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Duplex with Detached Two-Car Garage
New
For Sale
$159,900

929 - 931 Spring Street, Grinnell, IA 50112

Residential Income, Grinnell, IA

Property Size1,541 SF
Lot Size0.17 Acres
Price / SF$103.76
Days on Market2

Property Features for 929 - 931 Spring Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Basement Partial
Directions hwy 6 west to Spring st. South to address
Standard status Active
APN 0548200
Size 1,541 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description WEST GRINNELL LOT 2 BLOCK 13
Tax Annual Amount 1945
Legal Description WEST GRINNELL LOT 2 BLOCK 13

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Listing Agency: RE/MAX Partners Realty, Grinnell
Listed By: Matthew Karjalahti · License #B60759000
Added: Aug 24 Last Checked: Aug 25 at 9:06AM
MLS# 6341948

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 1,541-square-foot duplex includes two residential units: one with two bedrooms and another with two bedrooms plus a bonus room. The additional room can serve as an office, nursery, or extra living area. The property also includes vinyl siding, forced-air heating, public water, a newer roof, and a newer concrete sidewalk. Built in 1900, the home has received substantial recent improvements.

A detached two-car garage provides off-street parking or storage and is reached from the alley. The property is located two blocks from downtown and the hospital, with walkable access to dining, major employers, downtown Grinnell, and Unity Point Medical Center.

Key Highlights

  • Two‑unit duplex with 1,541 square feet
  • Unit mix includes two bedrooms in each unit, plus a bonus room in one
  • Detached two‑car garage with alley access

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pharmacy HVAC Service Parking Lot & Garage Grocery & Convenience Store Bakery Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

808
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units include a bonus room and alley-access parking.
Where is this duplex located?
The property is located at 929 - 931 Spring Street Grinnell, IA.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,541 square feet; Unit mix includes two bedrooms in each unit, plus a bonus room in one; Detached two‑car garage with alley access
More about this property
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