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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1710 Spring Street Grinnell, IA REDUCED!! Approximately 2,000 square feet of finished space in this beautifully updated 3-...	3 beds \| 2 baths \| 1,064 sq.ft.	$238,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.26% Airbnb Rental Income: $null Traditional Rental Income: $2470 Airbnb ROI: N/A Traditional ROI: 8.26%
105 Broad Street Grinnell, IA A diamond in the rough, the possibilities are endless. This 3 bedroom, one bath ranch has ...	3 beds \| 1 baths \| 1,152 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.05% Airbnb Rental Income: $null Traditional Rental Income: $1691 Airbnb ROI: N/A Traditional ROI: 9.05%
1615 9th Avenue Grinnell, IA Ranch Home in Northeast Grinnell! This charming ranch home offers great curb appeal and an...	2 beds \| 2 baths \| 1,268 sq.ft.	$197,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.01% Airbnb Rental Income: $null Traditional Rental Income: $2059 Airbnb ROI: N/A Traditional ROI: 8.01%
12 Garden Cottage Lane Grinnell, IA Price improved!! Tucked in the charming Garden Cottages community, this beautifully up...	3 beds \| 3 baths \| 1,814 sq.ft.	$319,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.36% Airbnb Rental Income: $null Traditional Rental Income: $2741 Airbnb ROI: N/A Traditional ROI: 6.36%
1323 5th Avenue Grinnell, IA This charming four-square residence boasts 1,892 square feet of living space. The main lev...	3 beds \| 1 baths \| 1,892 sq.ft.	$194,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.05% Airbnb Rental Income: $null Traditional Rental Income: $1695 Airbnb ROI: N/A Traditional ROI: 6.05%
539 10th Avenue Grinnell, IA Great opportunity to acquire a Ranch home in NE Grinnell on a large corner lot! As you wal...	3 beds \| 2 baths \| 1,770 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $2339 Airbnb ROI: N/A Traditional ROI: 8.04%
1426 Prince Street Grinnell, IA Welcome to this cozy home nestled in the heart of Grinnell! Just minutes from the water pa...	2 beds \| 2 baths \| 768 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.23% Airbnb Rental Income: $null Traditional Rental Income: $1895 Airbnb ROI: N/A Traditional ROI: 10.23%
1419 West Street Grinnell, IA Buyers seller will pay up to $3,500 towards your closing costs on an acceptable offer at c...	4 beds \| 2 baths \| 1,630 sq.ft.	$239,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $1594 Airbnb ROI: N/A Traditional ROI: 4.42%
1003 East Street Grinnell, IA Great location for the Grand 1900's 2 story home. Walk to down town or to the college. 2 ...	2 beds \| 2 baths \| 1,728 sq.ft.	$279,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $2296 Airbnb ROI: N/A Traditional ROI: 6.31%
1528 Prince Street Grinnell, IA A nicely renovated ranch-style home spanning 1,368 square feet is available in Northwest G...	4 beds \| 3 baths \| 1,872 sq.ft.	$234,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.94% Airbnb Rental Income: $null Traditional Rental Income: $2799 Airbnb ROI: N/A Traditional ROI: 9.94%
718 Reed Street Grinnell, IA Here is a great opportunity to own an affordable home in the heart of Grinnell! This prope...	2 beds \| 1 baths \| 959 sq.ft.	$114,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1029 Airbnb ROI: N/A Traditional ROI: 6.31%
814 Summer Street Grinnell, IA Unique 2 story Brick 2 bedroom, 1 3/4 bathroom home with a spacious yard, off street alle...	2 beds \| 2 baths \| 1,084 sq.ft.	$114,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.02% Airbnb Rental Income: $null Traditional Rental Income: $678 Airbnb ROI: N/A Traditional ROI: 3.02%
1016 Pearl Street Grinnell, IA PRICE REDUCE!!! Live in one side and rent the other. Easy living. Looking for an affordab...	1 beds \| 1 baths \| 750 sq.ft.	$117,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $993 Airbnb ROI: N/A Traditional ROI: 5.56%
5029 E 156th Street S Grinnell, IA	4 beds \| 1 baths \| 1,352 sq.ft.	$325,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.18% Airbnb Rental Income: $null Traditional Rental Income: $1848 Airbnb ROI: N/A Traditional ROI: 4.18%
1012 Summer Street Grinnell, IA There is a lot of space to love in this beautiful two story traditional four square home! ...	4 beds \| 2 baths \| 1,920 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $2779 Airbnb ROI: N/A Traditional ROI: 8.84%
4476 32nd Street Grinnell, IA PRICE REDUCED! Country living close to Grinnell. 1.5 story home on approximately 1.2 acre...	3 beds \| 1 baths \| 1,678 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.95% Airbnb Rental Income: $null Traditional Rental Income: $1795 Airbnb ROI: N/A Traditional ROI: 6.95%
1414 Elm Street Grinnell, IA A classic colonial two story home for sale in northeast Grinnell. The home includes 1,972 ...	4 beds \| 3 baths \| 1,972 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.67% Airbnb Rental Income: $null Traditional Rental Income: $2978 Airbnb ROI: N/A Traditional ROI: 9.67%
1804 3rd Avenue Grinnell, IA Welcome to this nicely maintained 4-bedroom, 1.5 bath home located on a generous lot on th...	4 beds \| 2 baths \| 781 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.9% Airbnb Rental Income: $null Traditional Rental Income: $2047 Airbnb ROI: N/A Traditional ROI: 8.9%
5029 E 156Th Street Grinnell, IA PRICE REDUCED!!!!! Country living at it's best. Gorgeous views in all directions. 2 story ...	4 beds \| 1 baths \| 1,352 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $1823 Airbnb ROI: N/A Traditional ROI: 4.51%
1128 Prince Street Grinnell, IA HUGE PRICE REDUCTIONS! Great location close to the waterpark, schools and park. 1 1/2 stor...	5 beds \| 4 baths \| 2,950 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.54% Airbnb Rental Income: $null Traditional Rental Income: $3772 Airbnb ROI: N/A Traditional ROI: 11.54%
1209 Spencer Street Grinnell, IA Welcome to 1209 Spencer Street - a 1.5 story home offering 2 bedrooms, 1 bathroom, and a c...	2 beds \| 1 baths \| 1,046 sq.ft.	$105,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.58% Airbnb Rental Income: $null Traditional Rental Income: $1511 Airbnb ROI: N/A Traditional ROI: 11.58%
1620 Broad Street Grinnell, IA Welcome to a timelessly refreshed mid-century home with 4 bedrooms, 2.5 baths, & 3 garage ...	4 beds \| 3 baths \| 1,678 sq.ft.	$384,750	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 5.22%
1801 10th Avenue Place Grinnell, IA Charming 3 bedroom/1 bathroom ranch with 1,284 sq ft on a generous .33 acre lot - move in ...	3 beds \| 1 baths \| 1,284 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.38% Airbnb Rental Income: $null Traditional Rental Income: $1837 Airbnb ROI: N/A Traditional ROI: 8.38%
931 High Street Grinnell, IA Welcome to your next investment property in Grinnell! This side by side duplex is within o...	N/A beds \| N/A baths \| 3,200 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.13% Airbnb Rental Income: $null Traditional Rental Income: $1272 Airbnb ROI: N/A Traditional ROI: 2.13%
2018 Spaulding Lane Grinnell, IA Move in ready! This beautifully deigned 2023 custom built 3-bedroom, 1 Â¾-bath residence o...	3 beds \| 2 baths \| 2,156 sq.ft.	$480,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $2683 Airbnb ROI: N/A Traditional ROI: 4.32%
1204 3rd Avenue Grinnell, IA Stately 1900's Victorian. 2,840 sq. ft. of elegant living space. Main floor w/ "Chef's D...	4 beds \| 3 baths \| 2,840 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $2887 Airbnb ROI: N/A Traditional ROI: 4.88%
1935 Jewel Drive Grinnell, IA Explore this unique chance to own a semi-custom home at Prairie Pointe, where exceptional ...	3 beds \| 2 baths \| 1,728 sq.ft.	$398,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.37% Airbnb Rental Income: $null Traditional Rental Income: $2517 Airbnb ROI: N/A Traditional ROI: 5.37%
94 14th Avenue Grinnell, IA $15,000 Price Reduction! Beautifully Renovated Home â Move-In Ready! This home in NW ...	4 beds \| 3 baths \| 1,908 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.73% Airbnb Rental Income: $null Traditional Rental Income: $2653 Airbnb ROI: N/A Traditional ROI: 7.73%
828 Park Street Grinnell, IA This investment house is an exceptional opportunity for a new owner, featuring a fully ren...	5 beds \| 2 baths \| 2,316 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.8% Airbnb Rental Income: $null Traditional Rental Income: $2556 Airbnb ROI: N/A Traditional ROI: 8.8%
909 Elm Street Grinnell, IA Beautiful 3 bedroom stucco home in quiet neighborhood. Walk right into an enclosed front p...	3 beds \| 2 baths \| 1,949 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.33% Airbnb Rental Income: $null Traditional Rental Income: $2438 Airbnb ROI: N/A Traditional ROI: 8.33%
1132 Main Street 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.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.52% Airbnb Rental Income: $null Traditional Rental Income: $1249 Airbnb ROI: N/A Traditional ROI: 1.52%
720 High Street Grinnell, IA	3 beds \| 3 baths \| 1,264 sq.ft.	$1,440,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.51% Airbnb Rental Income: $null Traditional Rental Income: $2267 Airbnb ROI: N/A Traditional ROI: 0.51%
9032 Center Street Grinnell, IA This 3-bedroom, 1-bath home offers 1,248 sq ft of finished living space, including a beaut...	3 beds \| 1 baths \| 1,248 sq.ft.	$178,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.37% Airbnb Rental Income: $null Traditional Rental Income: $1773 Airbnb ROI: N/A Traditional ROI: 8.37%
915 Elm Street Grinnell, IA PRICE REDUCED COME TOUR THIS BEAUTIFUL HOME! Nicely Maintained 1900's 2 story. Charming ...	3 beds \| 2 baths \| 1,061 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.24% Airbnb Rental Income: $null Traditional Rental Income: $2064 Airbnb ROI: N/A Traditional ROI: 7.24%
1126 Broad Street Grinnell, IA Just YARDS, STEPS, LITERAL FEET, from Grinnell College, this spacious two-story duplex off...	N/A beds \| N/A baths \| 3,154 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $1334 Airbnb ROI: N/A Traditional ROI: 4.36%
725 Spring Street Grinnell, IA Excellent investment opportunity in Grinnell, Iowaâthis portfolio of 12 rental homes off...	N/A beds \| N/A baths \| 18,092 sq.ft.	$1,415,000	Airbnb cash on cash: -1.63% Traditional cash on cash: -0.92% Airbnb Rental Income: $1034 Traditional Rental Income: $1601 Airbnb ROI: -1.63% Traditional ROI: -0.92%
313 11th Avenue W Grinnell, IA Acreage on the edge of town with a private setting! 5 BR/3 Bath on 3.02 acres inside city ...	5 beds \| 3 baths \| 1,560 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.94% Airbnb Rental Income: $null Traditional Rental Income: $2676 Airbnb ROI: N/A Traditional ROI: 4.94%
1764 Highway T38 N #N-80 Grinnell, IA Here is the perfect home for those that want a little country. Relax and enjoy the view o...	3 beds \| 4 baths \| 2,489 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.57% Airbnb Rental Income: $null Traditional Rental Income: $3005 Airbnb ROI: N/A Traditional ROI: 6.57%
937 Broad Street Grinnell, IA Take a look at this beautiful three-story historic building, located in downtown Grinnell ...	N/A beds \| N/A baths \| 6,280 sq.ft.	$850,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 0.1% Airbnb Rental Income: $1034 Traditional Rental Income: $1521 Airbnb ROI: -0.97% Traditional ROI: 0.1%
1705 Reed Street Grinnell, IA Superb ranch home in Grinnellâs northwest neighborhood close to schools and parks. The f...	3 beds \| 2 baths \| 1,040 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.07% Airbnb Rental Income: $null Traditional Rental Income: $1970 Airbnb ROI: N/A Traditional ROI: 6.07%

Real Estate investment in Grinnell, IA

There are 55 properties for sale in the city of Grinnell . The median list price in Grinnell is $239,000 and the average price per square foot is $117. In October 2025, the average monthly cash on cash return in Grinnell is 7.00%. The average monthly rental income in Grinnell is $2,064.

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

There are 55 investment properties available for sale in Grinnell.

In 2025, 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 $2,064.

Your search for investment property begins and ends here

Investment Property for Sale in Grinnell, IA

1710 Spring Street

Grinnell, IA

3 beds | 2 baths | 1,064 sq.ft.

$238,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.26%

Airbnb Rental Income: $null

Traditional Rental Income: $2470

Airbnb ROI: N/A

Traditional ROI: 8.26%

105 Broad Street

Grinnell, IA

3 beds | 1 baths | 1,152 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.05%

Airbnb Rental Income: $null

Traditional Rental Income: $1691

Airbnb ROI: N/A

Traditional ROI: 9.05%

1615 9th Avenue

Grinnell, IA

2 beds | 2 baths | 1,268 sq.ft.

$197,500

Airbnb cash on cash: N/A

Traditional cash on cash: 8.01%

Airbnb Rental Income: $null

Traditional Rental Income: $2059

Airbnb ROI: N/A

Traditional ROI: 8.01%

12 Garden Cottage Lane

Grinnell, IA

3 beds | 3 baths | 1,814 sq.ft.

$319,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2741

Airbnb ROI: N/A

Traditional ROI: 6.36%

1323 5th Avenue

Grinnell, IA

3 beds | 1 baths | 1,892 sq.ft.

$194,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.05%

Airbnb Rental Income: $null

Traditional Rental Income: $1695

Airbnb ROI: N/A

Traditional ROI: 6.05%

539 10th Avenue

Grinnell, IA

3 beds | 2 baths | 1,770 sq.ft.

$229,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.04%

Airbnb Rental Income: $null

Traditional Rental Income: $2339

Airbnb ROI: N/A

Traditional ROI: 8.04%

1426 Prince Street

Grinnell, IA

2 beds | 2 baths | 768 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.23%

Airbnb Rental Income: $null

Traditional Rental Income: $1895

Airbnb ROI: N/A

Traditional ROI: 10.23%

1419 West Street

Grinnell, IA

4 beds | 2 baths | 1,630 sq.ft.

$239,500

Airbnb cash on cash: N/A

Traditional cash on cash: 4.42%

Airbnb Rental Income: $null

Traditional Rental Income: $1594

Airbnb ROI: N/A