Grinnell, IA Residential Income Properties for Sale

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Oakland Acres, IA Kellogg, IA Montezuma, IA Lynnville, IA Sully, IA Laurel, IA Brooklyn, IA Newton, IA

9 properties

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Updated: Aug 24

Duplex with Detached Two-Car Garage

929 - 931 Spring Street, Grinnell, IA 50112

$159,900

1,541 sqft 0.17 AC lot

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
Newer roof, vinyl siding, and concrete sidewalk
Two blocks from downtown and the hospital

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Updated: Apr 13

Three-Unit Multifamily Property

1604 5th Avenue, Grinnell, IA 50112

$133,500

2,435 sqft 0.35 AC lot

Three independent apartments, with one unit on each floor
2435 square feet on a 0.35‑acre lot
Unit mix includes 2 bed/1 bath, 3 bed/1 bath, and 1 bed/1 bath apartments
Currently vacant for tenant selection
Seven blocks from downtown Grinnell and Grinnell College

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3-Unit Multifamily Property

1221 Main Street, Grinnell, IA 50112

$299,000

2,891 sqft 0.28 AC lot

The property includes a five-bedroom main residence plus one-bedroom basement and garage units.

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Mixed-Use Building with Apartments

925 Broad St, Grinnell, IA 50112

$825,000

10,000 sqft

Downtown property combines street-level commercial space with updated upper-floor apartments and tenant-paid heat, electric, and water.

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Mixed-Use Building with Apartments

925 Broad Street, Grinnell, IA 50112

$825,000

0.26 AC lot

Street-level commercial suites combine with updated apartments in a renovated brick and stone building.

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Renovated Four-Unit Quadplex

1132 Main Street, Grinnell, IA 50112

$349,900

3,858 sqft

Historic multifamily property with updated apartments, shared laundry, and walkable access to Grinnell College and downtown amenities.

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Mixed-Use Property Package

717 & 721 4th Avenue, Grinnell, IA 50112

$350,000

0.18 AC lot

Two-building offering combines occupied apartments with an operating tavern and included bar fixtures and inventory.

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3-Unit Multifamily Property

1221 Main St, Grinnell, IA 50112

$299,000

2,891 sqft

Two-story main residence with two additional apartments, a large yard, and parking accessed from the property and alley.

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Duplex With Detached Garage

929 - 931 Spring Street, Grinnell, IA 50112

Contact for pricing

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

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 9 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.

Updated Triplex Investment Property

415 E Main Street, Montezuma, IA 50171

$189,000

2,798 sqft 0.20 AC lot

Fully occupied three-unit property with separate utilities, individual HVAC systems, and laundry hookups in each unit.

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Updated Fully Occupied Triplex

415 E Main St, Montezuma, IA 50171

$189,000

2,798 sqft

Three separately metered units offer individual HVAC systems, kitchens, full baths, and laundry hookups.

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New Construction Duplex with Garage

2389 N 10 Avenue E, Newton, IA 50208

$390,000

1,452 sqft

Under-construction duplex featuring open living areas, a deck, central air, and low-maintenance exterior materials.

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New Construction Multifamily Property

2389 N 10th Ave E, Newton, IA 50208

$390,000

1,452 sqft

Two-bedroom, 2.5-bath home with open living areas in an HOA community.

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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.

Buildable Acreage on Paved Highway

9774 Highway 224 E, Kellogg, IA 50135

$250,000

10.00 AC lot

Build-ready 10-acre parcel with utilities at the street and direct paved highway access for rural homes or hobby farms.

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Residential Land in Brooklyn, Iowa

1288 Lakeshore Drive, Brooklyn, IA 52211

$58,000

0.21 AC lot

Residential land with utilities ready for development in Brooklyn, Iowa.

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Land in Arbor Estates

1020 E 26th Street N, Newton, IA 50208

$95,000

0.83 AC lot

Land in a fast-growing Newton community with outdoor enjoyment.

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Expansive Land Parcel with Views

New Sharon, 50207

$169,000

Large parcel ready for development near Sámara with mountain views.

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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.

MOBILE HOME PARK, TRAILER PARK

410 Washington Ave, Grinnell, IA 50112-2351

Estimated value:

$300,000

4.95 AC lot

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Multifamily properties

101 4Th Ave, Grinnell, IA 50112

Estimated value:

by Request

2.44 AC lot

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Multifamily properties

802 Reed St, Grinnell, IA 50112

Estimated value:

by Request

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MOBILE HOME PARK, TRAILER PARK

1510 1st Ave, Grinnell, IA 50112-2453

Estimated value:

$345,000

16.11 AC lot

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Grinnell, IA Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Grinnell, IA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 23,616 square feet of properties for sale, with an estimated market value of $3,241,300.

Sale prices for residential income properties in Grinnell, IA start at $133,500, averaging $405,162, and reaching up to $825,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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 average listing prices of real estate assets

Neighborhood	Average Price
50112	$405.2K

Taxes & Financing

Tax Rate (average for all types) 2.59%

Property Tax per SF $30.75 per SF

Tax Rate vs County Average 0.40 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Poweshiek County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Poweshiek County

Residential Income

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