929 - 931 Spring Street Grinnell, IA $ 159,900
929 - 931 Spring Street
$ 159,900
Recently Listed
Share Save

929 - 931 Spring Street

Grinnell, IA, 50112
$ 159,900
Baths0.0 Sq 1,541

Monthly Estimate*

$ 1,010

929 - 931 Spring Street, Grinnell, IA 50112 - Image 1
929 - 931 Spring Street, Grinnell, IA 50112 - Image 2
929 - 931 Spring Street, Grinnell, IA 50112 - Image 3
929 - 931 Spring Street, Grinnell, IA 50112 - Image 4
929 - 931 Spring Street, Grinnell, IA 50112 - Image 5
929 - 931 Spring Street, Grinnell, IA 50112 - Image 6
929 - 931 Spring Street, Grinnell, IA 50112 - Image 7
929 - 931 Spring Street, Grinnell, IA 50112 - Image 8
929 - 931 Spring Street, Grinnell, IA 50112 - Image 9
929 - 931 Spring Street, Grinnell, IA 50112 - Image 10
929 - 931 Spring Street, Grinnell, IA 50112 - Image 11
929 - 931 Spring Street, Grinnell, IA 50112 - Image 12
929 - 931 Spring Street, Grinnell, IA 50112 - Image 13
929 - 931 Spring Street, Grinnell, IA 50112 - Image 14
929 - 931 Spring Street, Grinnell, IA 50112 - Image 15
929 - 931 Spring Street, Grinnell, IA 50112 - Image 16
929 - 931 Spring Street, Grinnell, IA 50112 - Image 17
929 - 931 Spring Street, Grinnell, IA 50112 - Image 18
929 - 931 Spring Street, Grinnell, IA 50112 - Image 19
929 - 931 Spring Street, Grinnell, IA 50112 - Image 20
929 - 931 Spring Street, Grinnell, IA 50112 - Image 21
929 - 931 Spring Street, Grinnell, IA 50112 - Image 22
929 - 931 Spring Street, Grinnell, IA 50112 - Image 23
929 - 931 Spring Street, Grinnell, IA 50112 - Image 24
929 - 931 Spring Street, Grinnell, IA 50112 - Image 25
929 - 931 Spring Street, Grinnell, IA 50112 - Image 26
929 - 931 Spring Street, Grinnell, IA 50112 - Image 27
929 - 931 Spring Street, Grinnell, IA 50112 - Image 28
929 - 931 Spring Street, Grinnell, IA 50112 - Image 29
929 - 931 Spring Street, Grinnell, IA 50112 - Image 30
929 - 931 Spring Street, Grinnell, IA 50112 - Image 31
929 - 931 Spring Street, Grinnell, IA 50112 - Image 32
929 - 931 Spring Street, Grinnell, IA 50112 - Image 33
929 - 931 Spring Street, Grinnell, IA 50112 - Image 34
929 - 931 Spring Street, Grinnell, IA 50112 - Image 35
929 - 931 Spring Street, Grinnell, IA 50112 - Image 36
929 - 931 Spring Street, Grinnell, IA 50112 - Image 37
929 - 931 Spring Street, Grinnell, IA 50112 - Image 38
929 - 931 Spring Street, Grinnell, IA 50112 - Image 39
929 - 931 Spring Street, Grinnell, IA 50112 - Image 40
929 - 931 Spring Street, Grinnell, IA 50112 - Image 41
929 - 931 Spring Street, Grinnell, IA 50112 - Image 42
929 - 931 Spring Street, Grinnell, IA 50112 - Image 43
929 - 931 Spring Street, Grinnell, IA 50112 - Image 44
929 - 931 Spring Street, Grinnell, IA 50112 - Image 45
View a Virtual Tour
Studio

Multi-Family Home for sale in Grinnell, IA

for $159,900. This 1,541 square foot home was built in 1900 on a lot size of 0.17.

Welcome to an prime investment opportunity featuring strong occupancy history and extensive recent capital improvements, situated just two blocks from downtown and the hospital. This meticulously maintained duplex generates $19,800.00 in annual gross rents, making it an ideal asset for both seasoned investors and buyers looking to owner occupy. The property consists of two distinct residential units, including a comfortable two bedroom layout as well as a second unit offering two bedrooms plus a versatile bonus room that works perfectly as an office, nursery, or extra living space. Essential updates have already been completed, giving the next owner true peace of mind. Capitalizing on recent high value renovations, the property features a newer roof, siding, and concrete sidewalk. Beyond the main structure, the lot includes a two car detached garage with convenient alley access, providing highly desirable off street parking or extra storage. Prime central location; this asset provides occupancy, reduced near term maintenance expenses. and strong appeal driven by its walkability to major employers, dining, downtown Grinnell and Unity Point Medical Center. Schedule your private showing today to add this income generating property to your portfolio.

See more

Multi-Family Active

Price

$ 159,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,945

Style

Lot Size

0.17

Year Built

1900

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

6341948

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 2
Construction Materials Vinyl Siding
Year Built 1900
Stories Count 2
Property Subtype Duplex
Tax Year 2024
Gross Income 19800
Accessibility None
County Poweshiek
Net Operating Income 12700
Operating Expense 3350
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Status Active
Directions hwy 6 west to Spring st. South to address
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 7405.2
Tax Annual Amount 1945
Electric Expense 2400
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 150
Virtual Tour https://my.matterport.com/show/?m=f2cGhTBQg3Z
Living Area Units Square Feet
Standard Status Active
Legal Description WEST GRINNELL LOT 2 BLOCK 13
See more
Interior
Basement Partial
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
See more
Exterior
Water Source Public
Lot Dimensions 50X150
Lot Size Acres 0.17
See more
* Excluded Features
List By
Matthew Karjalahti

Listing Agent

Re/Max Partners Realty, Grinnell

Broker

matt@remaxcentralia.com

Email

Affordability Calculator

$1,172
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,010
Monthly Property Taxes
$162
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$159,900 Listed Price

Map


See all

929 - 931 Spring Street, Grinnell, IA, 50112 is a Multi-Family Home for sale at $159,900 with 1,541 sqft and a lot size of 0.17. 929 - 931 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