Triplex with Basement and Garage
For Sale
$299,000
1221 Main Street, Grinnell, IA 50112
MULTI_FAMILY - Grinnell, IA
Property Size2,891 SF
Lot Size0.28 Acres
Price / SF$103.42
Days on Market98
Property Features for 1221 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Basement
Partial, Finished
Directions
North off of I80, turn right on 8th Ave, turn right on Main st. second house on the right
Standard status
Active
APN
0616800
Size
2,891 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NORTH GRINNELL LOT 9 BLOCK 2
Tax Annual Amount
2314
Legal Description
NORTH GRINNELL LOT 9 BLOCK 2
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Century 21 Signature Real Estate
(641) 990-8441
Listed By:
Penny Gable · License #***
(641) 325-0010
Added: May 6
Changed: Aug 10
Last Checked: Aug 11 at 8:06PM
MLS# 6338061
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This triplex includes three separate living units. The main portion of the house is described as a five-bedroom, two-bath layout with a living room and kitchen, with space noted on the first and second floors. The basement unit is described as one bedroom and one bathroom. The garage is described as a separate one-bedroom, one-bath apartment.
Set on a 0.28-acre lot with a big yard, the property notes parking options both off the street and in the alley. Construction materials include vinyl siding, with forced air heating and public water. The property was built in 1900, and hail damage is noted as having been done. With multiple tenants currently in place and more photos expected after tenants move out, the property is intended for an investor setup using the units as separate rentals.
The unit-by-unit configuration supports flexible owner-occupant and rental arrangements, while the yard and parking layout add practical day-to-day convenience.
Set on a 0.28-acre lot with a big yard, the property notes parking options both off the street and in the alley. Construction materials include vinyl siding, with forced air heating and public water. The property was built in 1900, and hail damage is noted as having been done. With multiple tenants currently in place and more photos expected after tenants move out, the property is intended for an investor setup using the units as separate rentals.
The unit-by-unit configuration supports flexible owner-occupant and rental arrangements, while the yard and parking layout add practical day-to-day convenience.
Key Highlights
- Three‑unit triplex with a five‑bedroom, two‑bath main house plus a one‑bedroom basement unit and a one‑bedroom garage apartment
- 0.28‑acre lot with a big yard and parking off the street and in the alley
- 2,891 square feet total property size
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex features a main house plus a one-bedroom basement unit and a one-bedroom garage apartment.
Where is this triplex located?
The property is located at 1221 Main Street Grinnell, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit triplex with a five‑bedroom, two‑bath main house plus a one‑bedroom basement unit and a one‑bedroom garage apartment; 0.28‑acre lot with a big yard and parking off the street and in the alley; 2,891 square feet total property size
