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    Grinnell, IA Residential Income Properties for Sale

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    Oakland Acres, IA Montezuma, IA Lynnville, IA
    7 listings
    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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    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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    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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    Downtown Multifamily and Bar Buildings
    $350,000
    0.18 Acres
    Downtown Multifamily and Bar Buildings

    Package sale includes occupied apartments and an operating tavern with bar fixtures included.

    717 & 721 4th Avenue, 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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    Up-Down Duplex with Private Entrances
    $172,000
    2,019 SF
    Up-Down Duplex with Private Entrances

    Two 2-bedroom units each with private exterior entrances, kitchen and living space, plus recent exterior and roof updates.

    1202 Main 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 19 Potential Opportunities for your consideration. Besides 7 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

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    Commercial/Industrial
    $179,900
    11,850 SF
    Commercial/Industrial

    Mixed-use properties · 11,850 SF

    15 S Center Street, Marshalltown, IA 50158

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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

    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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    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.

    Land in Arbor Estates
    $95,000
    0.83 Acres
    Land in Arbor Estates

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

    1020 E 26th Street N, Newton, IA 50208

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    Marshalltown Acreage Development Opportunity
    $200,000
    16.78 Acres
    Marshalltown Acreage Development Opportunity

    16.78 acres within city limits, suitable for residential development.

    LAND, Marshalltown, IA 50158

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    Residential Land in Newton, Iowa
    $35,000
    1.92 Acres
    Residential Land in Newton, Iowa

    Sprawling 1.92-acre lot ready for a new home.

    615 W 68th Street S, Newton, IA 50208

    View details
    Residential Lot in Central Marshalltown
    Contact for pricing
    0.18 Acres
    Residential Lot in Central Marshalltown

    Corner lot suitable for single-family, duplex, or condo development.

    1102 E Main Street, Marshalltown, IA 50158

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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

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    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 Residential Income Properties Investment Opportunities Market Analysis

    Explore 11 residential income properties for sale in Grinnell, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 32,449 square feet of properties for sale, with an estimated market value of $2,588,400.

    Sale prices for residential income properties in Grinnell, IA start at $133,500, averaging $431,400, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 6
    Duplexes 2
    Triplexes 2
    Apartment buildings 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 average 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 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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