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5-Unit Apartment Building with Garage
For Sale
$334,900

920 High Street, Grinnell, IA 50112

Five apartments include a mix of one- and two-bedroom layouts, with a detached garage for parking and storage.

Property Size4,522 SF
Price / SF$74.06
Days on Market289

Property Features for 920 High Street

General Information

Standard status Active
Size 4,522 SF
Total Parking Spaces 2
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 2 x 2BR, 3 x 1BR
Multifamily Units 5

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,822

Amenities

deck

Building Details

Building Size 4,522 SF
Year Built 1900
Units 5
Listing Agency: Century 21 Signature Real Estate
Listed By: Penny Gable · License #***
Source: Davisandpalmer
Added: Jan 9 Changed: Oct 23 Last Checked: Oct 23 at 5:43PM

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 Century 21 Signature Real Estate

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Investment Insights

Based on property information with market context.

This apartment property contains five units: two two-bedroom apartments and three one-bedroom apartments, totaling 4,522 square feet. Updates include fresh paint and modern flooring, along with a new roof and gutters. The detached two-stall garage adds parking and storage, while new cement sidewalks and a deck provide additional exterior improvements. Built in 1900, the property offers a mix of smaller and larger apartment layouts.

At 920 High Street in Grinnell, the property is minutes from Grinnell College and downtown Grinnell. All units are occupied through Spring 2027.

Key Highlights

  • Five apartments: two two‑bedroom units and three one‑bedroom units
  • 4,522 square feet of apartment space
  • Detached two‑stall garage for parking and storage

Property Analytics

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Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

658
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five apartments include a mix of one- and two-bedroom layouts, with a detached garage for parking and storage.
Where is this apartment building located?
The property is located at 920 High Street Grinnell, IA.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Five apartments: two two‑bedroom units and three one‑bedroom units; 4,522 square feet of apartment space; Detached two‑stall garage for parking and storage
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