832 East St, Grinnell, IA, 50112

About This Home

Don’t miss this FANTASTIC INCOME-PRODUCING triplex ideally located just steps from Grinnell College and within easy walking distance of downtown Grinnell’s shops, restaurants, and coffeehouses. This well-maintained property features three thoughtfully designed units, including two comfortable 1-bedroom, 1-bath apartments and one spacious 3-bedroom, 1-bath unit—making it an excellent option for both seasoned investors and owner-occupants seeking to offset their mortgage with rental income. Each unit offers the convenience of in-unit laundry and is currently occupied by long-term tenants, providing immediate and reliable cash flow. The property generates $2,135 in monthly rental income, with potential for future growth in this highly desirable location. Adding even more value, the seller is including all on-site items—such as the lawn mower and snow blower—ensuring a seamless transition for the next owner. Whether you’re expanding your investment portfolio or looking for a smart live-in investment near campus, this triplex delivers stability, location, and upside potential in one compelling package. Don't miss out! Call the owner to learn more.