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    Grinnell, IA Triplexes for Sale

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    Oakland Acres, IA Kellogg, IA Montezuma, IA
    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
    $138,000
    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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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Grinnell, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    New Multifamily Property in Hiawatha
    $850,000
    5,250 SF

    New Multifamily Property in Hiawatha

    Newly constructed triplex with immediate income and strong hold potential.

    225 Clymer Road, Hiawatha, IA 52233
    View details
    Updated Triplex in Des Moines
    $275,000
    2,013 SF

    Updated Triplex in Des Moines

    Turnkey investment property with updated units and cash-flow potential.

    900 Morton Avenue, Des Moines, IA 50316
    View details
    Well-Maintained Three-Plex in Des Moines
    $220,000
    2,328 SF

    Well-Maintained Three-Plex in Des Moines

    Updated three-plex with strong rental potential, ideal for investors.

    1349 E 12 Street, Des Moines, IA 50316
    View details
    Multifamily Triplex in Hiawatha
    $850,000
    5,250 SF

    Multifamily Triplex in Hiawatha

    Multifamily property featuring three units in Hiawatha, Iowa.

    225 Clymer Rd, Hiawatha, IA 52233
    View details

    Grinnell, IA Triplexes Investment Opportunities Market Analysis

    Explore 2 triplexes for sale in Grinnell, IA on our real estate platform. These investment opportunities span a total of 5,326 square feet of properties for sale, with an estimated market value of $437,000.

    Sale prices for three-family homes in Grinnell, IA start at $138,000, averaging $218,500, and reaching up to $299,000 — 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

    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 $218.5K

    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%

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