For sale

$72,000

809 E Milw St, Spencer, IA 51301

2beds

704sqft

$546/mo

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Single Family Residence

Built in 1925

5,662 Square Feet Lot

$-- Zestimate^®

$102/sqft

$-- HOA

What's special

Calling all investors! This 2 bedroom, 1 bath home is a fantastic opportunity to add to your rental portfolio or start your investment journey. While the exterior could use a fresh coat of paint, the interior is move-in ready, making it easy to get tenants in quickly. Complete with a detached 1 car garage, this property offers excellent potential and value. Don’t miss this affordable investment opportunity!

15 days

388

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Bathroom 1

Level: Main

Kitchen

Level: Main

Laundry

Level: Lower

Living room

Level: Main

Heating

Forced Air

Cooling

Wall Unit(s)

Appliances

Included: Range/Stove, Refrigerator, Gas Water Heater

Features

Ceiling Fan(s)
Basement: Full

Interior area

Total structure area: 704
Total interior livable area: 704 sqft
Finished area above ground: 704
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Detached
Garage spaces: 1

Features

Levels: One
Stories: 1

Lot

Size: 5,662 Square Feet
Dimensions: 50 x 117

Details

Parcel number: 963607477008

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence
Attached to another structure: Yes

Materials

Cement Block, Frame/Wood
Roof: Asphalt

Condition

Year built: 1925

Utilities & green energy

Electric: Fuses
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Subdivision: IA

Location

Region: Spencer

Financial & listing details

Price per square foot: $102/sqft
Tax assessed value: $50,010
Annual tax amount: $768
Date on market: 7/31/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/31/2026	Listed for sale	$72,000$102/sqft
Source: Iowa Great Lakes BOR #260912 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$768 +3.5%	$50,010 +4.2%
2024	$742 +3.6%	$47,980
2023	$716 +5.3%	$47,980 +18.2%
2022	$680 -4.2%	$40,590 +6.6%
2021	$710	$38,070 +1%
2020	$710 +4.7%	$37,680
2019	$678 +1.5%	$37,680 +1.9%
2018	$668	$36,970 +2.2%
2017	$668 -1.5%	$36,160
2016	$678 -1.2%	$36,160 -1.1%
2015	$686	$36,560
2014	$686 +48.8%	$36,560
2013	$461 -3.2%	--
2012	$476	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 51301

Getting around

41 / 100

Car-Dependent

44 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

NA
Fairview Park Elementary School
Grades: 1-2Distance: 0.7 mi
7/10
Spencer Middle School
Grades: 6-8Distance: 0.6 mi
7/10
Spencer High School
Grades: 9-12Distance: 0.4 mi

Schools provided by the listing agent

District: Spencer

Source: Iowa Great Lakes BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.