Welcome to your next income-producing opportunity in the heart of Grinnell. This well-located up/down duplex sits directly across the street from Grinnell College and just steps from downtown—an ideal setting for consistent rental demand. Each unit offers 2 bedrooms and 1 bathroom with a private exterior entrance, providing privacy and tenant appeal. Both units feature spacious kitchens and comfortable living areas, while the basement includes laundry access for the main-floor unit. The property is currently tenant-occupied, delivering immediate cash flow. Utilities are efficiently structured with a single gas furnace serving both units, window A/C, and electric sub-metered to tenants. The landlord covers gas and water, while tenants pay electric. With a proven rental location, strong proximity to major employers and amenities, and solid unit layouts, this duplex presents a compelling investment for both new and seasoned investors. 72-hour notice required for all showings. Contact your local agent today to schedule a showing and add this well-positioned asset to your portfolio.
Discover this beautifully renovated multi-unit rental featuring a total of five apartments—perfect for students or young professionals seeking a convenient and comfortable living arrangement. The property includes two separate two-bedroom apartments and three one-bedroom apartments, all thoughtfully updated with fresh paint, modern flooring. Each unit offers ample space and privacy, making it an ideal college rental or investment property. The detached two-stall garage provides secure parking and additional storage, while recent upgrades include a new roof, gutters and downspouts extended underground to ensure durability and protection from the elements. The new cement sidewalks around the house and a brand-new deck enhance curb appeal and outdoor enjoyment. Located just minutes from Grinnell College and downtown Grinnell, this property combines convenience with comfort. Whether you're an investor looking for a steady rental income or a student seeking a nearby home, this turnkey property is ready for its new occupants. Don’t miss this opportunity to own a well-maintained, updated multi-family residence in a prime location! 100% occupied until Spring of 2027. Contact your agent for more details.
Investment Opportunity – Sunset Apartments, Grinnell, IA. Welcome to Sunset Apartments, a well-maintained multifamily investment property located on the northwest side of Grinnell, just north of Grinnell High School. This property features one multi-family building consisting of 14 two-bedroom residential units and 10 garage units. Each apartment is individually sub-metered for utilities, with all utilities tenant-paid, ensuring efficient management and predictable expenses. Additional income is generated through an on-site, owner-operated coin laundry conveniently located in the common area. The property also offers approximately 24 private parking spaces for tenants. Offering Memorandum available upon request. A Letter of Intent must be submitted and accepted by the Seller prior to scheduling any property tours.
Excellent investment opportunity in Grinnell, Iowa—this portfolio of 12 rental homes offers consistent rental income, strong occupancy, and solid growth potential. Located in established neighborhoods near schools, parks, and downtown, these properties are ideal for investors looking to expand or start a rental portfolio. The following Poweshiek County Parcels are included in the sale: 0725000; 0725100; 3211300; 0723300; 0763000; 0613700; 0766300; 0653800; 0570300; 0757100; 0808600; 0647600. A Letter of Intent must be submitted and accepted prior to any showings being scheduled. Don’t miss your chance to secure an income-producing asset in a great community—schedule a tour today.
Just YARDS, STEPS, LITERAL FEET, from Grinnell College, this spacious two-story duplex offers over 3,100 square feet of opportunity in a prime rental location. Originally built in 1882, the home blends vintage charm with versatile functionality, making it a great fit for investors or anyone looking to add value over time. One unit is currently leased, providing immediate income, while the second unit offers a flexible layout ready for your finishing touches. Hardwood floors run throughout much of the home, and there’s plenty of natural light and character to build on. With off-street parking and a history of strong rental demand, especially from the nearby college community, this property is a smart addition to your portfolio. Whether you’re looking to continue its use as a high-demand rental or re-imagine the space entirely, this property delivers on size, location, and potential. Call for your showing today!
Take a look at this beautiful three-story historic building, located in downtown Grinnell Iowa! Locally known as The Cornerstone building, this nine-unit investment property offers a unique mix of historical charm and modern conveniences. It is conveniently located in the heart of the downtown business district, within walking distance of retail and service shops, grocery stores, parks, restaurants and entertainment options, including The Strand movie theater. Close to Grinnell College campus, making this building a great option for students and faculty staff members. The nine units are made up of a variety of efficiency, studio, one-bedroom and two-bedroom options. Two of the units have private entrances and a top floor unit has a balcony overlooking Broad Street. The laundry room and a utility/storage room are conveniently located in the lower level. Additional information is available upon request, inquire today!
Discover this spacious and beautifully renovated four-square home, ideally located just a short walk from Grinnell College and downtown Grinnell. Perfect for students, faculty, or investors, this property offers a versatile living experience with four fully updated apartments. Historic Four-Square with spacious rooms, high ceilings, and timeless charm. Four Renovated Apartments each unit has been thoughtfully updated with newer finishes, offering comfortable and stylish living spaces. Recent upgrades include new plumbing, electrical systems, new paint throughout, updated bathrooms, ensuring reliability and efficiency. On-Site Laundry: Convenient laundry facilities available for tenants, adding to the property's appeal and convenience. Prime Location: Walkable to Grinnell College, downtown shops, dining, and entertainment, providing easy access to all amenities. Investment Opportunity: Ideal for rental income with multiple units, or as a spacious owner-occupied residence with rental income from additional units. This property combines historic character with modern updates, making it a fantastic opportunity for investors or those seeking a convenient, comfortable home near campus and downtown Grinnell.
Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Listings courtesy of NoCoast MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Grinnell is located in Iowa. Grinnell, Iowa has a population of 9,481. Grinnell is more family-centric than the surrounding county with 29.92% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Grinnell, Iowa is $49,045. The median household income for the surrounding county is $56,080 compared to the national median of $69,021. The median age of people living in Grinnell is 38.6 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 9.8 degrees. The average rainfall is approximately 36.6 inches per year, with 27.2 inches of snow per year.
