$1,150,000

135 W Wayne Spencer, IN 47460

$10,000
Closing credit¹
0.4 acres
Multi-Family

Property details

About 135 W Wayne

Calling all investors! Looking for a stable, immediate cash flow property in great condition? This lot offers 5 Duplexes with upper/lower units and 1 site built home, all 11 units are currently rented out with a strong rental history and plenty of room for potential revenue. Gravel parking lots in front of the units allow for off street parking for each resident. All 11 units have 2 bedrooms & 1 bathroom, with individual porches for enjoyment, new metal roofs, and the current property manager does routine walk-throughs in Fall & Spring to keep up on repairs. The buildings are structurally in great condition making for a great investment.

Highlights

Home typeDuplex
HeatingElectric
StatusActive
CoolingCentral Air
Lot size0.4 Acres
Year built1995
MLS #22021289

Summary

  • MLS Number: 22021289
  • MLS Name: MIBOR
  • Office Name: Keith Realty & Auction Group
  • Office Email: taylor.kay@homefinder.org
  • Listing Agent: Taylor Kay

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated on: 2/21/2025, 10:46:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property

$1,150,000

135 W Wayne

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

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Nearby schools

4

Spencer Elementary School

Public District PK-6

0.5 mi

151 E Hillside Ave

7

McCormick's Creek Elementary School

Public District KG-6

3.4 mi

1601 Flatwoods Rd

6

Gosport Elementary School

Public District PK-6

6.9 mi

9th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $32,955. Residents of Spencer, IN typically earn less than $<35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

How much money do the neighbors make?

53%
<35k
40%
35k-100k
7%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

44%
Single, No Kids
20%
Single, with Kids
21%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
7%
12-17 yrs old
24%
18-34 yrs old
36%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Monster TrucksMonster Trucks
  • HuntingHunting
  • NASCARNASCAR

Where do the neighbors shop?

  • Wal-MartWal-Mart
  • Dollar GeneralDollar General
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • ChevroletChevrolet
  • RamRam
  • GMCGMC

What do the neighbors listen to?

  • CountryCountry
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 135 W Wayne in Spencer, IN and zip code 47460. Features: 0 bathroom. It has been listed on Rocket Homes since February 11, 2025 and is currently priced at $1,150,000.

In January 2025, from all listings sold in Spencer, IN there were more than 2 sold above asking price, over 0 sold below and more than 1 were sold right at the asked price. The number of listings in Spencer, IN decreased by 16.7% between December and January 2025. While the average time on the market in January 2025 was 3 days, the median list price was $294,750.

From Rocket Homes Real Estate and based on county public records data.

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