$1,150,000
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.
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Map to 135 W Wayne, Spencer, IN 47460
MLS #
22021289
Date Listed
2025-02-07
Status
Active
Property Type
Multi-Family/Apartments
Property SubType
Duplex
New Construction
No
Type
Duplex
Year Taxes Payable
2024
Year Built
1995
Days on Market
302
Additional
Cooling
Central Air
Heating
Electric
External Features
Construction
Duplex
Lot Size
17,424 sq ft
Acreage
0.40 Acres
Fence
None
Location
Area
Owen
County
Owen
Subdivision
No Subdivision
Township
Washington
City
Spencer
State
IN
Zip
47460
Schools
School District
Spencer-Owen Community Schools
Elementary
Spencer Elementary School
Middle School
Owen Valley Middle School
High School
Owen Valley Community High School
Financial
Assoc. Dues
$0.00
| MLS # | 22021289 |
|---|---|
| Date Listed | 2025-02-07 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Duplex |
| New Construction | No |
| Type | Duplex |
| Year Taxes Payable | 2024 |
| Year Built | 1995 |
| Days on Market | 302 |
| Cooling | Central Air |
|---|---|
| Heating | Electric |
| Construction | Duplex |
|---|---|
| Lot Size | 17,424 sq ft |
| Acreage | 0.40 Acres |
| Fence | None |
| Area | Owen |
|---|---|
| County | Owen |
| Subdivision | No Subdivision |
| Township | Washington |
| City | Spencer |
| State | IN |
| Zip | 47460 |
| School District | Spencer-Owen Community Schools |
|---|---|
| Elementary | Spencer Elementary School |
| Middle School | Owen Valley Middle School |
| High School | Owen Valley Community High School |
| Assoc. Dues | $0.00 |
|---|
MLS# 22021289
IDX information provided by the MIBOR REALTOR® Association.
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.
Listing Provided Courtesy of Taylor Kay
Keith Realty & Auction Group
taylor.kay@homefinder.org
Listing updated August 6, 2025 at 8:39 am
Last checked 7 minutes ago
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