 111, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$499,900	Airbnb cash on cash: 0.2% Traditional cash on cash: -0.13% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 0.2% Traditional ROI: -0.13%
158 Lick Hollow Br Spencer, TN 0 Lick Hollow Br, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$429,998	Airbnb cash on cash: 0.51% Traditional cash on cash: 0.12% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 0.51% Traditional ROI: 0.12%
876 College St Spencer, TN 876 College St, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$124,998	Airbnb cash on cash: 5.69% Traditional cash on cash: 4.41% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 5.69% Traditional ROI: 4.41%
0 Mountain Crest Dr Spencer, TN 0 Mountain Crest Dr, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$124,998	Airbnb cash on cash: 5.69% Traditional cash on cash: 4.41% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 5.69% Traditional ROI: 4.41%
158 AC Lick Hollow Br Spencer, TN 158 AC Lick Hollow Br, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$429,998	Airbnb cash on cash: 0.51% Traditional cash on cash: 0.12% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 0.51% Traditional ROI: 0.12%
5 AC Mountain Crest Dr Spencer, TN 5 AC Mountain Crest Dr, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$124,998	Airbnb cash on cash: 5.69% Traditional cash on cash: 4.41% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 5.69% Traditional ROI: 4.41%
0 Spokelay Rd Spencer, TN 0 Spokelay Rd, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: 8.42% Traditional cash on cash: 7.95% Airbnb Rental Income: $1407 Traditional Rental Income: $944 Airbnb ROI: 8.42% Traditional ROI: 7.95%
2148 Topside Dr Spencer, TN 2148 Topside Dr, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: 7.05% Traditional cash on cash: 5.45% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 7.05% Traditional ROI: 5.45%
0 Topside Dr Spencer, TN 0 Topside Dr, Spencer, TN 38585 \| Other	N/A beds \| N/A baths \| N/A	$89,900	Airbnb cash on cash: 7.9% Traditional cash on cash: 6.14% Airbnb Rental Income: $1407 Traditional Rental Income: $829 Airbnb ROI: 7.9% Traditional ROI: 6.14%

Real Estate investment in Spencer, TN

There are 120 properties for sale in the city of Spencer . The median list price in Spencer is $178,893 and the average price per square foot is $104. In October 2026, the average monthly cash on cash return in Spencer is 9.00%. The average monthly rental income in Spencer is $952.

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

There are 120 investment properties available for sale in Spencer.

In 2026, the best neighborhood to buy investment property is Spencer.

The ROI for Short-Term is higher than the Long-Term in Spencer with average rental income of $1,407.

Your search for investment property begins and ends here

Investment Property for Sale in Spencer, TN

0 White Oak Ln

Spencer, TN

N/A beds | N/A baths | N/A

$249,000

Airbnb cash on cash: 2%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $1407

Traditional Rental Income: $966

Airbnb ROI: 2%

Traditional ROI: 1.93%

00 Twin Oaks Rd

Spencer, TN

N/A beds | N/A baths | N/A

$99,900

Airbnb cash on cash: 7.46%

Traditional cash on cash: 7.53%

Airbnb Rental Income: $1407

Traditional Rental Income: $990

Airbnb ROI: 7.46%

Traditional ROI: 7.53%

Lot 34 Hemlock Ln

Spencer, TN

N/A beds | N/A baths | N/A

$95,000

Airbnb cash on cash: 7.01%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1407

Traditional Rental Income: $952

Airbnb ROI: 7.01%

Traditional ROI: 6.67%

1201 Bridle Tr

Spencer, TN

4 beds | 4 baths | 3,898 sq.ft.

$1,295,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.5%

Airbnb Rental Income: $null

Traditional Rental Income: $3512

Airbnb ROI: N/A

Traditional ROI: 1.5%

12779 State Route 111

Spencer, TN

3 beds | 2 baths | 1,230 sq.ft.

$325,000

Airbnb cash on cash: 3.67%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $2130

Traditional Rental Income: $1745

Airbnb ROI: 3.67%

Traditional ROI: 4.19%

167 Bunkhouse Rd

Spencer, TN

3 beds | 3 baths | 2,094 sq.ft.

$419,999

Airbnb cash on cash: 2.2%

Traditional cash on cash: 3.76%

Airbnb Rental Income: $2130

Traditional Rental Income: $2197

Airbnb ROI: 2.2%

Traditional ROI: 3.76%

160 Eagles Bluff Cir

Spencer, TN

3 beds | 2 baths | 2,738 sq.ft.

$480,000

Airbnb cash on cash: 1.93%

Traditional cash on cash: 5.5%

Airbnb Rental Income: $2130

Traditional Rental Income: $3190

Airbnb ROI: 1.93%

Traditional ROI: 5.5%

211 Church St

Spencer, TN

4 beds | 1 baths | 1,350 sq.ft.

$210,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1795

Airbnb ROI: N/A