Three-Unit Multifamily
For Sale
$133,500
1604 5th Avenue, Grinnell, IA 50112
Vacant three-level property with separate residential units and off-street parking near downtown and Grinnell College.
Property Size2,435 SF
Price / SF$54.83
Days on Market127
Property Features for 1604 5th Avenue
General Information
Standard status
Active
Size
2,435 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,950
Amenities
off street parking
Building Details
Building Size
2,435 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
AE Realty, Inc
(641) 226-2639
Listed By:
Andy Erselius · License #***
(641) 226-2639
Source:
Sweeneyrealestate
Added: Apr 13
Changed: Aug 16
Last Checked: Aug 16 at 3:51PM
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 AE Realty, Inc
Investment Insights
Based on property information with market context.
Built in 1900, this 2,435-square-foot triplex contains one residential unit on each level. The main-floor unit offers two bedrooms and one bathroom, while the upper unit includes three bedrooms and one bathroom. The lower-level residence has one bedroom and one bathroom. All three units are currently vacant, allowing the next owner to establish occupancy and leasing arrangements.
The property is located seven blocks from downtown Grinnell and Grinnell College. Off-street parking is available, and the lot includes space identified for a future garage. The three-level configuration and distinct unit layouts provide a straightforward multifamily setup within an established residential property.
The property is located seven blocks from downtown Grinnell and Grinnell College. Off-street parking is available, and the lot includes space identified for a future garage. The three-level configuration and distinct unit layouts provide a straightforward multifamily setup within an established residential property.
Key Highlights
- Triplex with 2,435 SF across three residential levels
- Three separate units, with one residence on each floor
- Unit mix includes 2 bed/1 bath, 3 bed/1 bath, and 1 bed/1 bath layouts
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
594
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 - Vacant three-level property with separate residential units and off-street parking near downtown and Grinnell College.
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 $133,500.
What are key features of this property?
This property features: Triplex with 2,435 SF across three residential levels; Three separate units, with one residence on each floor; Unit mix includes 2 bed/1 bath, 3 bed/1 bath, and 1 bed/1 bath layouts
