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1126 Broad Street Grinnell, IA $ 199,000
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$ 199,000 Get more info
1126 Broad Street
$ 199,000
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Share Save

1126 Broad Street

Grinnell, IA, 50112
$ 199,000
Baths0.0 Sq 3,154

Monthly Estimate*

$ 1,242

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Studio

Multi-Family Home for sale in Grinnell, IA

for $199,000. This 3,154 square foot home was built in 1882 on a lot size of 0.28.

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!

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Multi-Family Active

Price

$ 199,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,450

Style

Lot Size

0.28

Year Built

1882

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

6330372
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1882
Stories Count 2
Property Subtype Duplex
Tax Year 2024
Gross Income 1750
Accessibility None
County Poweshiek
Operating Expense 0
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Status Active
Directions Head East on HWY 6 turn North on Broad St. Property will be on the right
Association Name MIR
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 12196.8
Tax Annual Amount 2450
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description NORTH GRINNELL LOT 5 BLOCK 7
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Interior
Basement Full Unfinished
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 75X165
Lot Size Acres 0.28
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* Excluded Features
List By
Matthew Karjalahti

Listing Agent

Re/Max Partners Realty, Grinnell

Broker

matt@remaxcentralia.com

Email

Affordability Calculator

$1,446
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,242
Monthly Property Taxes
$204
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/1/2025$199,000 Listed Price

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1126 Broad Street, Grinnell, IA, 50112 is a Multi-Family Home for sale at $199,000 with 3,154 sqft and a lot size of 0.28. 1126 Broad Street is a studio with 0.0 baths and was built in 1882. The property's zip code is 50112 which is in Grinnell, IA

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