• Property Type
  • Duplex, Residential Income
  • Sqft
  • Area Size
135 W Wayne , Spencer, IN 47460
  • $1,150,000
  • $1,150,000

Description

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.

  • Address: 135 W Wayne
  • City: Spencer
  • State/county: IN
  • Zip/Postal Code: 47460
  • Area: No Subdivision

Details

Updated on February 8, 2026 at 6:06 am
  • Property ID 22021289
  • Price $1,150,000
  • Land Area 0.4 Acres
  • Garage Size x x
  • Year Built 1995
  • Property Type Duplex, Residential Income
  • Property Status Expired

Additional details

  • Roof Metal
  • Cooling Central Air
  • Heating Electric
  • County Owen
  • Property Type Residential Income
  • Elementary School Spencer Elementary School
  • Middle School Owen Valley Middle School
  • High School Owen Valley Community High School

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Contact Information

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Preeti Chaggar

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