1604 5th Avenue Grinnell, IA ^$ 138,000

1604 5th Avenue

^$ 138,000

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Recently Listed

1604 5th Avenue

Grinnell, IA, 50112

^$ 138,000

Studio Baths0.0 Sq 2,435

Monthly Estimate*

^$ 850

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Studio

Multi-Family Home for sale in Grinnell, IA

for $138,000. This 2,435 square foot home was built in 1900 on a lot size of 0.35.

Large tri-plex located just seven blocks from downtown Grinnell and Grinnell College makes this investment property is a great opportunity for new or seasoned investors. Currently vacant for the next owner to choose tenants. The most recent (2025) monthly rents were $1,000 (main floor 2 bed/1 bath, $950 (upper 3 bed/1 bath), and $825 (lower level 1 bed/1bath). Each level is it's own unit. There is off street parking available and a large lot present space to build a garage. Upper unit has no photos yet. Call today to schedule a private showing.

Multi-Family Active

Price

^$ 138,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,950

Style

Lot Size

0.35

Year Built

1900

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

6337170

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Roof Shingle

Garage Spaces 0

Construction Materials Frame Vinyl Siding

Year Built 1900

Electric Circuit Breakers

Stories Count 2

Property Subtype Triplex

Tax Year 2024

Gross Income 33300

Accessibility None

County Poweshiek

Net Operating Income 19340

Operating Expense 0

Property Type Residential Income

Association Amenities Deck

Contingency None

MaintenanceExpense 1000

Status Active

Directions Use Google Maps https://maps.app.goo.gl/4wS5JqwS8VfGaBhq7

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 15246

Tax Annual Amount 1950

Electric Expense 1950

Fuel Expense 1950

Trash Expense 900

Water Sewer Expense 2760

Living Area Units Square Feet

Standard Status Active

Legal Description LOT B OF LOT 6 NE 16-80-16

Interior

Basement Full

Total Fireplaces 0

Fireplace Y/N N

Below Grade Finished Area 675

Total Baths 0

Exterior

Water Source Public

Lot Dimensions 170x90

Lot Size Acres 0.35

* Excluded Features

List By

Andy Erselius

Listing Agent

Ae Realty, Inc

Broker

641-623-2639

Contact

Affordability Calculator

$1,012

Per Month

Monthly Principal & Interest: $850
Monthly Property Taxes: $163
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Grinnell, IA

Average List Price ^$600,971

Percent of Sale Price 335%

About Grinnell, IA

9,025 Population

-2% Since 2002

^$47,388 Median Income

34.04 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/13/2026	$138,000		Listed Price

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1604 5th Avenue, Grinnell, IA, 50112 is a Multi-Family Home for sale at $138,000 with 2,435 sqft and a lot size of 0.35. 1604 5th Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 50112 which is in Grinnell, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 4/18/2026.

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1604 5th Avenue

Multi-Family Home for sale in Grinnell, IA

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