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    Grinnell, IA
    Residential Income

    Grinnell, IA Residential Income Properties for Sale

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    Oakland Acres, IA Malcom, IA Kellogg, IA Montezuma, IA Lynnville, IA Sully, IA Laurel, IA Newton, IA
    6 properties
    Grinnell Triplex with Income Potential
    Updated: May 6
    Grinnell Triplex with Income Potential

    1221 Main Street, Grinnell, IA 50112

    $299,000
    2,891 sqft 0.28 AC lot
    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.
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    Three-Unit Residential Income Property
    Updated: Apr 13
    Three-Unit Residential Income Property

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft 0.35 AC lot
    Large tri‑plex with three separate units, each level its own unit
    Most recent (2025) monthly rents: $1,000 main (2 bed/1 bath), $950 upper (3 bed/1 bath), $825 lower (1 bed/1 bath)
    Vacant for the next owner to choose tenants
    Off‑street parking available and a large lot with space to build a garage
    Frame construction with vinyl siding; shingle roof
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    Rental Home Portfolio
    Rental Home Portfolio

    725 Spring Street, Grinnell, IA 50112

    $1,415,000
    18,092 sqft 3.20 AC lot

    Portfolio sale includes 12 rental homes in Poweshiek County, with parcels 0725000 through 0647600 included.

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    Updated Duplex with Two Entrances
    Updated Duplex with Two Entrances

    711 7th Avenue, Grinnell, IA 50112

    $225,000
    2,312 sqft 0.11 AC lot

    Fully updated duplex offers two separate units, including off-street parking, for investor or owner-occupant buyers.

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    Renovated Quadplex Near Campus
    Renovated Quadplex Near Campus

    1132 Main Street, Grinnell, IA 50112

    $349,900
    3,858 sqft

    Updated four-unit four-square home with in-unit finishes and on-site laundry, offering flexible rental or owner-occupant options.

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    Downtown Multifamily and Bar Buildings
    Downtown Multifamily and Bar Buildings

    717 & 721 4th Avenue, Grinnell, IA 50112

    $350,000
    0.18 AC lot

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

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 6 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.

    Duplex Income Portfolio Opportunity
    Duplex Income Portfolio Opportunity

    204 N Main Street, Baxter, IA 50028

    $325,000
    2,616 sqft 0.21 AC lot

    For sale investor package includes 18 units across 9 duplex buildings in Baxter, Iowa.

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    Duplex Income Property Portfolio
    Duplex Income Property Portfolio

    200 N Main Street, Baxter, IA 50028

    $325,000
    2,616 sqft

    For sale as a 9-building, 18-unit duplex package in Baxter, IA, with inside photos similar across units.

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    Newton Iowa Multifamily Investment Opportunity
    Newton Iowa Multifamily Investment Opportunity

    305 East 25th Street North, Newton, IA 50208

    $250,000
    2,496 sqft 0.58 AC lot

    Multifamily property with four units in Newton, Iowa.

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    New Construction Duplex in Newton
    New Construction Duplex in Newton

    2389 N 10 Avenue E, Newton, IA 50208

    $390,000
    1,452 sqft

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

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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
    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
    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
    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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    Residential Lot in Central Marshalltown
    Residential Lot in Central Marshalltown

    1102 E Main Street, Marshalltown, IA 50158

    Contact for pricing
    0.18 AC lot

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

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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

    410 Washington Ave, Grinnell, IA 50112-2351

    Value Estimation by Request
    4.95 AC lot
    View details
    101 4Th Ave
    Multifamily properties

    101 4Th Ave, Grinnell, IA 50112

    Value Estimation by Request
    2.44 AC lot
    View details
    802 Reed St
    Multifamily properties

    802 Reed St, Grinnell, IA 50112

    Value Estimation by Request
    View details
    1510 1st Ave
    MOBILE HOME PARK, TRAILER PARK

    1510 1st Ave, Grinnell, IA 50112-2453

    Value Estimation by Request
    16.11 AC lot
    View details

    Grinnell, IA Residential Income Properties Market Trends and Statistics

    Explore 10 residential income properties for sale in Grinnell, IA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 29,588 square feet of properties for sale, with an estimated market value of $2,772,400.

    Sale prices for residential income properties in Grinnell, IA start at $133,500, averaging $462,066, 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 5
    Duplexes 2
    Triplexes 2
    Quadplexes 1
    Single family properties 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 $392.9K

    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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