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    502 2Nd St Griswold, IA 51535

    Pending
    For Sale
    $175,000

    Apartment - Griswold, IA

    Type:Apartment
    Lot size:
    0.14 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 502 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Pending
    APN
    360007880001000
    Parking features
    On Street
    Appliances
    Dryer, Refrigerator
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1903
    Number of units
    5
    Flooring type
    Carpet, Vinyl
    Building materials
    Block, Frame, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    Rubey Realty (712) 623-2724 [email protected]

    Listing agent Audie Rainey (712) 623-2724 License #***

    Listing date Dec 1, 2025

    MLS# 6325234 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

    Well-Maintained Griswold Multi-Unit Dwelling

    This is a well-maintained 5-plex multi-unit dwelling. Apartments 1, 4 and 5 are 1-bedroom/1-bathroom units, while apartments 2 and 3 feature 2-bedroom/1-bathroom layouts. A common laundry room/utility room is located in the basement, equipped with two washers and two dryers for apartments 1 through 3. Apartments 4 and 5 have washer and dryer hookups within their units. The owner provides water, sewer, and trash services for tenants, in addition to lawn maintenance and snow removal. Tenants are responsible for covering the costs of electricity, gas, and TV/internet services. Situated in Griswold, IA, this property represents an investment opportunity with professional property management already in place on a lot of 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    Cass
    State
    Iowa
    Longitude
    -95.142341
    Latitude
    41.23541

    FAQs

    What type of property is this?
    Apartment building - Professionally managed 5-plex with laundry and tenant-paid utilities.
    Where is this apartment building located?
    The property is located at 502 2Nd St Griswold, IA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Professionally managed 5-plex multi-unit dwelling.; - Mix of 1-bedroom and 2-bedroom units provides diverse rental options.; - Owner provides water, sewer, trash, lawn maintenance, and snow removal.
    (712) 623-2724
    Request Owner's contact information
    502 2Nd St Griswold, IA 51535
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    Griswold, IA 51535
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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
    502 2Nd St Griswold, IA 51535
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