#22020009, Taylor Kay, Listing office: Keith Realty & Auction Group
Property details
About 80 W Jefferson St
This offering includes two identical multifamily buildings, each featuring five 1-bedroom, 1-bathroom ground-floor apartments, ideally located within walking distance of the Spencer downtown square. Positioned on Jefferson and Wayne Streets, these properties offer immediate access to local shops, restaurants, and community amenities, making them highly desirable for tenants seeking small-town charm with convenience. Each unit rents for $600 per month with no security deposit, creating low barriers to occupancy and strong tenant demand. Tenants pay electric, while the landlord covers septic, water, and trash, simplifying utilities management and stabilizing operational costs. With ten total units across both buildings, this package provides reliable rental income and is well-suited for investors seeking a stable, cash-flowing asset in a growing southern Indiana community.
Highlights
Home typeMulti Family
HeatingOther
StatusActive
CoolingCentral Air
Lot size0.394 Acres
Year built1977
MLS #202508727
Virtual tour
Summary
- Heating: Other
- Cooling: Central Air
- List Price: $680,000
- Annual Tax Amount: $1,858
- Tax Year: 2023
- Directions: First Property (80 W. Jefferson St.) head South on Main Street, Turn right on W. Jefferson St. the Property will be on the left Second Property (56 E. Wayne St.) Head South on Main Street, Turn Left onto E. Wayne St. the property will be on the left
- Year Built: 1977
- Stories: 1
- Lot Size: 0.394 Acres
- MLS Number: 202508727
- Office Name: FC Tucker/Bloomington REALTORS
- Office Email: chris@cockerham.us
- Listing Agent: Chris Cockerham
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 11:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $92,900 | $1,858 |
| 2021 | $104,400 | $2,088 |
| 2020 | $104,400 | $2,322 |
| 2019 | $116,100 | $2,322 |
| 2017 | $116,100 | $2,322 |
History based on county public records data.
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
6.8 mi
•9th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,955. The most common annual income of people living in Spencer, IN is less than $<35k. Typical family type is single, no kids. The majority of 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 Trucks
Hunting
NASCAR
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Chevrolet
Ram
GMC
What do the neighbors listen to?
Country- Classic Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 80 W Jefferson St
The listing price of 80 W Jefferson St property is $680,000.
The property 80 W Jefferson St is a multi located in Spencer, Indiana, 47460.
Active Listing: 80 W Jefferson St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 80 W Jefferson St are: Spencer Elementary School (GreatSchools Rating 4/10), McCormick's Creek Elementary School (GreatSchools Rating 7/10), Gosport Elementary School (GreatSchools Rating 6/10), Owen Valley Middle School (GreatSchools Rating 6/10), Edgewood Junior High School (GreatSchools Rating 5/10), Tri-North Middle School (GreatSchools Rating 6/10), Owen Valley Community High School (GreatSchools Rating 4/10), Edgewood High School (GreatSchools Rating 5/10), Seven Oaks Classical School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $1,858 (source: MLS/based on county public records data).
The year of construction for 80 W Jefferson St is 1977.
This home is located at 80 W Jefferson St in Spencer, IN and zip code 47460. This home, which was built in 1977, sits on a 0.39 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $680,000.
Spencer, IN housing market in June 2025 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 8 sold below. The number of homes for sale in Spencer, IN decreased by 1.4% between May and June 2025. Listings spent 48 days on the market in June 2025, and had a median list price of $280,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.