Grinnell IA Multi Family for Sale

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Type:
Cluster
Sq.Ft.:
10,038
Status:
Active
Beds:
43
Lot size:
0.76 Acres
Year built:
1989
Baths:
22.00
MLS#:
705144

ADDITIONAL INFORMATION

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 owned and located in the common area. The building has 8 private parking spots for residential tenants. Sunset Apartments is 1 multi-family building with 14 residential units, and 8 garage units. The building is comprised of all 2 bedroom units. Coin Laundry is owned and located in the common area. There are approximately 24 private parking spots for tenants. Offering Memorandum available upon request. Letter of Intent must be submitted prior to any showing.

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Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


This information is provided exclusively 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. This is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2024 Des Moines Area Association of Realtors. All rights reserved.



Grinnell Real Estate

The median home value in Grinnell, IA is $195,000. This is higher than the county median home value of $192,800. The national median home value is $338,100. The average price of homes sold in Grinnell, IA is $195,000. Approximately 56.02% of Grinnell homes are owned, compared to 38.58% rented, while 5.4% are vacant. Grinnell real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Grinnell real estate agent to arrange a tour today!

Grinnell, Iowa has a population of 9,481. Grinnell is more family-centric than the surrounding county with 29.92% of the households containing married families with children. The county average for households married with children is 28.44%.

The median household income in Grinnell, Iowa is $49,045. The median household income for the surrounding county is $56,080 compared to the national median of $69,021. The median age of people living in Grinnell is 38.6 years.

Grinnell Weather

The average high temperature in July is 83.9 degrees, with an average low temperature in January of 9.8 degrees. The average rainfall is approximately 36.6 inches per year, with 27.2 inches of snow per year.

Grinnell Real Estate Market Conditions

  • Median sales price

    $195,000
    16.4% change since last quarter
  • # Active listings

    52
    30-day change

Grinnell Schools and Demographics

Education near Grinnell, IA

Metric City County
High School Graduates 94.01 94.17
College Degree - 2 year 7.46 8.78
College Degree - 4 year 40.14 29.63
Graduate Degree 12.42 8.47
Expenditures per Student 15,655 15,655
Students per Teacher 13.5 13.5

Elementary Schools near Grinnell, IA

School Grades Students P/T Ratio ZIP
Bailey Park Elementary School KG - 02 176 13.4 50112
Brooklyn-Guernsey-Malcom Elementary School PK - 06 317 14 52211
Davis Elementary School 03 - 04 238 14.4 50112
Fairview Elementary School PK - 02 264 17.6 50112
Lynnville-Sully Elementary School KG - 05 207 11.6 50251
Montezuma Elementary School PK - 06 301 13.2 50171

Middle Schools near Grinnell, IA

School Grades Students P/T Ratio ZIP
East Marshall Community Pre School PK - KG 49 31 50106
East Marshall Middle School 04 - 08 311 14 50106
Grinnell Community Middle School 05 - 08 489 13.1 50112
Lynnville-Sully Middle School 06 - 08 111 12.6 50251
Montezuma Junior High School 07 - 08 79 13.9 50171

High Schools near Grinnell, IA

School Grades Students P/T Ratio ZIP
Brooklyn-Guernsey-Malcom Junior-Senior High School 07 - 12 275 13.9 52211
Grinnell Community Senior High School 09 - 12 517 14.4 50112
Lynnville-Sully High School 09 - 12 149 13.3 50251
Montezuma High School 09 - 12 158 11.2 50171

Demographics near Grinnell, IA

Metric City County
Neighborhood Type Small Town
Population 9,481 18,628
Population Density 1,676 32
Median Age 38.6 40.7
People per Household 2.1 2.2
Median Household Income 49,045 56,080
Average Income per Capita 33,630 34,751