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725 Spring Street Grinnell, IA $ 1,415,000
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$ 1,415,000 Get more info
725 Spring Street
$ 1,415,000
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725 Spring Street

Grinnell, IA, 50112
$ 1,415,000
Baths0.0 Sq 18,092

Monthly Estimate*

$ 8,828

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Studio

Multi-Family Home for sale in Grinnell, IA

for $1,415,000. This 18,092 square foot home was built in 1900 on a lot size of 3.2.

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.

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Multi-Family Active

Price

$ 1,415,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,184

Style

Lot Size

3.2

Year Built

1900

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

6330821
Features
General
Sewer City Sewer/Connected
Heating Baseboard Forced Air
Garage Spaces 7
Architectural Style Other
Construction Materials Metal Siding Vinyl Siding Wood Siding
Year Built 1900
Stories Count 2
Tax Year 2023
Gross Income 0
Accessibility None
County Poweshiek
Operating Expense 0
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Status Active
Directions Follow GPS.
Association Name MIR
Number Of Units Total 20
Lot Size Units Acres
Lot Size Square Feet 139392
Tax Annual Amount 15184
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description WEST GRINNELL S 1/2 LOT 1 & S 1/2 E 20' LOT 2 BLOCK 27 AND GRINNELL LOT 4 BLOCK 26 AND EAST GRINNELL S 40' LOT 7 & N 10' LOT 8 BLOCK 4 AND BAILEYS LOTS 11 & 12 BLOCK 2
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Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 73.75 x 60.00
Lot Size Acres 3.2
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* Excluded Features
List By
Bennett Wiltfang

Listing Agent

Re/Max Partners Realty, Grinnell

Broker

bennett@remaxcentralia.com

Email

Affordability Calculator

$10,093
Per Month
87%
13%
0%
Monthly Principal & Interest
$8,828
Monthly Property Taxes
$1,265
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
8/14/2025$1,415,000 Listed Price

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725 Spring Street, Grinnell, IA, 50112 is a Multi-Family Home for sale at $1,415,000 with 18,092 sqft and a lot size of 3.2. 725 Spring Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 50112 which is in Grinnell, IA

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