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1132 Main StreetGrinnell, IA 50112

Multi-Family · 3,858 Sq. ft.
$349,900 Active

1132 Main Street Overview

Time on Site:
347 days
Visits:
10

Discover this spacious and beautifully renovated four-square home, ideally located just a short walk from Grinnell College and downtown Grinnell. Perfect for students, faculty, or investors, this property offers a versatile living experience with four fully updated apartments. Historic Four-Square with spacious rooms, high ceilings, and timeless charm. Four Renovated Apartments each unit has been thoughtfully updated with newer finishes, offering comfortable and stylish living spaces. Recent upgrades include new plumbing, electrical systems, new paint throughout, updated bathrooms, ensuring reliability and efficiency. On-Site Laundry: Convenient laundry facilities available for tenants, adding to the property's appeal and convenience. Prime Location: Walkable to Grinnell College, downtown shops, dining, and entertainment, providing easy access to all amenities. Investment Opportunity: Ideal for rental income with multiple units, or as a spacious owner-occupied residence with rental income from additional units. This property combines historic character with modern updates, making it a fantastic opportunity for investors or those seeking a convenient, comfortable home near campus and downtown Grinnell.

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1132 Main Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,858
  • Price/Sq.ft. $91

Details

General

Income/Expenses

  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 38698
  • Maintenance Expense: 500
  • Operating Expense: 6224
  • Trash Expense: 0
  • Water Sewer Expense: 0

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Poweshiek
  • Postal City: Grinnell

Tax Information

  • Tax Annual Amount: 3036
  • Tax Year: 2025

General Information

  • Parcel Number: 0701600
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Accessibility Features: None
  • Basement: Full
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Baseboard
  • Living Area: 3858
  • Living Area Units: Square Feet
  • Stories: 2

Exterior

Lot Information

  • Lot Size Dimensions: 75 x 165
  • Lot Size Units: Acres
  • Water Source: City Water - In Street,Public

Building Exterior/Construction

  • Construction Materials: HardiPlank Type

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer,City Sewer/Connected

Room Information

Room: Extra Room 1

    Room: Extra Room 2

      Room: Extra Room 3

        Room: Extra Room 4

          Room: Extra Room 5

            Room: Extra Room 6

              1132 Main Street Neighborhood

              Community

              50112 (Grinnell) Demographics

              41
              Median Age
              64
              Population Density (per sq. mile)
              45%
              College Educated
              $54,349
              Estimated Median Income
              2,996
              Estimated Total Home Owners
              1,842
              Estimated Total Renters
              62% / 38%
              Estimated Owner / Renter Divide
              2
              Estimated Average Household Size
              Community data courtesy of LiveBy, Inc.

              Schools

              School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

              1132 Main Street Monthly Cost

              $
              $ %
              %
              $
              $
              * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

              1132 Main Street Market Data

              Based on the last 30 days in this zip code

              $255,262
              Average List Price
              $139
              Average Price per Square Foot
              10
              Properties Sold
              81
              Average Days on Market
              83
              Properties for Sale
              Calculations provided by Reliance Network

              1132 Main Street History

              Date Event Value Agent
              6/16/2026Source: NoCoast MLS Price Reduction
              $349,900 -5.4%
              7/17/2025Source: NoCoast MLS Added to Database
              July 17, 2025
              2/21/2025Source: NoCoast MLS Added to Database
              February 21, 2025
              Listing provided courtesy of Century 21 Signature Real EstateNoCoast MLS- MLS# 6329839MLS Provider