3-Unit Multifamily
For Sale
$299,000
1221 Main Street, Grinnell, IA 50112
Residential Income, Grinnell, IA
Property Size2,891 SF
Lot Size0.28 Acres
Price / SF$103.42
Days on Market124
Property Features for 1221 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Basement
Finished, Partial
Directions
North off of I80, turn right on 8th Ave, turn right on Main st. second house on the right
Standard status
Active
APN
0616800
Size
2,891 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NORTH GRINNELL LOT 9 BLOCK 2
Tax Annual Amount
2314
Legal Description
NORTH GRINNELL LOT 9 BLOCK 2
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Century 21 Signature Real Estate
(641) 990-8441
Listed By:
Penny Gable · License #***
(641) 325-0010
Added: May 6
Changed: Sep 3
Last Checked: Sep 6 at 6:06AM
MLS# 6338061
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 2,891-square-foot triplex combines a primary residence with two separate one-bedroom units. The main portion occupies the first and second floors and includes five bedrooms, two bathrooms, a living room, and a kitchen. A one-bedroom, one-bathroom unit is located in the basement, while the garage contains another one-bedroom, one-bathroom apartment.
Built in 1900, the property has vinyl siding, forced-air heating, and a public water source. The 0.28-acre lot provides a large yard along with parking accessible from the street and alley. Located in Grinnell, Iowa, the property offers three distinct residential configurations within a single multifamily asset.
Built in 1900, the property has vinyl siding, forced-air heating, and a public water source. The 0.28-acre lot provides a large yard along with parking accessible from the street and alley. Located in Grinnell, Iowa, the property offers three distinct residential configurations within a single multifamily asset.
Key Highlights
- Three residential units in one property
- Main residence spans the first and second floors with 5 bedrooms and 2 bathrooms
- Basement unit includes 1 bedroom and 1 bathroom
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
795
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?
Triplex - The property includes a five-bedroom main residence plus one-bedroom basement and garage units.
Where is this triplex located?
The property is located at 1221 Main Street Grinnell, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three residential units in one property; Main residence spans the first and second floors with 5 bedrooms and 2 bathrooms; Basement unit includes 1 bedroom and 1 bathroom
