About This Home

This 0-bedroom, 0-bathroom multi-family at 929 - 931 Spring Street in Grinnell, IA is listed for $139,900 ($91 per sqft). Built in 1900, the home offers 1,541 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1900
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
2-car garage
1900
Listing Description

Welcome to an prime investment opportunity featuring strong occupancy history and extensive recent capital improvements, situated just two blocks from downtown and the hospital. This meticulously maintained duplex can generate up to $19,800.00 in annual gross rents, making it an ideal asset for both seasoned investors and buyers looking to owner occupy.

The property consists of two distinct residential units, including a comfortable two bedroom layout as well as a second unit offering two bedrooms plus a versatile bonus room that works perfectly as an office, nursery, or extra living space. Essential updates have already been completed, giving the next owner true peace of mind.

Capitalizing on recent high value renovations, the property features a newer roof, siding, and concrete sidewalk. Beyond the main structure, the lot includes a two car detached garage with convenient alley access, providing highly desirable off street parking or extra storage.

Prime central location; this asset provides occupancy, reduced near term maintenance expenses. and strong appeal driven by its walkability to major employers, dining, downtown Grinnell and Unity Point Medical Center. Schedule your private showing today to add this income generating property to your portfolio.

Monthly Cost Estimate

$748/mo

20% down · 6.5% · 30 years

Principal$101
Interest$606
Insurance$41

Estimates only. Actual payments may vary.

Location

929 - 931 Spring Street

Grinnell, IA 50112

Property Details

Construction

Vinyl Siding

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 929 - 931 Spring Street is listed at $139,900 ($91/sqft). The estimated monthly payment is $748 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.17 acre lot, 2 stories.

This property is listed by Matthew Karjalahti.

MK

Matthew Karjalahti

Agent at RE/MAX Partners Realty, Marshalltown

Listed by RE/MAX Partners Realty, Marshalltown · Broker phone: 641-519-0200 · View on Broker Site

MLS# 6341948· Source: NoCoast MLS· 64 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.

929 - 931 Spring Street, Grinnell, IA 50112

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