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725 Spring StreetGrinnell, IA 50112

Multi-Family · 18,092 Sq. ft. | 3.20 Acres
$1,415,000 Active

725 Spring Street Overview

Time on Site:
319 days
Visits:
34

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.

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725 Spring Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 18,092
  • Price/Sq.ft. $78
  • Lot 3.20 Acres

Details

General

Income/Expenses

  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Maintenance Expense: 0
  • Operating Expense: 0
  • 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: 15184
  • Tax Year: 2023

General Information

  • Parcel Number: 0570300 ; 0725000;0725100
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 7

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Accessibility Features: None
  • Basement: Full
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Baseboard,Forced Air
  • Living Area: 18092
  • Living Area Units: Square Feet
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 3.2
  • Lot Size Dimensions: 73.75 x 60.00
  • Lot Size Square Feet: 139392
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Metal Siding,Vinyl Siding,Wood Siding

General Information

  • Number Of Units Total: 20
  • 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

              725 Spring 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.

              725 Spring 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.

              725 Spring 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

              725 Spring Street History

              Date Event Value Agent
              8/14/2025Source: NoCoast MLS Added to Database
              August 14, 2025
              Listing provided courtesy of RE/MAX Partners Realty, GrinnellNoCoast MLS- MLS# 6330821MLS Provider