About This Home

This 0-bedroom, 0-bathroom multi-family at 1604 5th Avenue in Grinnell, IA is listed for $129,500 ($53 per sqft). Built in 1900, the home offers 2,435 sqft of living space on a 0.35 acres lot.

Key Features

  • Built in 1900
  • 0.35 acre lot
  • 2 stories

Property Details

2 stories
1900
Listing 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.

Monthly Cost Estimate

$693/mo

20% down · 6.5% · 30 years

Principal$94
Interest$561
Insurance$38

Estimates only. Actual payments may vary.

Location

1604 5th Avenue

Grinnell, IA 50112

Property Details

Construction

Frame Vinyl Siding

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1604 5th Avenue is listed at $129,500 ($53/sqft). The estimated monthly payment is $693 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.35 acre lot, 2 stories.

This property is listed by Andy Erselius.

AE

Andy Erselius

Agent at Andrew Erselius

Listed by Andrew Erselius · Broker phone: (641) 623-2639 · View on Broker Site · Broker website

MLS# 6337170· Source: NoCoast MLS· 201 days on PropertySimple

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1604 5th Avenue, Grinnell, IA 50112

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