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Two-Unit Duplex with Private Entrances
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1031 Elm Street, Grinnell, IA 50112

Tenant-occupied duplex with separately metered electric and shared gas heating.

Property SizeContact for details
Days on Market131

Property Features for 1031 Elm Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 2
Listing Agency: RE/MAX Partners Realty
Listed By: Harley Gilbert · License #102433175
Source: Crexi
Added: Apr 24 Changed: Aug 31 Last Checked: Aug 30 at 1:12PM

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 RE/MAX Partners Realty

Investment Insights

Based on property information with market context.

This up-and-down duplex contains two residential units, each arranged with 2 bedrooms, 1 bathroom, a private exterior entrance, a kitchen, and a living area. The basement provides laundry access for the main-floor residence. The property is currently tenant-occupied, and showings require 72-hour notice.

Building systems include one gas furnace serving both units and window A/C. Electric service is sub-metered to the tenants, while the landlord pays gas and water. The property sits directly across from Grinnell College and near downtown, placing the residences within close reach of both destinations.

Key Highlights

  • Two‑unit up‑and‑down duplex with 2 bedrooms and 1 bathroom in each residence
  • Private exterior entrance serves each unit
  • Directly across the street from Grinnell College and near downtown

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

Location Intelligence

Trade Area within ½ mile

608
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 - Tenant-occupied duplex with separately metered electric and shared gas heating.
Where is this duplex located?
The property is located at 1031 Elm Street Grinnell, IA.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex with 2 bedrooms and 1 bathroom in each residence; Private exterior entrance serves each unit; Directly across the street from Grinnell College and near downtown
(641) 519-0200 Call to check price and availability
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