725 Spring St, Grinnell, IA, 50112
About This Home
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.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Construction materials: Metal Siding,Vinyl Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Heating
- Heating features: Baseboard,Forced Air
Interior Area
- Total interior livable area: 18,092 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0570300 ; 0725000;0725100
Features
- Stories: 2
Lot
- Lot size: 3.20 Acres
- Lot size dimensions: 73.75 x 60.00
Parking
- Total spaces: 7
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 7
- Covered spaces: 7
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Hail
- Winter Weather
- Cold Wave
- Heat Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,155 | $85,860 |
| Home Insurance * | $808 | $9,696 |
| Property Taxes | $1,991 | $23,892 |
| Electricity | $1,349 | $16,194 |
| Total | $11,303 | $135,636 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-08-14 | Listed for sale | $1,415,000 |
View on Zillow