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
167 Bunkhouse RD Spencer, TN Welcome to Long Branch Lakes, a premier gated community spanning more than 3,500 acres and...	3 beds \| 4 baths \| 2,094 sq.ft.	$494,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 3.05% Airbnb Rental Income: $1148 Traditional Rental Income: $2197 Airbnb ROI: -0.04% Traditional ROI: 3.05%
815 Old Mcminnville St Spencer, TN Discover the charm of country living with this move-in ready mini farm on 3.18 acres in th...	3 beds \| 1 baths \| 1,596 sq.ft.	$225,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 7.76% Airbnb Rental Income: $1148 Traditional Rental Income: $2001 Airbnb ROI: 1.97% Traditional ROI: 7.76%
10 Meadow Brook Lane Spencer, TN Here it is folks. Your forever home awaits you. This beautiful log home is nestled on top ...	2 beds \| 2 baths \| 1,224 sq.ft.	$320,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 3.64% Airbnb Rental Income: $964 Traditional Rental Income: $1667 Airbnb ROI: 0.14% Traditional ROI: 3.64%
1041 High Meadow Dr Spencer, TN Beautiful Log home in the mountains. High quality hand hewn look logs. Lots of awesome det...	2 beds \| 2 baths \| 1,602 sq.ft.	$394,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 4.02% Airbnb Rental Income: $964 Traditional Rental Income: $2161 Airbnb ROI: -0.16% Traditional ROI: 4.02%
110 Falls Lane Spencer, TN Absolutely breathtaking acres, located atop the Cumberland Plateau in scenic Spencer, Tenn...	1 beds \| 1 baths \| 525 sq.ft.	$1,000,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 0.42% Airbnb Rental Income: $822 Traditional Rental Income: $1489 Airbnb ROI: -0.65% Traditional ROI: 0.42%
101 Dakota Lane Spencer, TN Meet the home on 101 Dakota Ln-a masterfully crafted 3-bedroom retreat tucked among toweri...	3 beds \| 3 baths \| 1,971 sq.ft.	$744,929	Airbnb cash on cash: -0.27% Traditional cash on cash: 2.54% Airbnb Rental Income: $1148 Traditional Rental Income: $2716 Airbnb ROI: -0.27% Traditional ROI: 2.54%
2596 Pine Grove Road Spencer, TN Discover your dream home just minutes away from a stunning state park in this beautifully ...	3 beds \| 1 baths \| 1,228 sq.ft.	$199,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 7.98% Airbnb Rental Income: $1148 Traditional Rental Income: $1847 Airbnb ROI: 2.29% Traditional ROI: 7.98%
S 382 Bluff View Drive Spencer, TN This Property has been REDUCED	3 beds \| 2 baths \| 1,908 sq.ft.	$450,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 4.3% Airbnb Rental Income: $1148 Traditional Rental Income: $2393 Airbnb ROI: 0.44% Traditional ROI: 4.3%
618 Old Baker Mountain Rd Spencer, TN Motivated Seller, Bring us a cash offer! Affordable living is what you get with this 4 BR ...	4 beds \| 1 baths \| 814 sq.ft.	$122,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.68% Airbnb Rental Income: $null Traditional Rental Income: $1609 Airbnb ROI: N/A Traditional ROI: 11.68%
523 Dr I C Morgan Rd Spencer, TN Brand-new home with easy flow and peaceful country living. If you're scrolling through lis...	3 beds \| 2 baths \| 1,200 sq.ft.	$240,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 6.69% Airbnb Rental Income: $1148 Traditional Rental Income: $1998 Airbnb ROI: 1.27% Traditional ROI: 6.69%
100 College St Spencer, TN Do not miss this rare opportunity to own a unique property with unlimited potential in the...	4 beds \| 1 baths \| 1,526 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $1865 Airbnb ROI: N/A Traditional ROI: 5.91%
. SE 781 Sparta St Spencer, TN This property price has been reduced Ring door Bell is included	3 beds \| 1 baths \| 1,000 sq.ft.	$344,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.79% Airbnb Rental Income: $1148 Traditional Rental Income: $1724 Airbnb ROI: 0.83% Traditional ROI: 3.79%
671 Lemont And Yates Mountain Rd. Spencer, TN 4 BEDROOM, 1 BATH HOME ON 1.2 ACRE LOT WITH TONS OF POTENTIAL! 1,854 sq. ft., newer HVAC (...	4 beds \| 1 baths \| 1,854 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.2% Airbnb Rental Income: $null Traditional Rental Income: $1885 Airbnb ROI: N/A Traditional ROI: 8.2%
886 Drake And Shockley Rd Spencer, TN Discover comfort and country charm in this beautiful tri-level home on 1.1 acres featuring...	3 beds \| 1 baths \| 1,694 sq.ft.	$359,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 4.25% Airbnb Rental Income: $1148 Traditional Rental Income: $1932 Airbnb ROI: 0.81% Traditional ROI: 4.25%
2634 Pine Grove Road Spencer, TN Welcome to this charming and well-maintained home situated on a beautiful 1-acre lot just ...	3 beds \| 1 baths \| N/A	$235,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 7.11% Airbnb Rental Income: $1148 Traditional Rental Income: $1944 Airbnb ROI: 1.84% Traditional ROI: 7.11%
75 Pearl Lane Spencer, TN Welcome to the Haskell, a striking new construction A-Frame built in 2025, perched atop th...	1 beds \| 1 baths \| 1,088 sq.ft.	$199,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 7.14% Airbnb Rental Income: $822 Traditional Rental Income: $1646 Airbnb ROI: 1.08% Traditional ROI: 7.14%
19 Turkey Scratch Spencer, TN NEW YEAR NEW PRICE ONLY 209K Allot of house w/affordable price. Don't miss out on this apr...	3 beds \| 2 baths \| 1,788 sq.ft.	$209,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.96% Airbnb Rental Income: $1148 Traditional Rental Income: $1340 Airbnb ROI: 2.07% Traditional ROI: 4.96%
260 Church Street Spencer, TN Fully Renovated & Move-In Ready! Welcome to 260 Church Street-a beautifully updated ranch-...	2 beds \| 1 baths \| 880 sq.ft.	$175,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 7.25% Airbnb Rental Income: $964 Traditional Rental Income: $1514 Airbnb ROI: 1.85% Traditional ROI: 7.25%
1036 Goforth Road Spencer, TN 1 bedroom with 1 1/2 baths home with pantry room. Also wood heater, well water and storage...	1 beds \| 2 baths \| 832 sq.ft.	$189,900	Airbnb cash on cash: 1% Traditional cash on cash: 7.19% Airbnb Rental Income: $822 Traditional Rental Income: $1614 Airbnb ROI: 1% Traditional ROI: 7.19%
4357 Old State Highway 111 Spencer, TN LOOK NEW PRICE, BRING US AN OFFER! OPPORTUNITY AWAITS ON THIS 3000 sq.ft. BARNDOMINIUM SIT...	1 beds \| 1 baths \| 3,000 sq.ft.	$160,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 8.72% Airbnb Rental Income: $822 Traditional Rental Income: $1604 Airbnb ROI: 1.47% Traditional ROI: 8.72%
459 Dr I C Morgan Rd Spencer, TN Fresh, simple, and ready for real life - without the wait. If you're comparing homes and w...	3 beds \| 2 baths \| 1,200 sq.ft.	$240,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 6.69% Airbnb Rental Income: $1148 Traditional Rental Income: $1998 Airbnb ROI: 1.27% Traditional ROI: 6.69%

Real Estate investment in Spencer, TN

There are 21 properties for sale in the city of Spencer . The median list price in Spencer is $167,200 and the average price per square foot is $102. In January 2026, the average monthly cash on cash return in Spencer is 7.00%. The average monthly rental income in Spencer is $1,865.

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

There are 21 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 $1,865.

Your search for investment property begins and ends here

Investment Property for Sale in Spencer, TN

167 Bunkhouse RD

Spencer, TN

3 beds | 4 baths | 2,094 sq.ft.

$494,000

Airbnb cash on cash: -0.04%

Traditional cash on cash: 3.05%

Airbnb Rental Income: $1148

Traditional Rental Income: $2197

Airbnb ROI: -0.04%

Traditional ROI: 3.05%

815 Old Mcminnville St

Spencer, TN

3 beds | 1 baths | 1,596 sq.ft.

$225,000

Airbnb cash on cash: 1.97%

Traditional cash on cash: 7.76%

Airbnb Rental Income: $1148

Traditional Rental Income: $2001

Airbnb ROI: 1.97%

Traditional ROI: 7.76%

10 Meadow Brook Lane

Spencer, TN

2 beds | 2 baths | 1,224 sq.ft.

$320,000

Airbnb cash on cash: 0.14%

Traditional cash on cash: 3.64%

Airbnb Rental Income: $964

Traditional Rental Income: $1667

Airbnb ROI: 0.14%

Traditional ROI: 3.64%

1041 High Meadow Dr

Spencer, TN

2 beds | 2 baths | 1,602 sq.ft.

$394,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 4.02%

Airbnb Rental Income: $964

Traditional Rental Income: $2161

Airbnb ROI: -0.16%

Traditional ROI: 4.02%

110 Falls Lane

Spencer, TN

1 beds | 1 baths | 525 sq.ft.

$1,000,000

Airbnb cash on cash: -0.65%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $822

Traditional Rental Income: $1489

Airbnb ROI: -0.65%

Traditional ROI: 0.42%

101 Dakota Lane

Spencer, TN

3 beds | 3 baths | 1,971 sq.ft.

$744,929

Airbnb cash on cash: -0.27%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $1148

Traditional Rental Income: $2716

Airbnb ROI: -0.27%

Traditional ROI: 2.54%

2596 Pine Grove Road

Spencer, TN

3 beds | 1 baths | 1,228 sq.ft.

$199,900

Airbnb cash on cash: 2.29%

Traditional cash on cash: 7.98%

Airbnb Rental Income: $1148

Traditional Rental Income: $1847

Airbnb ROI: 2.29%

Traditional ROI: 7.98%

S 382 Bluff View Drive

Spencer, TN

3 beds | 2 baths | 1,908 sq.ft.

$450,000

Airbnb cash on cash: 0.44%

Traditional cash on cash: 4.3%

Airbnb Rental Income: $1148

Traditional Rental Income: $2393

Airbnb ROI: 0.44%