Grinnell Triplex Investment
1604 5th Avenue Grinnell, IA 50112
1604 5th Avenue, Grinnell, IA, 50112
$133,500
For Sale
$133,500
MULTI_FAMILY - Grinnell, IA
Property Size2,435 SF
Lot Size0.35 Acres
Price / SF$54.83
Days on Market96
Property Features for 1604 5th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Basement
- Full
- 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
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
Listing Agency
AE Realty, Inc
(641) 623-2639
321 E Main St, Suite 1, Montezuma, IA
Listed by
Andy Erselius · License #***
(641) 226-2639
Added: Apr 13 Checked: Jul 17 at 9:06 pm
MLS# 6337170
Listing URL
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 large triplex, situated seven blocks from downtown Grinnell and Grinnell College, presents a significant investment opportunity for both new and experienced investors. The property is currently vacant, allowing the new owner to select tenants. The most recent monthly rents in 2025 were $1,000 for the main floor unit (2 bed/1 bath), $950 for the upper unit (3 bed/1 bath), and $825 for the lower level unit (1 bed/1 bath). Each level comprises its own separate unit. Off-street parking is available, and the large 0.35-acre lot offers space to build a garage. The property size is 2,435 square feet and is located in Grinnell, Iowa.
Key Highlights
- Tri‑plex investment property near downtown Grinnell and Grinnell College.
- Vacant, allowing owner to select tenants and set rental rates.
- Potential for immediate rental income (previous rents: $1,000, $950, $825).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex near downtown Grinnell and college, great investment potential.
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: Tri‑plex investment property near downtown Grinnell and Grinnell College.; Vacant, allowing owner to select tenants and set rental rates.; Potential for immediate rental income (previous rents: $1,000, $950, $825).
