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
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%
929 Elm Street Grinnell, IA 1 1/2 Story Craftsman style home. With all the historic charm yet with modern amenities. O...	3 beds \| 2 baths \| 1,286 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.4% Airbnb Rental Income: $null Traditional Rental Income: $1288 Airbnb ROI: N/A Traditional ROI: 3.4%
2099 E 156th Street N Grinnell, IA Have you been wanting for a Grinnell acreage? This one might be the one! This ranch-style ...	3 beds \| 3 baths \| 1,566 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.48% Airbnb Rental Income: $null Traditional Rental Income: $2333 Airbnb ROI: N/A Traditional ROI: 2.48%
2135 Country Club Drive Grinnell, IA Prime location in the Country Club area, conveniently located near the Grinnell College Go...	3 beds \| 3 baths \| 1,608 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $1288 Airbnb ROI: N/A Traditional ROI: 2.67%
1527 Summer Street Grinnell, IA Very nice 2 bed and 1 bath home with a 1-car attached garage. The kitchen was recently upd...	2 beds \| 1 baths \| 1,187 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $1246 Airbnb ROI: N/A Traditional ROI: 3.81%
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.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.88% Airbnb Rental Income: $null Traditional Rental Income: $1895 Airbnb ROI: N/A Traditional ROI: 11.88%
1027 Summer Street Grinnell, IA Welcome to this charming and surprisingly spacious 1.5 story home that perfectly blends cl...	3 beds \| 3 baths \| 1,733 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.3% Airbnb Rental Income: $null Traditional Rental Income: $2346 Airbnb ROI: N/A Traditional ROI: 7.3%
1003 East Street Grinnell, IA NICE PRICE REDUCTION FORTHIS Grand 1900's 2 story home. Walk to down town or the college. ...	2 beds \| 2 baths \| 1,728 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $2296 Airbnb ROI: N/A Traditional ROI: 6.7%
503 Harrison Avenue Grinnell, IA Open House Saturday, 3/28, 11:00AM-1:00PM. Welcome home to this beautifully updated proper...	3 beds \| 2 baths \| 2,237 sq.ft.	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.94% Airbnb Rental Income: $null Traditional Rental Income: $2216 Airbnb ROI: N/A Traditional ROI: 5.94%
426 East Street Grinnell, IA Open House Saturday, 3/28, 11:00-1:00 PM. This charming in-town home offers the perfect bl...	4 beds \| 2 baths \| 1,824 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.02% Airbnb Rental Income: $null Traditional Rental Income: $1424 Airbnb ROI: N/A Traditional ROI: 3.02%
821 8Th Avenue Grinnell, IA This house is the best of both worlds, it can be a single family home or 2 apartments. Eac...	4 beds \| 3 baths \| 2,779 sq.ft.	$169,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.02% Airbnb Rental Income: $null Traditional Rental Income: $2078 Airbnb ROI: N/A Traditional ROI: 9.02%
427 West Street Grinnell, IA Discover this inviting 3-bedroom, 1-bath home featuring a bright and spacious living room,...	3 beds \| 1 baths \| 944 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.75% Airbnb Rental Income: $null Traditional Rental Income: $1540 Airbnb ROI: N/A Traditional ROI: 10.75%
612 Prairie Street Grinnell, IA Charming updated home in the heart of Grinnell - 612 Prairie St! This beautifully refreshe...	3 beds \| 2 baths \| 1,531 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.72% Airbnb Rental Income: $null Traditional Rental Income: $2150 Airbnb ROI: N/A Traditional ROI: 11.72%
5029 E 156Th Street Grinnell, IA Country living at it's best. Gorgeous views in all directions. 2 story home with 4 bedroom...	4 beds \| 1 baths \| 1,352 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.64% Airbnb Rental Income: $null Traditional Rental Income: $1823 Airbnb ROI: N/A Traditional ROI: 4.64%
1620 Broad Street Grinnell, IA Welcome to a timelessly refreshed mid-century home with 4 bedrooms, 2.5 baths, & 3 garage ...	3 beds \| 3 baths \| 1,678 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.25% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 5.25%
1204 3rd Avenue Grinnell, IA This 4 bedroom, 3 bathroom home is one of the four jewels of 3rd and High St. This home sh...	4 beds \| 3 baths \| 2,840 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.25% Airbnb Rental Income: $null Traditional Rental Income: $2887 Airbnb ROI: N/A Traditional ROI: 5.25%
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: -0.34% Traditional cash on cash: 1.52% Airbnb Rental Income: $954 Traditional Rental Income: $1249 Airbnb ROI: -0.34% Traditional ROI: 1.52%
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 HUGE PRICE REDUCTION COME TOUR THIS BEAUTIFUL HOME DON'T MISS OUT! Nicely Maintained 1900'...	3 beds \| 2 baths \| 1,061 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.83% Airbnb Rental Income: $null Traditional Rental Income: $2064 Airbnb ROI: N/A Traditional ROI: 7.83%
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: 0.5% Traditional cash on cash: 4.36% Airbnb Rental Income: $954 Traditional Rental Income: $1334 Airbnb ROI: 0.5% Traditional ROI: 4.36%
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: -1.68% Traditional cash on cash: -0.92% Airbnb Rental Income: $954 Traditional Rental Income: $1601 Airbnb ROI: -1.68% Traditional ROI: -0.92%
616 Harrison Avenue Grinnell, IA This thoughtfully crafted custom Bruce Baustine built home, built to grow with you. Featur...	2 beds \| 2 baths \| 1,184 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.61% Airbnb Rental Income: $null Traditional Rental Income: $2119 Airbnb ROI: N/A Traditional ROI: 6.61%
1032 Pearl Street Grinnell, IA GREAT PRICE FOR THIS HOME!! PRICE REDUCED!!Large Corner lot for this 2 bedroom, 2 story ho...	2 beds \| 1 baths \| 1,036 sq.ft.	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.68% Airbnb Rental Income: $null Traditional Rental Income: $1594 Airbnb ROI: N/A Traditional ROI: 11.68%
1425 Penrose Street Grinnell, IA A wonderful family home is now available for purchase, situated directly across from Ahren...	4 beds \| 2 baths \| 2,892 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%
379 460Th Avenue Grinnell, IA Looking for that affordable acreage? This is the one! 3 Bedroom, 1 1/2 bath home that has ...	3 beds \| 2 baths \| 1,260 sq.ft.	$304,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $2133 Airbnb ROI: N/A Traditional ROI: 5.33%
1517 Elm Street Grinnell, IA Step inside this beautifully preserved historic home where the character of careful crafts...	5 beds \| 3 baths \| 2,624 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.81% Airbnb Rental Income: $null Traditional Rental Income: $2882 Airbnb ROI: N/A Traditional ROI: 6.81%
329 Broad Street 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%
1519 Davis Avenue Grinnell, IA Welcome to 1519 Davis Avenue! This is a one level with 3 bedroom, 1 3/4 baths ranch style ...	3 beds \| 2 baths \| 1,200 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.59% Airbnb Rental Income: $null Traditional Rental Income: $2305 Airbnb ROI: N/A Traditional ROI: 7.59%
1921 Spencer Street Grinnell, IA Step into this beautifully updated 3-bedroom, 2.5-bath split-foyer home offering over 1,40...	3 beds \| 3 baths \| 2,289 sq.ft.	$262,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.03% Airbnb Rental Income: $null Traditional Rental Income: $2701 Airbnb ROI: N/A Traditional ROI: 8.03%
500 Harrison Avenue Grinnell, IA This ranch-style home with 5 bedrooms and 1 3/4 bathrooms is move-in ready. Upper level ha...	5 beds \| 2 baths \| 960 sq.ft.	$205,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.86% Airbnb Rental Income: $null Traditional Rental Income: $2084 Airbnb ROI: N/A Traditional ROI: 7.86%
1324 Main Street Grinnell, IA A classic four square, 2,182 sq ft (first two floors) plus another 462 sq ft of living spa...	5 beds \| 3 baths \| 2,186 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.18% Airbnb Rental Income: $null Traditional Rental Income: $2727 Airbnb ROI: N/A Traditional ROI: 7.18%
711 16th Avenue #U202 Grinnell, IA This bright second-floor condo offers comfortable living with peaceful seasonal countrysid...	2 beds \| 2 baths \| 1,407 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.17% Airbnb Rental Income: $null Traditional Rental Income: $1685 Airbnb ROI: N/A Traditional ROI: 6.17%
711 16th Avenue unit: U103 Grinnell, IA Discover this east-facing, ground floor unit conveniently situated across from the undergr...	2 beds \| 2 baths \| 1,407 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.79% Airbnb Rental Income: $null Traditional Rental Income: $1535 Airbnb ROI: N/A Traditional ROI: 2.79%
244 4th Avenue W Grinnell, IA Turn-key, move in-ready townhome! Offering a generous living space with 3 bedrooms and 2 1...	3 beds \| 3 baths \| 1,780 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.14% Airbnb Rental Income: $null Traditional Rental Income: $1986 Airbnb ROI: N/A Traditional ROI: 6.14%
1126 Summer Street Grinnell, IA Location, quality, and timeless character come together in this beautifully maintained 190...	4 beds \| 4 baths \| 4,185 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.65% Airbnb Rental Income: $null Traditional Rental Income: $3651 Airbnb ROI: N/A Traditional ROI: 6.65%
812 6th Avenue W Grinnell, IA Welcome to this well-updated, 4 bedroom, 2 bath home situated on a general .84-acre lot wi...	4 beds \| 2 baths \| 1,932 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.94% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 6.94%
1710 Country Club Drive Grinnell, IA Character meets modern luxury in this meticulously maintained Dutch Colonial home located ...	3 beds \| 3 baths \| 1,797 sq.ft.	$297,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.58% Airbnb Rental Income: $null Traditional Rental Income: $2601 Airbnb ROI: N/A Traditional ROI: 6.58%
1722 Spring Street Grinnell, IA Welcome to this lovingly maintained 3 bedroom plus office tri level home that perfectly bl...	3 beds \| 3 baths \| 1,778 sq.ft.	$307,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.76% Airbnb Rental Income: $null Traditional Rental Income: $1288 Airbnb ROI: N/A Traditional ROI: 1.76%
1622 Prairie Street Grinnell, IA Check out this desirable ranch in NW Grinnell. The main floor consists of 3 bedrooms and o...	3 beds \| 2 baths \| 1,440 sq.ft.	$225,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.08% Airbnb Rental Income: $null Traditional Rental Income: $1288 Airbnb ROI: N/A Traditional ROI: 3.08%
433 Main Street Grinnell, IA Estate Sold-As-Is with some personal items staying with the home. 1 1/5 story home on corn...	1 beds \| 1 baths \| 1,094 sq.ft.	$92,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 7.29% Airbnb Rental Income: $1045 Traditional Rental Income: $913 Airbnb ROI: 4.72% Traditional ROI: 7.29%

Real Estate investment in Grinnell, IA

There are 53 properties for sale in the city of Grinnell . The median list price in Grinnell is $222,450 and the average price per square foot is $113. In March 2026, the average monthly cash on cash return in Grinnell is 6.00%. The average monthly rental income in Grinnell is $1,846.

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

There are 53 investment properties available for sale in Grinnell.

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

The ROI for Short-Term is higher than the Long-Term in Grinnell with average rental income of $954.

Your search for investment property begins and ends here

Investment Property for Sale in Grinnell, IA

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%

929 Elm Street

Grinnell, IA

3 beds | 2 baths | 1,286 sq.ft.

$219,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.4%

Airbnb Rental Income: $null

Traditional Rental Income: $1288

Airbnb ROI: N/A

Traditional ROI: 3.4%

2099 E 156th Street N

Grinnell, IA

3 beds | 3 baths | 1,566 sq.ft.

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.48%

Airbnb Rental Income: $null

Traditional Rental Income: $2333

Airbnb ROI: N/A

Traditional ROI: 2.48%

2135 Country Club Drive

Grinnell, IA

3 beds | 3 baths | 1,608 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.67%

Airbnb Rental Income: $null

Traditional Rental Income: $1288

Airbnb ROI: N/A

Traditional ROI: 2.67%

1527 Summer Street

Grinnell, IA

2 beds | 1 baths | 1,187 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.81%

Airbnb Rental Income: $null

Traditional Rental Income: $1246

Airbnb ROI: N/A

Traditional ROI: 3.81%

1426 Prince Street

Grinnell, IA

2 beds | 2 baths | 768 sq.ft.

$130,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.88%

Airbnb Rental Income: $null

Traditional Rental Income: $1895

Airbnb ROI: N/A

Traditional ROI: 11.88%

1027 Summer Street

Grinnell, IA

3 beds | 3 baths | 1,733 sq.ft.

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.3%

Airbnb Rental Income: $null

Traditional Rental Income: $2346

Airbnb ROI: N/A

Traditional ROI: 7.3%

1003 East Street

Grinnell, IA

2 beds | 2 baths | 1,728 sq.ft.

$265,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2296

Airbnb ROI: N/A