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    1629 Sunset St Grinnell, IA 50112

    For Sale
    $875,000

    Apartment - Grinnell, IA

    Type:Apartment
    Property size:
    10,038 SF
    Lot size:
    0.76 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 1629 Sunset St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    3259900
    Size
    10,038 SF
    Lot size
    0.76 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1989
    Number of units
    14
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Partners Realty, Marshalltown (641) 519-0200

    Listing agent Bennett Wiltfang (641) 236-6683 License #***

    Listing date Nov 2, 2025

    MLS# 6333188 Listing URL

    Copyright © 2025 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.

    Overview

    Grinnell Multifamily Investment Opportunity

    Sunset Apartments presents an investment opportunity in Grinnell, Iowa. This well-maintained multifamily property is situated on the northwest side of Grinnell, north of Grinnell High School. The property includes one multi-family building featuring 14 two-bedroom residential units and 10 garage units. Each apartment is individually sub-metered for utilities, with all utilities tenant-paid. An on-site, owner-operated coin laundry is located in the common area. The property also offers approximately 24 private parking spaces for tenants. The property size is 10038 square feet and the lot size is 0.76 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grinnell
    County
    Poweshiek
    State
    Iowa
    Longitude
    -92.738078
    Latitude
    41.754316

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 14-unit apartment building with garages and tenant-paid utilities.
    Where is this apartment building located?
    The property is located at 1629 Sunset St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - 14 two-bedroom residential units offer substantial rental income potential.; - Tenant-paid utilities (individually sub-metered) for efficient management and predictable expenses.; - 10 garage units provide additional income streams.
    (641) 236-6683
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    Grinnell, IA 50112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1629 Sunset St Grinnell, IA 50112
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