1604 5th Avenue

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 1604 5th Ave, Grinnell, IA 50112, USA
Chicago & Midwest + 2-4 Units
Created date: April 13, 2026
Date last updated: September 19, 2026
Price: $129,500Investment Analyzer NEW!

Property 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $129,500
No. of Units: 3
Year Built: 1900
Lot Size: 2,435.00 Sq ft
Opportunity Zone: No
Price per unit: $43,167
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 1604 5th Avenue, Grinnell, IA 50112, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

1110 & 1112 12Th Street

Bedford, Indiana
Chicago & Midwest + 2-4 Units
Units: 2
Price: $99,900

1653, 1659 A, 1659 B Brooks

Fayetteville, Arkansas
Chicago & Midwest + 2-4 Units
Units: 3
Price: $825,000

2642 Braxton Avenue, Unit 0

Springdale, Arkansas
Chicago & Midwest + 2-4 Units
Units: 2
Price: $355,000

Brokers

View All

Lenders

View All