135 & 137 W Wayne Street Spencer, IN 47460

Single Family Detached MLS #: 202504297 Courtesy Of Keith Realty & Auction Group

$1,150,000

2 beds | 1 baths | 1,728 sq ft
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Est. Property Tax: $6,276
Estimated monthly payments: $5,550/mo.* (recalculate)

Property InformationDescription

Calling all investors! Looking for a stable, immediate cash flow property in excellent 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 excellent condition making for a great investment.

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Lot Size: 0.4 Acres
  • Rooms: Great Room, Kitchen, Living Room

MAP & DIRECTIONS

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135 & 137 W Wayne Street, Spencer, IN 47460
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School Information

135 & 137 W Wayne Street, Spencer, IN 47460

Elementary School
Grades PK-6 | Public School
SPENCER ELEMENTARY SCHOOL
Spencer, IN 47460
151 E Hillside Ave
812.­829.2253
Distance: 0.5 mi
School Rating
C-
Student:Teacher Ratio
18:1
Total Students
584
Middle School
Grades 7-8 | Public School
OWEN VALLEY MIDDLE SCHOOL
Spencer, IN 47460
626 W State Highway 46
812.­829.2249
Distance: 1.0 mi
School Rating
B-
Student:Teacher Ratio
11:1
Total Students
352
High School
Grades 9-12 | Public School
OWEN VALLEY COMMUNITY HIGH SCHOOL
Spencer, IN 47460
622 W State Highway 46
812.­829.2266
Distance: 0.9 mi
School Rating
C-
Student:Teacher Ratio
13:1
Total Students
664
Other Nearby Schools Distance Type Grades School Rating
Mccormick's Creek Elementary School 3.4 mi Public KG-6 B+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Spencer, IN 47460

Median Age: 46.5
Married: 51%
Number of Households: 4,682
Households with Children: 24.5%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Bloomington MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.