1604 5th Avenue

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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
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Step 3Final Deal Analysis

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