# 1604 5th Avenue, Grinnell, IA 50112

> **TL;DR:** residential multi family, $138,000 ($57/sqft), built 1900, 2,435 sqft. Est. $598/mo. Listed 49 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $138,000 |
| Price/sqft | $57 |
| Square Feet | 2,435 |
| Year Built | 1900 |
| Lot Size | 15,246 sqft (0.35 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 49 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $598 |
| **Total** | **$598** |

## Property Highlights

- Built in 1900
- 0.35 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 1604 5th Avenue, Grinnell, IA 50112
- **County:** Poweshiek
- **Coordinates:** 41.744456, -92.71278
- **Google Maps:** https://www.google.com/maps?q=41.744456,-92.71278

## Listing Agent

- **Name:** Andy Erselius
- **Brokerage:** AE Realty, Inc
- **Phone:** 6412262639
- **Email:** andy@aerealtyinc.com

## Primary Photo

![1604 5th Avenue - Primary Photo](http://lh.rdcpix.com/c5923cc763d9d62e32115fcf12cfb8c6l-f858782702r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/1604-5th-avenue-grinnell-ia-50112-6337170)*

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**MLS#:** 6337170 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1604-5th-avenue-grinnell-ia-50112-6337170)

---

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