1604 5th Avenue, Grinnell, IA 50112
Poweshiek County
Key Facts
Description
Seller offering $5,000 credit towards rate buy down, closing costs or possible updates. 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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1900
Stories
2
Living Area
2,435 sq ft
Lot Size
0.35 acres
Lot Dimensions
170x90
Days on Market
52
MLS® Listing#
6337170
Property Features
Heating
Construction
Roof
Sewer
Water Source
Financial Details
HOA
Yes
MIR
Annual Taxes
$1,950
Tax year 2024
Parcel Number
0473500
Directions
Use Google Maps https://maps.app.goo.gl/4wS5JqwS8VfGaBhq7
Affordability Calculator
$26,700
Estimated monthly payment
$711/mo
Principal $106,800 · Est. interest $148,996 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Grinnell, IA
- $254,054
- Median Listing Price
- 54
- Median Days on Market
- 1,824
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 66
- Active Listings
- This home’s price is 47% below the area median.
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Grinnell, IA.
Location
Points of Interest in Grinnell, IA
Showing the Grinnell area map.
Nearby Schools
Fairview Elementary
Elementary · 0.4 mi away
Ucc Community Preschool
School · 0.6 mi away
Diamond Trail Children's Center
School · 0.8 mi away
Davis Elementary School
Elementary · 0.8 mi away
Grinnell Middle School
Secondary · 1.0 mi away
Bailey Park Elementary School
Elementary · 1.2 mi away
Grinnell Community Senior High School
Secondary · 1.5 mi away
Central Iowa Christian School
School · 1.9 mi away
East Marshall Middle School
Secondary · 10.0 mi away
Lynnville-Sully CSD
School · 13.1 mi away
Lynnville-Sully High School
Secondary · 13.4 mi away
BGM Community School
Secondary · 13.8 mi away
East Marshall Elementary School
Elementary · 14.3 mi away
Montezuma High School
Secondary · 14.4 mi away
Aurora Heights Elementary School
Elementary · 16.4 mi away
Berg Middle School
Secondary · 16.4 mi away
Newton Christian School
School · 16.6 mi away
South Tama County Elementary School
Elementary · 17.1 mi away
Emerson Hough Elementary School
Elementary · 17.4 mi away
South Tama County High School
Secondary · 17.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1318 West Street, Grinnell, IA | $105,000 | 3 | 2 | 1,375 |
| 427 West Street, Grinnell, IA | $108,500 | 3 | 1 | 944 |
| 935 Spring Street, Grinnell, IA | $109,000 | 3 | 1 | 1,244 |
| 408 5th Avenue, Grinnell, IA | $112,000 | 3 | 2 | 1,338 |
| 723 East Street, Grinnell, IA | $115,000 | 4 | 1 | 1,844 |
| 1110 Hamilton Avenue, Grinnell, IA | $135,000 | 3 | 3 | 1,438 |
Moving Cost Estimate
EXIT Agents in Grinnell
Listing Courtesy: AE Realty, Inc - 641-623-2639
Presented by: Andy Erselius