Renovated Quadplex Near
For Sale
$349,900
1132 Main Street, Grinnell, IA 50112
MULTI_FAMILY - Grinnell, IA
Property Size3,858 SF
Price / SF$90.69
Days on Market388
Property Features for 1132 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Basement
Full
Directions
Google
Standard status
Active
APN
0701600
Size
3,858 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
per abstract
Tax Annual Amount
3036
Legal Description
per abstract
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Building materials
HardiPlank Type
Listing Agency:
Century 21 Signature Real Estate
(641) 990-8441
Listed By:
Joyce Halblom · License #***
(641) 990-8441
Added: Jul 17, 2025
Changed: Jul 18
Last Checked: Aug 8 at 8:06PM
MLS# 6329839
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-square home has been renovated to provide four fully updated apartments within a single building. The property features spacious rooms and high ceilings that reflect its historic character, with newer finishes carried throughout. Recent upgrades include new plumbing and electrical systems, fresh paint throughout, and updated bathrooms, supporting a turn-key, well-maintained setup for tenants.
Located at 1132 Main Street in Grinnell, it offers walkable access to Grinnell College and downtown Grinnell’s shops, dining, and entertainment. The building’s proximity to these amenities may be especially convenient for student and faculty-oriented housing users.
With four separate apartments, this property can work well for investors seeking multi-unit residential income, or for an owner-occupant who wants to live in one unit while renting the others. On-site laundry adds day-to-day convenience for residents. The combination of historic layout and modernization—including mechanical and interior updates—supports a practical, low-maintenance housing option for a variety of rental strategies.
Located at 1132 Main Street in Grinnell, it offers walkable access to Grinnell College and downtown Grinnell’s shops, dining, and entertainment. The building’s proximity to these amenities may be especially convenient for student and faculty-oriented housing users.
With four separate apartments, this property can work well for investors seeking multi-unit residential income, or for an owner-occupant who wants to live in one unit while renting the others. On-site laundry adds day-to-day convenience for residents. The combination of historic layout and modernization—including mechanical and interior updates—supports a practical, low-maintenance housing option for a variety of rental strategies.
Key Highlights
- Prime Location: Walkable to Grinnell College and downtown Grinnell.
- Four Renovated Apartments: Each unit is updated with newer finishes.
- Investment Opportunity: Ideal for rental income or owner‑occupied residence with rental income.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 50112, IA
11,849
Population
5,018
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
182.2 sq mi
ZIP Area
65
Density / Sq Mi
$64,707
Median Household Income
$34,301
Median Earnings
$863
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated four-unit four-square home with in-unit finishes and on-site laundry, offering flexible rental or owner-occupant options.
Where is this quadplex located?
The property is located at 1132 Main Street Grinnell, IA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Prime Location: Walkable to Grinnell College and downtown Grinnell.; Four Renovated Apartments: Each unit is updated with newer finishes.; Investment Opportunity: Ideal for rental income or owner‑occupied residence with rental income.
