Grinnell, IA Multifamily Homes & Duplexes for Sale

/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
Explore Grinnell
/47
$199,000
- 3,154 Sq Ft
1126 Broad St, Grinnell, IA 50112

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

Matt Karjalahti

RE/MAX Partners Realty, Grinnell

(641) 321-6947

1126 Broad St, Grinnell, IA 50112
/32
$172,000
- 2,019 Sq Ft
1202 Main St, Grinnell, IA 50112

Welcome to your next investment property in Grinnell! This up and down duplex is within one block of Grinnell College and downtown Grinnell. Each 2 bedroom, 1 bathroom unit has a private exterior entrance. Both units have a nice-sized kitchen and living room. The kitchens and bathrooms of each unit have undergone some remodeling. The upstairs unit has fresh interior paint and laundry is located

Bennett Wiltfang RE/MAX Partners Realty, Grinnell

1202 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
/36
$369,900
- 3,858 Sq Ft
1132 Main St, Grinnell, IA 50112

Discover this spacious and beautifully renovated four-square home, ideally located just a short walk from Grinnell College and downtown Grinnell. Perfect for students, faculty, or investors, this property offers a versatile living experience with four fully updated apartments. Historic Four-Square with spacious rooms, high ceilings, and timeless charm. Four Renovated Apartments each unit has

Joyce Halblom TurnKey Realty LLC

1132 Main 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
/38
$122,500
- 1,350 Sq Ft
1016 Pearl St, Grinnell, IA 50112

PRICE REDUCE!!! 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. North side has not been rented since it was remodeled rent on North side would be $700.00 a month. South unit was rented for $650.00 in 2025 this unit has laundry and includes the washer/dryer

Robin Marcinik Grinnell Realty LLC

1016 Pearl St, Grinnell, IA 50112
/4
$138,000
- 2,435 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 Poweshiek County Grinnell

Why Live in Grinnell

Grinnell, IA, known as "The Jewel of the Prairie," is a small city with a population of over 9,000, centered around Grinnell College. Located an hour from Des Moines and Iowa City, Grinnell is the largest city in Poweshiek County. The Grinnell-Newburg Community School District is highly rated, and Grinnell College is recognized as the best liberal arts college in Iowa. The city features diverse housing options, including Victorian, contemporary, ranch-style houses, bungalows, and split-level homes, with a growing number of apartment complexes on the western end. Downtown Grinnell boasts over 50 shops and nearly 30 restaurants, including Solera wine bar and Pagliai's pizzeria. Local grocery stores such as Hy-Vee, Fareway, and McNally's Foods cater to residents' needs. Grinnell is rich in history, with around 15 sites on the National Register of Historic Places, including the Merchant's National Bank designed by Louis Sullivan. The Grinnell Historical Museum and the Grinnell College Museum of Art highlight the city's cultural heritage. The city has nine public parks and three aquatic centers, with Ahrens/Paschall Memorial Park offering multiple sports fields. Community events, like the Music In The Park series, are organized by the Grinnell Area Arts Council. Grinnell experiences mild summers and freezing winters, with average summer highs of 82 degrees and winter lows of 18 degrees. Crime rates in Grinnell are below state and national averages, contributing to a safer environment. The city is accessible via Interstate 80 and has public transit through PeopleRides, with three commercial airports an hour away.

Learn more about living in Grinnell

Home Trends in Grinnell, IA

On average, homes in Grinnell, IA sell after 51 days on the market compared to the national average of 70 days. The median sale price for homes in Grinnell, IA over the last 12 months is $215,000, down 42% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$215,000

Median Single Family Sale Price

$290,000

Median 2 Bedroom Sale Price

$196,000

Average Price Per Sq Ft

$153

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.00

Median List Price

$224,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-42%

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

In Grinnell, there are currently 9 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $122,500 to $1,650,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Grinnell is $224,000, while the average sale price is $238,460, offering insights into the local housing market. On average, multi-family homes spend 51 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

More About Living in Grinnell

Homes in Nearby Counties

Poweshiek County Homes for Sale

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