Three-Unit Residential Income
1604 5th Avenue Grinnell, IA 50112
For Sale
$133,500
MULTI_FAMILY - Grinnell, IA
Property Size2,435 SF
Lot Size0.35 Acres
Price / SF$54.83
Days on Market109
Property Features for 1604 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Basement
Full
Standard status
Active
APN
0473500
Size
2,435 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT B OF LOT 6 NE 16-80-16
Tax Annual Amount
1950
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
AE Realty, Inc
(641) 623-2639
Listed By:
Andy Erselius · License #***
(641) 226-2639
Added: Apr 13
Changed: Jul 18
Last Checked: Jul 30 at 1:06AM
MLS# 6337170
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 tri-plex offers three separate levels, each functioning as its own unit. The main floor is a 2-bedroom, 1-bath layout, the upper level provides a 3-bedroom, 1-bath unit (no photos provided yet), and the lower level is a 1-bedroom, 1-bath unit. The property is currently vacant, providing flexibility for the next owner to select tenants.
The building is located about seven blocks from downtown Grinnell and Grinnell College. Off-street parking is available, and the lot is described as large enough to potentially accommodate building a garage.
Recent monthly rent figures were provided for the units: $1,000 for the main floor, $950 for the upper unit, and $825 for the lower level.
The building is located about seven blocks from downtown Grinnell and Grinnell College. Off-street parking is available, and the lot is described as large enough to potentially accommodate building a garage.
Recent monthly rent figures were provided for the units: $1,000 for the main floor, $950 for the upper unit, and $825 for the lower level.
Key Highlights
- Large tri‑plex with three separate units, each level its own unit
- Most recent (2025) monthly rents: $1,000 main (2 bed/1 bath), $950 upper (3 bed/1 bath), $825 lower (1 bed/1 bath)
- Vacant for the next owner to choose tenants
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Tri-plex with three separate units and off-street parking on a large lot near downtown Grinnell.
Where is this triplex located?
The property is located at 1604 5th Avenue Grinnell, IA.
What is the asking price?
The asking price for this property is $133,500.
What are key features of this property?
This property features: Large tri‑plex with three separate units, each level its own unit; Most recent (2025) monthly rents: $1,000 main (2 bed/1 bath), $950 upper (3 bed/1 bath), $825 lower (1 bed/1 bath); Vacant for the next owner to choose tenants
