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1031 Elm Street, Grinnell, IA 50112

Local realty services provided by:CENTURY 21 Property Professionals
1031 Elm Street,Grinnell, IA 50112
$159,900
  • - Beds
  • - Baths
  • 1,584 sq. ft.
  • Multi-family
  • Active
Listed by: bennett wiltfang, harley gilbert
Office: re/max partners realty, grinnell
MLS#:6334741
Source:IA_HIMLS

Price summary

  • Price:$159,900
  • Price per sq. ft.:$100.95

About this home

Welcome to your next income-producing opportunity in the heart of Grinnell. This well-located up/down duplex sits directly across the street from Grinnell College and just steps from downtown—an ideal setting for consistent rental demand. Each unit offers 2 bedrooms and 1 bathroom with a private exterior entrance, providing privacy and tenant appeal. Both units feature spacious kitchens and comfortable living areas, while the basement includes laundry access for the main-floor unit. The property is currently tenant-occupied, delivering immediate cash flow. Utilities are efficiently structured with a single gas furnace serving both units, window A/C, and electric sub-metered to tenants. The landlord covers gas and water, while tenants pay electric. With a proven rental location, strong proximity to major employers and amenities, and solid unit layouts, this duplex presents a compelling investment for both new and seasoned investors. 72-hour notice required for all showings. Contact

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Home facts

  • Year built:1900
  • Listing ID #:6334741
  • Added:14 day(s) ago
  • Updated:January 26, 2026 at 05:37 PM

Rooms and interior

  • Living area:1,584 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:1,584 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$159,900
  • Price per sq. ft.:$100.95
  • Tax amount:$1,578 (2024)

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