Grinnell, IA Multifamily Homes & Duplexes for Sale

/35
$397,000
- 6 Beds
- 2.5 Baths
- 4,254 Sq Ft
802 & 804 High St, Grinnell, IA 50112

This stunning Italianate residence constructed as a single-family home in 1872 was converted into 802 and 804 High St in early 1900s. The historic property features side-by-side living units with separate addresses and period architectural features. Each unit boasts original Victorian arched windows, high ceilings and maple flooring and wide plank pine. Separate front, side, and back entrances

Kevin Kolbe

Ramsey Weeks Real Estate

(641) 427-4225

802 & 804 High St, Grinnell, IA 50112
/47
$295,000
- 2,976 Sq Ft
901 Main St, Grinnell, IA 50112

Captivating historic downtown corner building with commercial space and two apartments located in the heart of Grinnell. Known as the Corrough Building this fine example of turn of the century commercial design features a delicate corner "oriel" denticulated cornice stone lintels above tall windows and a striking brick elevation with stone detailing on the primary facade. The building has served

Matt Karjalahti

RE/MAX Partners Realty, Grinnell

(641) 346-4592

901 Main St, Grinnell, IA 50112
/22
$169,000
- 4 Beds
- 2 Baths
- 2,226 Sq Ft
903 East St, Grinnell, IA 50112

An outstanding investment property attractive to a wide audience, strategically located within two blocks of downtown Grinnell and Grinnell College. 903 East Street, with a separate interior entrance, is an upstairs three-bedroom, one bathroom apartment, with a full kitchen, living space, and washer/dryer within the apartment. The current lease allows the upstairs tenant use of the one car

Kevin Kolbe

Ramsey Weeks Real Estate

(641) 329-2971

903 East St, Grinnell, IA 50112
/26
$199,000
- 1,908 Sq Ft
1203 Main St, Grinnell, IA 50112

Excellent Investment Property. Are you thinking about getting into the world of rentals? Look no further this is the perfect starter property. The main floor is a 3 bedroom unit with a full bathroom, eat-in kitchen and living room.($1350.00 a month) The upstairs can either be a 2 bedroom, kitchen, living room and 3/4 bath or a 3 bedroom, kitchen and 3/4 bath.($950.00 a month) There is also a 2

Penny Gable TurnKey Realty LLC

1203 Main St, Grinnell, IA 50112
/35
$300,000
- Studio
- 4 Baths
- 3,200 Sq Ft
931 High St, Grinnell, IA 50112

Welcome to your next investment property in Grinnell! This side by side duplex is within one block of Grinnell College and will make a great addition to your portfolio. Each unit has 4 bedrooms and 2 bathrooms. Both of the units have a main floor bedroom with the remaining three bedrooms on the second floor. Each unit has a nice-sized kitchen and living room. There are full bathrooms on both

Bennett Wiltfang RE/MAX Partners Realty

931 High St, Grinnell, IA 50112
/38
$129,000
- 1,350 Sq Ft
1016 Pearl St, Grinnell, IA 50112

Looking for an affordable rental property. 2 Units each with 1 bedroom 1 full bath, kitchen and living room. North unit has been totally remolded Kitchen, bath, flooring paint and trim. South unit has laundry includes the washer/dryer on second floor. Alley access with parking. Both units will not be rented during the sale. South tenants will be moving on May 1st. 2025. Seller will be painting

Robin Marcinik Grinnell Realty LLC

1016 Pearl St, Grinnell, IA 50112
/4
$149,500
- 2,560 Sq Ft
1604 5th Ave, Grinnell, IA 50112

Come see this large tri-plex income property, located just six blocks from Grinnell College. Nestled in a residential area, the home consists of rental units in the lower level, main floor and the second story. The top floor unit provides three bedrooms, the main level has two bedrooms and the lower level has one bedroom. Tenants appreciate having a nice front deck and a very large backyard. The

Dedee Lehman All In Real Estate Inc

1604 5th Ave, Grinnell, IA 50112
/13
$1,650,000
- Studio
- 22 Baths
- 10,038 Sq Ft
1629 Sunset St, Grinnell, IA 50112

Calling all Investors - Rare opportunity to acquire an Apartment Portfolio in Grinnell, IA! The portfolio has 22 multifamily and 3 commercial units. Downtown Main Street is 1 mixed-use building with 8 residential units and 3 commercial units. There are (2) 1 bedroom, (5) 2 bedroom, and (1) 3 bedroom residential units. Additionally, there are 3 commercial suites on the main floor. Coin Laundry is

Bennett Wiltfang RE/MAX Partners Realty

1629 Sunset St, Grinnell, IA 50112

Iowa Grinnell

Why Live in Grinnell

In the early 1900s, Grinnell was at the epicenter of automotive production for east-central Iowa, thanks to the arrival of the Spaulding Manufacturing Company. Today, life is centered around Grinnell College, which serves over 1,700 students in the heart of the city. With a population of over 9,000, Grinnell is the largest city in Poweshiek County and is an hour away from Des Moines and Iowa City. Rated an A-minus overall and named amongst the top 40 best places to live in Iowa by Niche.com, residents can see why this tight-knit community is ni ...

Learn more about living in Grinnell

Home Trends in Grinnell, IA

On average, homes in Grinnell, IA sell after 92 days on the market compared to the national average of 49 days. The median sale price for homes in Grinnell, IA over the last 12 months is $198,000, down 13% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$198,000

Median Single Family Sale Price

$200,000

Median Townhouse Sale Price

$189,000

Median 2 Bedroom Sale Price

$159,000

Median 1 Bedroom Sale Price

$83,000

Average Price Per Sq Ft

$141

Number of Homes for Sale

Last 12 months Home Sales

140

Months of Supply

3.50

Median List Price

$219,250

Median Change From 1st List Price

Median Home Sale Price YoY Change

-13%

How to Buy a Home How to Finance a Home How to Sell a Home

In Grinnell, there are currently 8 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $129,000 to $1,650,000, there's a range to accomodate every budget. As of June, 2025 the median home price in Grinnell is $219,250, while the average sale price is $221,448, offering insights into the local housing market. On average, multi-family homes spend 92 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Grinnell, IA.

Grinnell Types of Homes for Sale

Grinnell Homes for Sale

More About Living in Grinnell

Multi-Family Homes in Nearby Cities

Newton Homes for Sale

Multi-Family Homes in Nearby Counties

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