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Duplex With Detached Garage
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929 - 931 Spring Street, Grinnell, IA 50112

Two residential units include a two-bedroom layout and a second unit with two bedrooms plus a bonus room.

Property SizeContact for details
Days on Market9

Property Features for 929 - 931 Spring Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily
Net Operating Income $12,700

Additional Details

Gross Income $19,800
Multifamily Units 2

Building Details

Year Built 1900
Stories 2
Units 2
Listing Agency: RE/MAX Partners Realty
Listed By: Matt Karjalahti · License #S68474000
Source: Crexi
Added: Aug 24 Changed: Aug 31 Last Checked: Aug 31 at 9:30AM

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 RE/MAX Partners Realty

Investment Insights

Based on property information with market context.

The two-unit residential property at 929 - 931 Spring Street was constructed in 1900. One residence includes two bedrooms, while the other combines two bedrooms with an additional bonus room that can function as an office, nursery, or living area. Recent improvements include a newer roof, siding, and concrete sidewalk.

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

Key Highlights

  • Two‑unit duplex with one two‑bedroom residence and a second two‑bedroom unit with bonus room
  • Newer roof, siding, and concrete sidewalk
  • Two‑car detached garage for off‑street parking or storage

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 two-bedroom layout and a second unit with two bedrooms plus a bonus room.
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 one two‑bedroom residence and a second two‑bedroom unit with bonus room; Newer roof, siding, and concrete sidewalk; Two‑car detached garage for off‑street parking or storage
(641) 519-0200 Call to check price and availability
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