Excellent investment opportunity in Grinnell, Iowa—this portfolio of 12 rental homes offers consistent rental income, strong occupancy, and solid growth potential. Located in established neighborhoods near schools, parks, and downtown, these properties are ideal for investors looking to expand or start a rental portfolio. The following Poweshiek County Parcels are included in the sale: 0725000; 0725100; 3211300; 0723300; 0763000; 0613700; 0766300; 0653800; 0570300; 0757100; 0808600; 0647600. A Letter of Intent must be submitted and accepted prior to any showings being scheduled. Don’t miss your chance to secure an income-producing asset in a great community—schedule a tour today.
Active
$1,415,000
725 Spring St, Grinnell, IA 50112
--beds
0baths
18,092sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$78/sqft
$-- HOA
What's special
- 216 days |
- 201 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: August 16, 2025 at 06:01pm
Listed by:
Bennett Wiltfang 641-236-6683,
RE/MAX Partners Realty, Grinnell,
Harley Gilbert 319-550-7519,
RE/MAX Partners Realty, Grinnell
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6330821
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Forced Air
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total interior livable area: 18,092 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage
- Garage spaces: 7
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 3.2 Acres
- Dimensions: 73.75 x 60.00
Details
- Parcel number: 0570300 ; 0725000;0725100
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Metal Siding, Vinyl Siding, Wood Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
- HOA name: MIR
Location
- Region: Grinnell
Financial & listing details
- Price per square foot: $78/sqft
- Tax assessed value: $57,110
- Annual tax amount: $15,184
- Date on market: 8/14/2025
- Cumulative days on market: 216 days
Estimated market value
Not available
Estimated sales range
Not available
$933/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2025 | Listed for sale | $1,415,000$78/sqft |
Source:  NoCoast MLS as distributed by MLS GRID #6330821 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $57,110 -1.7% |
| 2024 | $956 +2.8% | $58,100 |
| 2023 | $930 +0.9% | $58,100 +18.2% |
| 2022 | $922 +21% | $49,160 |
| 2021 | $762 +2.1% | $49,160 +28.3% |
| 2020 | $746 -1.3% | $38,310 |
| 2019 | $756 +1.6% | $38,310 |
| 2018 | $744 -2.1% | $38,310 |
| 2017 | $760 | $38,310 |
| 2016 | -- | $38,310 -6.2% |
| 2015 | -- | $40,840 |
| 2014 | -- | $40,840 |
| 2013 | -- | $40,840 |
| 2012 | $724 +2.3% | $40,840 |
| 2010 | $708 | $40,840 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$8,806/mo
Principal & interest
$7297
Property taxes
$1509
More affordability tools
Climate risks
Neighborhood: 50112
Nearby schools
GreatSchools rating
- 7/10Davis Elementary SchoolGrades: 3-4Distance: 0.4 mi
- 5/10Grinnell Community Middle SchoolGrades: 5-8Distance: 1 mi
- 7/10Grinnell Community Senior High SchoolGrades: 9-12Distance: 0.8 mi
Local experts in 50112
- Iowa
- Poweshiek County
- Grinnell
- 50112
- 725 Spring St
Nearby cities
Nearby zip codes
Other Grinnell Topics
