Real Estate Investment Properties for Sale in Grinnell, IA

Looking for investment property in Grinnell, IA with high ROI ?

Explore a variety of short-term homes & houses in Grinnell, IA. Invest wisely with VRBO & Grinnell, IA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Grinnell, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
711 7th Ave Grinnell, IA Exceptional investment opportunity awaits with this fully updated duplex located just one ...	N/A beds \| N/A baths \| 2,312 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.06% Airbnb Rental Income: $null Traditional Rental Income: $1399 Airbnb ROI: N/A Traditional ROI: 4.06%
1604 5th Ave Grinnell, IA Seller offering $5,000 credit towards rate buy down, closing costs or possible updates. La...	N/A beds \| N/A baths \| 2,435 sq.ft.	$133,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.09% Airbnb Rental Income: $null Traditional Rental Income: $1699 Airbnb ROI: N/A Traditional ROI: 10.09%
816 10th Ave Grinnell, IA Discover this beautifully restored craftsman-style home located just a few blocks from Gri...	3 beds \| 1 baths \| 2,009 sq.ft.	$314,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2454 Airbnb ROI: N/A Traditional ROI: 5.58%
321 4th Ave Grinnell, IA Welcome home to this timeless Historic Foursquare, where classic charm meets everyday comf...	4 beds \| 1 baths \| 2,538 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.44% Airbnb Rental Income: $null Traditional Rental Income: $2824 Airbnb ROI: N/A Traditional ROI: 5.44%
1634 5th Ave Grinnell, IA JUST REDUCED!! TAKE A WALK THRU THIS COMPLETELY REMODELED FARMHOUSE STYLE HOME. What a bea...	3 beds \| 2 baths \| 1,416 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $2014 Airbnb ROI: N/A Traditional ROI: 5.13%
932 East St Grinnell, IA Beautifully maintained two-story home two blocks from Grinnell College. Experience the cha...	3 beds \| 2 baths \| 1,920 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.04% Airbnb Rental Income: $null Traditional Rental Income: $2297 Airbnb ROI: N/A Traditional ROI: 7.04%
12 Washington Pl Grinnell, IA Easy living all on one floor with low maintenance in this cute ranch house in a quiet cul-...	3 beds \| 1 baths \| 1,008 sq.ft.	$163,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.25% Airbnb Rental Income: $null Traditional Rental Income: $1520 Airbnb ROI: N/A Traditional ROI: 7.25%
346 Ewart Rd Grinnell, IA Country Ranch Home with 6+ acres! This COUNTRY HOME was built in 2003. Located on a blackt...	4 beds \| 3 baths \| 3,332 sq.ft.	$555,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.41% Airbnb Rental Income: $null Traditional Rental Income: $2719 Airbnb ROI: N/A Traditional ROI: 3.41%
904 East St Grinnell, IA Large 1 3/4 story home near downtown and Grinnell College on an attractive corner lot. Thi...	4 beds \| 2 baths \| 2,647 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.33% Airbnb Rental Income: $null Traditional Rental Income: $2533 Airbnb ROI: N/A Traditional ROI: 9.33%
908 Elm St Grinnell, IA Adorable brick home on a mature lot. 2-3 Bedrooms, hardwood floors throughout. there is is...	2 beds \| 1 baths \| 1,126 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $1490 Airbnb ROI: N/A Traditional ROI: 5%
1420 4th Ave Grinnell, IA This home has it all - old home character, original woodwork, hardwood under the carpet, f...	3 beds \| 1 baths \| 1,574 sq.ft.	$247,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $1693 Airbnb ROI: N/A Traditional ROI: 4.93%
804 Summer St Grinnell, IA Welcome to this charming and extensively updated 3-bedroom, 1-bath home situated on a spac...	3 beds \| 1 baths \| 1,344 sq.ft.	$179,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $1377 Airbnb ROI: N/A Traditional ROI: 5.38%
21 Eagle Dr Grinnell, IA Overlooking the hillside in the community of Oakland Acres, 21 Eagle Drive offers a wonder...	4 beds \| 1 baths \| 1,902 sq.ft.	$272,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.08% Airbnb Rental Income: $null Traditional Rental Income: $1634 Airbnb ROI: N/A Traditional ROI: 4.08%
426 East St Grinnell, IA $10,000 price reduction! In town acreage - 1.07 acre lot! If you want to be in town but ha...	4 beds \| 1 baths \| 1,824 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.22% Airbnb Rental Income: $null Traditional Rental Income: $2439 Airbnb ROI: N/A Traditional ROI: 7.22%
1530 Prairie St Grinnell, IA Great starter home or investment property! This ranch home in NW Grinnell has a large livi...	2 beds \| 1 baths \| 816 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $1133 Airbnb ROI: N/A Traditional ROI: 5.1%
1817 Reed St Grinnell, IA You need to look! New price of $197,500! You will love all of the living space this NW Gri...	3 beds \| 2 baths \| 1,167 sq.ft.	$239,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.53% Airbnb Rental Income: $null Traditional Rental Income: $1423 Airbnb ROI: N/A Traditional ROI: 3.53%
821 8th Avenue Grinnell, IA A little bit of love and elbow grease will go a long ways with this 4 bedroom home. The ma...	4 beds \| 3 baths \| 2,779 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.26% Airbnb Rental Income: $null Traditional Rental Income: $2078 Airbnb ROI: N/A Traditional ROI: 10.26%
1517 Summer St Grinnell, IA Charming two-bedroom home featuring a single-story layout for effortless living. Located i...	2 beds \| 1 baths \| 1,020 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $1063 Airbnb ROI: N/A Traditional ROI: 3.47%
2002 Spaulding Ln Grinnell, IA Welcome to this incredible ranch style home located in Prairie Point Estates! The Highland...	3 beds \| 2 baths \| 1,506 sq.ft.	$449,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2666 Airbnb ROI: N/A Traditional ROI: 5.01%
1232 Main St Grinnell, IA Vintage chic! Introducing a beautiful professionally remodeled 1 3/4 story house, nestled ...	2 beds \| 1 baths \| 1,414 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $1423 Airbnb ROI: N/A Traditional ROI: 3.5%
427 West St Grinnell, IA Discover this inviting 3-bedroom, 1-bath home featuring a bright and spacious living room,...	3 beds \| 1 baths \| 944 sq.ft.	$108,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.42% Airbnb Rental Income: $null Traditional Rental Income: $1540 Airbnb ROI: N/A Traditional ROI: 11.42%
1208 Main St Grinnell, IA Recently remodeled 3-4 bedroom home 2 blocks from college and 2 blocks from downtown. This...	4 beds \| 1 baths \| 1,613 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $2519 Airbnb ROI: N/A Traditional ROI: 8.68%
1132 Main St Grinnell, IA Discover this spacious and beautifully renovated four-square home, ideally located just a ...	N/A beds \| N/A baths \| 3,858 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.66% Airbnb Rental Income: $null Traditional Rental Income: $1249 Airbnb ROI: N/A Traditional ROI: 1.66%
1202 Main St Grinnell, IA Welcome to your next investment property in Grinnell! This up and down duplex is within on...	3 beds \| 2 baths \| 2,019 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $1382 Airbnb ROI: N/A Traditional ROI: 6.19%
725 Spring Street Grinnell, IA Excellent investment opportunity in Grinnell, Iowa-this portfolio of 12 rental homes offer...	N/A beds \| N/A baths \| 18,092 sq.ft.	$1,415,000	Airbnb cash on cash: -2% Traditional cash on cash: -0.92% Airbnb Rental Income: $450 Traditional Rental Income: $1601 Airbnb ROI: -2% Traditional ROI: -0.92%
1429 Prince St Grinnell, IA Welcome home to this recently remodeled, beautifully updated three-bedroom, two-bathroom h...	3 beds \| 2 baths \| 992 sq.ft.	$198,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.91% Airbnb Rental Income: $null Traditional Rental Income: $1935 Airbnb ROI: N/A Traditional ROI: 7.91%
1425 Penrose St Grinnell, IA Welcome home! Perfectly positioned directly across from Ahrens Park, this beautifully upda...	4 beds \| 2 baths \| 2,292 sq.ft.	$237,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.1% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 9.1%
1517 Elm St Grinnell, IA Step inside this beautifully preserved historic home where the character of careful crafts...	5 beds \| 2 baths \| 2,624 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.59% Airbnb Rental Income: $null Traditional Rental Income: $2882 Airbnb ROI: N/A Traditional ROI: 7.59%
329 Broad St Grinnell, IA For sale - a cherished home that has been lovingly cared for over the past 62 years! This ...	2 beds \| 2 baths \| 1,244 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.54% Airbnb Rental Income: $null Traditional Rental Income: $2061 Airbnb ROI: N/A Traditional ROI: 11.54%
500 Harrison Ave Grinnell, IA This ranch-style home with 5 bedrooms and 1 3/4 bathrooms is move-in ready. Upper level ha...	4 beds \| 2 baths \| 960 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2084 Airbnb ROI: N/A Traditional ROI: 9.36%
1324 Main St Grinnell, IA A classic four square, 2,182 sq ft (first two floors) plus another 462 sq ft of living spa...	5 beds \| 2 baths \| 2,186 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $2727 Airbnb ROI: N/A Traditional ROI: 7.47%
1137 West St Grinnell, IA 1137 West St, Grinnell, IA 50112 \| Single Family Residential	5 beds \| 3 baths \| 3,367 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.1% Airbnb Rental Income: $null Traditional Rental Income: $2504 Airbnb ROI: N/A Traditional ROI: 7.1%
920 High St Grinnell, IA 920 High St, Grinnell, IA 50112 \| Condo/Coop	N/A beds \| N/A baths \| 4,522 sq.ft.	$334,900	Airbnb cash on cash: -2.26% Traditional cash on cash: -0.83% Airbnb Rental Income: $450 Traditional Rental Income: $635 Airbnb ROI: -2.26% Traditional ROI: -0.83%
1109 E 132nd St N Grinnell, IA 1109 E 132nd St N, Grinnell, IA 50112 \| Other	N/A beds \| N/A baths \| N/A	$1,600,000	Airbnb cash on cash: -2.5% Traditional cash on cash: -2.1% Airbnb Rental Income: $450 Traditional Rental Income: $786 Airbnb ROI: -2.5% Traditional ROI: -2.1%
2128 West St S Grinnell, IA 2128 West St S, Grinnell, IA 50112 \| Other	N/A beds \| N/A baths \| N/A	$475,000	Airbnb cash on cash: -2.35% Traditional cash on cash: -0.76% Airbnb Rental Income: $450 Traditional Rental Income: $893 Airbnb ROI: -2.35% Traditional ROI: -0.76%
505 Lang Creek Ave Grinnell, IA 505 Lang Creek Ave, Grinnell, IA 50112 \| Other	N/A beds \| N/A baths \| N/A	$2,992,572	Airbnb cash on cash: -2.53% Traditional cash on cash: -2.28% Airbnb Rental Income: $450 Traditional Rental Income: $893 Airbnb ROI: -2.53% Traditional ROI: -2.28%
1 Lang Creek Ave Grinnell, IA 1 Lang Creek Ave, Grinnell, IA 50112 \| Other	N/A beds \| N/A baths \| N/A	$802,593	Airbnb cash on cash: -2.44% Traditional cash on cash: -1.49% Airbnb Rental Income: $450 Traditional Rental Income: $893 Airbnb ROI: -2.44% Traditional ROI: -1.49%
500 Lang Creek Ave Grinnell, IA 500 Lang Creek Ave, Grinnell, IA 50112 \| Other	N/A beds \| N/A baths \| N/A	$802,593	Airbnb cash on cash: -2.44% Traditional cash on cash: -1.83% Airbnb Rental Income: $450 Traditional Rental Income: $639 Airbnb ROI: -2.44% Traditional ROI: -1.83%
723 East St Grinnell, IA 723 East St, Grinnell, IA 50112 \| Single Family Residential	4 beds \| 1 baths \| 1,844 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.33% Airbnb Rental Income: $null Traditional Rental Income: $1299 Airbnb ROI: N/A Traditional ROI: 8.33%
1021 High Street Grinnell, IA Don't miss this fantastic chance to acquire a well built and roomy 2-story home situated d...	5 beds \| 2 baths \| 1,845 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.88% Airbnb Rental Income: $null Traditional Rental Income: $2449 Airbnb ROI: N/A Traditional ROI: 9.88%

Real Estate investment in Grinnell, IA

There are 86 properties for sale in the city of Grinnell . The median list price in Grinnell is $207,876 and the average price per square foot is $103. In September 2026, the average monthly cash on cash return in Grinnell is 8.00%. The average monthly rental income in Grinnell is $1,639.

Grinnell, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 86 investment properties available for sale in Grinnell.

In 2026, the best neighborhood to buy investment property is Grinnell.

The ROI for Long-Term is higher than the Short-Term in Grinnell with average rental income of $1,639.

Your search for investment property begins and ends here

Investment Property for Sale in Grinnell, IA

711 7th Ave

Grinnell, IA

N/A beds | N/A baths | 2,312 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1399

Airbnb ROI: N/A

Traditional ROI: 4.06%

1604 5th Ave

Grinnell, IA

N/A beds | N/A baths | 2,435 sq.ft.

$133,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.09%

Airbnb Rental Income: $null

Traditional Rental Income: $1699

Airbnb ROI: N/A

Traditional ROI: 10.09%

816 10th Ave

Grinnell, IA

3 beds | 1 baths | 2,009 sq.ft.

$314,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2454

Airbnb ROI: N/A

Traditional ROI: 5.58%

321 4th Ave

Grinnell, IA

4 beds | 1 baths | 2,538 sq.ft.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.44%

Airbnb Rental Income: $null

Traditional Rental Income: $2824

Airbnb ROI: N/A

Traditional ROI: 5.44%

1634 5th Ave

Grinnell, IA

3 beds | 2 baths | 1,416 sq.ft.

$265,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2014

Airbnb ROI: N/A

Traditional ROI: 5.13%

932 East St

Grinnell, IA

3 beds | 2 baths | 1,920 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.04%

Airbnb Rental Income: $null

Traditional Rental Income: $2297

Airbnb ROI: N/A

Traditional ROI: 7.04%

12 Washington Pl

Grinnell, IA

3 beds | 1 baths | 1,008 sq.ft.

$163,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.25%

Airbnb Rental Income: $null

Traditional Rental Income: $1520

Airbnb ROI: N/A

Traditional ROI: 7.25%

346 Ewart Rd

Grinnell, IA

4 beds | 3 baths | 3,332 sq.ft.

$555,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.41%

Airbnb Rental Income: $null

Traditional Rental Income: $2719

Airbnb ROI: N/A