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Duplex with Remodeled Unit
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1016 Pearl Street, Grinnell, IA 50112

Two-unit property with individual utility metering, alley access, parking, and separate one-bedroom layouts.

Property SizeContact for details
Days on Market143

Property Features for 1016 Pearl Street

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Utilities to Site Yes
Listing Agency: Grinnell Realty LLC
Listed By: Robin Marcinik · License #B41370000
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grinnell Realty LLC

Investment Insights

Based on property information with market context.

This two-unit duplex at 1016 Pearl Street includes matching one-bedroom, one-bath layouts with a kitchen and living room in each unit. The north unit has undergone a comprehensive interior remodel covering the kitchen, bathroom, flooring, paint, and trim. The south unit includes laundry on the second floor with a washer and dryer, along with fresh interior paint and additional updates.

Utilities are individually metered, and occupants are responsible for their own utility service. The property also offers alley access and parking. Both units will remain unrented during the sale, allowing the next owner to determine the leasing arrangement. The property is located in Grinnell, Iowa 50112.

Key Highlights

  • Two‑unit duplex with one bedroom and one full bathroom per unit
  • North unit remodeled with updated kitchen, bath, flooring, paint, and trim
  • South unit includes second‑floor laundry with washer/dryer

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pharmacy HVAC Service Parking Lot & Garage Grocery & Convenience Store Bakery Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

813
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with individual utility metering, alley access, parking, and separate one-bedroom layouts.
Where is this duplex located?
The property is located at 1016 Pearl Street Grinnell, IA.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one full bathroom per unit; North unit remodeled with updated kitchen, bath, flooring, paint, and trim; South unit includes second‑floor laundry with washer/dryer
(641) 325-0002 Call to check price and availability
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