Active

$1,415,000

725 Spring St, Grinnell, IA 50112

--beds

0baths

18,092sqft

$10,055/mo

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Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$78/sqft

$-- HOA

What's special

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.

349 days

111

0

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: 349 days

Bennett Wiltfang

(641) 990-3878

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Estimated market value

Not available

Estimated sales range

Not available

$929/mo

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

Year	Property taxes	Tax assessment
2025	$966 +1%	$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

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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