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    Grinnell, IA Multifamily Properties for Sale

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    Oakland Acres, IA Kellogg, IA Montezuma, IA
    Grinnell Triplex Investment Opportunity
    $133,500
    2,435 SF
    Grinnell Triplex Investment Opportunity

    1604 5th Avenue, Grinnell, IA 50112

    Triplex near downtown Grinnell and college, great investment potential.
    • 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).
    • Three separate units: 2 bed/1 bath, 3 bed/1 bath, and 1 bed/1 bath.
    • Off‑street parking available.
    Updated: Apr 13
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    Grinnell Triplex with Income Potential
    $299,000
    2,891 SF
    Grinnell Triplex with Income Potential

    1221 Main Street, Grinnell, IA 50112

    Three-unit property in Grinnell, ideal for investors or owner-occupants.
    • Multi‑unit property: Main 5‑bedroom unit with a 1‑bedroom basement apartment and a 1‑bedroom garage apartment.
    • Income potential: Live in the main unit, Air BNB the basement, and rent out the garage.
    • Large yard with off‑street and alley parking.
    • Vinyl siding construction.
    • Forced air heating.
    Updated: May 6
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    Spacious Duplex Near Grinnell College
    $199,000
    3,154 SF
    Spacious Duplex Near Grinnell College

    Two-story duplex near Grinnell College with rental income potential.

    1126 Broad Street, Grinnell, IA 50112

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    Grinnell Iowa Multifamily Investment Portfolio
    $1,415,000
    18,092 SF
    Grinnell Iowa Multifamily Investment Portfolio

    Portfolio of 12 rental homes with strong income potential.

    725 Spring Street, Grinnell, IA 50112

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    Renovated Four-Square Near Grinnell College
    $369,900
    3,858 SF
    Renovated Four-Square Near Grinnell College

    Spacious, renovated four-unit property near Grinnell College and downtown.

    1132 Main Street, Grinnell, IA 50112

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 5 Active listings in Grinnell, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Marshalltown Duplex: Investment Opportunity
    $232,500
    2,857 SF
    Marshalltown Duplex: Investment Opportunity

    Clean, move-in ready duplex with rental income potential.

    2307 Maple Boulevard, Marshalltown, IA 50158

    View details
    Newton Iowa Multifamily Investment Opportunity
    $275,000
    2,496 SF
    Newton Iowa Multifamily Investment Opportunity

    Multifamily property with four units in Newton, Iowa.

    305 East 25th Street North, Newton, IA 50208

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    New Construction Duplex in Newton
    $390,000
    1,452 SF
    New Construction Duplex in Newton

    New 2-bedroom, 2.5-bathroom duplex in a quiet cul-de-sac.

    2389 N 10 Avenue E, Newton, IA 50208

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    Marshalltown Redevelopment Opportunity
    Contact for pricing
    231,400 SF
    Marshalltown Redevelopment Opportunity

    306,655 SF facility on 7 acres for mixed-use redevelopment.

    405 E Main St, Marshalltown, IA 50158

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lake Thunderhead Camper Lot
    $127,900
    0.34 Acres
    Lake Thunderhead Camper Lot

    Camper lot at Lake Thunderhead, steps from water and amenities.

    24114 Arrow Wood Court, Unionville, MO 63565

    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing
    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065

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    Bethany Land Ready For Development
    $300,000
    10.00 Acres
    Bethany Land Ready For Development

    10-acre commercial property with development potential near I-35.

    0 N 41st St, Bethany, MO 64424

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    Residential Lot in Wellsville, MO
    Contact for pricing
    0.17 Acres
    Residential Lot in Wellsville, MO

    Ready-to-build residential lot in a charming small town.

    412 Washington Street, Wellsville, MO 63384

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    Off-Market Properties in Grinnell, IA

    Consider similar Off-Market properties in Grinnell, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    410 Washington Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 4.95 Acres
    Value Estimation by Request

    410 Washington Ave, Grinnell, IA 50112-2351

    View details
    101 4Th Ave
    Multifamily properties
    Lot: 2.44 Acres
    Value Estimation by Request

    101 4Th Ave, Grinnell, IA 50112

    View details
    802 Reed St
    Multifamily properties
    Value Estimation by Request

    802 Reed St, Grinnell, IA 50112

    View details
    1510 1st Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 16.11 Acres
    Value Estimation by Request

    1510 1st Ave, Grinnell, IA 50112-2453

    View details

    Grinnell, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 9 multifamily properties for sale in Grinnell, IA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 30,430 square feet of properties for sale, with an estimated market value of $2,416,400.

    Sale prices for multifamily properties in Grinnell, IA start at $133,500, averaging $483,280, and reaching up to $1,415,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Triplexes 2
    Apartment buildings 1
    Duplexes 1
    Quadplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +0.0%
    Median Household Income $64,707
    College Educated 54.6%

    High-Yield Neighborhoods for Investment

    Identify Grinnell submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    50112 $484.2K

    Taxes & Financing

    Tax Rate (average for all types) 2.59%
    Property Tax per SF $30.75 per sq ft
    Tax Rate vs County Average 0.40 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Residential Income

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