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    725 Spring St Grinnell, IA 50112

    Sponsored
    For Sale
    $1,415,000

    MULTI_FAMILY - Grinnell, IA

    Property size:
    18,092 SF
    Lot size:
    3.20 Acres
    Days on Market:
    144
    Last Refresh:
    Jan 7 at 12:06 am

    Property Features for 725 Spring St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    0570300 ; 0725000;0725100
    Basement
    Full
    Size
    18,092 SF
    Lot size
    3.20 Acres

    Utilities

    Heating system
    Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    20
    Building materials
    Metal Siding, Vinyl Siding, Wood Siding

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

    Listing agent Bennett Wiltfang (641) 236-6683

    Listing date Aug 17, 2025

    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 Iowa Multifamily Investment Portfolio

    This portfolio of 12 rental homes presents an investment opportunity in Grinnell, Iowa. The properties are located in established neighborhoods, with proximity to schools, parks, and downtown. The properties included in the sale are Poweshiek County Parcels 0725000, 0725100, 3211300, 0723300, 0763000, 0613700, 0766300, 0653800, 0570300, 0757100, 0808600, and 0647600. The properties offer consistent rental income, strong occupancy, and growth potential. The total property size is 18092 square feet on a 3.2-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -92.729118
    Latitude
    41.741309

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    FAQs

    What type of property is this?
    Apartment building - Portfolio of 12 rental homes with strong income potential.
    Where is this apartment building located?
    The property is located at 725 Spring St Grinnell, IA.
    What is the asking price?
    The asking price for this property is $1,415,000.
    What are key features of this property?
    This property features: - Portfolio of 12 rental homes offering consistent rental income.; - Located in established neighborhoods near schools, parks, and downtown Grinnell, Iowa.; - Strong occupancy and solid growth potential.
    (641) 519-0200
    Request Owner's contact information
    725 Spring St 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
    725 Spring St Grinnell, IA 50112
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