3-Unit
For Sale
$129,500
1604 5th Avenue, Grinnell, IA 50112
Residential Income, Grinnell, IA
Property Size2,435 SF
Lot Size0.35 Acres
Price / SF$53.18
Days on Market201
Property Features for 1604 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Basement
Full
Directions
Use Google Maps https://maps.app.goo.gl/4wS5JqwS8VfGaBhq7
Standard status
Active
APN
0473500
Size
2,435 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT B OF LOT 6 NE 16-80-16
Tax Annual Amount
1950
Legal Description
LOT B OF LOT 6 NE 16-80-16
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Buildings
1
Listing Agency:
AE Realty, Inc
(641) 623-2639
Listed By:
Andy Erselius · License #B458265
(641) 226-2639
Added: Apr 13
Changed: Oct 29
Last Checked: Oct 30 at 5:06AM
MLS# 6337170
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.
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Investment Insights
Based on property information with market context.
This 2,435-square-foot triplex has one apartment on each of its three levels. The units comprise a main-floor two-bedroom, one-bath layout, an upper-level three-bedroom, one-bath layout, and a lower-level one-bedroom, one-bath layout. The building dates to 1900 and has frame construction with vinyl siding, forced-air heat, public water, and a shingle roof. All units are currently vacant.
The property occupies 0.35 acres in Grinnell, seven blocks from downtown and Grinnell College. Off-street parking is available on site, and the lot has room for a garage, according to the property details.
The property occupies 0.35 acres in Grinnell, seven blocks from downtown and Grinnell College. Off-street parking is available on site, and the lot has room for a garage, according to the property details.
Key Highlights
- Three separate apartments, one on each level
- 2,435 square feet of building area on a 0.35‑acre lot
- Unit mix: 2‑bedroom/1‑bath, 3‑bedroom/1‑bath, and 1‑bedroom/1‑bath
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Each floor contains a separate unit, and all three are vacant for a new owner to lease.
Where is this triplex located?
The property is located at 1604 5th Avenue Grinnell, IA.
What is the asking price?
The asking price for this property is $129,500.
What are key features of this property?
This property features: Three separate apartments, one on each level; 2,435 square feet of building area on a 0.35‑acre lot; Unit mix: 2‑bedroom/1‑bath, 3‑bedroom/1‑bath, and 1‑bedroom/1‑bath
