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.	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.38% Airbnb Rental Income: $null Traditional Rental Income: $1691 Airbnb ROI: N/A Traditional ROI: 9.38%
711 7th Avenue 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: 0.63% Traditional cash on cash: 4.06% Airbnb Rental Income: $1030 Traditional Rental Income: $1399 Airbnb ROI: 0.63% Traditional ROI: 4.06%
1604 5th Avenue 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: 2.06% Traditional cash on cash: 10.09% Airbnb Rental Income: $1030 Traditional Rental Income: $1699 Airbnb ROI: 2.06% Traditional ROI: 10.09%
816 10th Avenue Grinnell, IA Discover this beautifully restored craftsman-style home located just a few blocks from Gri...	3 beds \| 2 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 Avenue Grinnell, IA Welcome home to this timeless Historic Foursquare, where classic charm meets everyday comf...	4 beds \| 3 baths \| 2,538 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.7% Airbnb Rental Income: $null Traditional Rental Income: $1424 Airbnb ROI: N/A Traditional ROI: 1.7%
1820 4Th Avenue Grinnell, IA Welcome home to 1820 4th Avenue! This ranch home offers outstanding curb appeal, inviting ...	2 beds \| 2 baths \| 1,654 sq.ft.	$204,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.71% Airbnb Rental Income: $null Traditional Rental Income: $2234 Airbnb ROI: N/A Traditional ROI: 8.71%
932 East Street 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%
904 East Street 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.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.32% Airbnb Rental Income: $null Traditional Rental Income: $2533 Airbnb ROI: N/A Traditional ROI: 8.32%
1935 Reed Street Grinnell, IA This remarkable 5 bedroom walkout ranch in a prime Northwest Grinnell location that perfec...	5 beds \| 3 baths \| 2,684 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $3022 Airbnb ROI: N/A Traditional ROI: 4.73%
503 Harrison Avenue Grinnell, IA New Price - this beautiful home is ready for new owners! Welcome home to this beautifully ...	3 beds \| 2 baths \| 2,237 sq.ft.	$264,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.2% Airbnb Rental Income: $null Traditional Rental Income: $2216 Airbnb ROI: N/A Traditional ROI: 6.2%
811 8th Avenue Grinnell, IA This turnkey ready 4 bedroom 2 story home is 2 blocks from the college. Welcomed home by a...	4 beds \| 3 baths \| 2,290 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.39% Airbnb Rental Income: $null Traditional Rental Income: $2653 Airbnb ROI: N/A Traditional ROI: 7.39%
804 Summer Street 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.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $1377 Airbnb ROI: N/A Traditional ROI: 5.09%
426 East Street Grinnell, IA In town acreage - 1.07 acre lot! If you want to be in town but have space for a garden, sh...	4 beds \| 2 baths \| 1,824 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.93% Airbnb Rental Income: $null Traditional Rental Income: $2439 Airbnb ROI: N/A Traditional ROI: 6.93%
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%
1219 Spencer Street Grinnell, IA Are you weary of paying rent? It might be the right moment to explore a well cared for 3-4...	4 beds \| 2 baths \| 1,244 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.23% Airbnb Rental Income: $null Traditional Rental Income: $1513 Airbnb ROI: N/A Traditional ROI: 7.23%
1016 Elm Street Grinnell, IA Discover this beautifully resurrected and meticulously maintained two story single family ...	3 beds \| 2 baths \| 1,696 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.26% Airbnb Rental Income: $null Traditional Rental Income: $2178 Airbnb ROI: N/A Traditional ROI: 7.26%
1232 Main Street Grinnell, IA Vintage chic! Introducing a beautiful professionally remodeled 1 3/4 story house, nestled ...	2 beds \| 2 baths \| 1,414 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.2% Airbnb Rental Income: $null Traditional Rental Income: $1423 Airbnb ROI: N/A Traditional ROI: 3.2%
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.	$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%
925 Reed Street Grinnell, IA What?! A 4 car detached garage with heat and floor drains, what more could you ask for? Ho...	3 beds \| 3 baths \| 2,192 sq.ft.	$224,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.86% Airbnb Rental Income: $null Traditional Rental Income: $2518 Airbnb ROI: N/A Traditional ROI: 8.86%
1208 Main Street Grinnell, IA Recently remodeled 3-4 bedroom home 2 blocks from college and 2 blocks from downtown. This...	4 beds \| 2 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%
1940 West Street Grinnell, IA Welcome to this newly updated 4-bedroom home featuring 1 full and 1 half bath, set on a sp...	4 beds \| 2 baths \| 1,952 sq.ft.	$363,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $2606 Airbnb ROI: N/A Traditional ROI: 5.45%
1620 Broad Street Grinnell, IA Welcome to an incredibly priced, timelessly refreshed mid-century home with 4 bedrooms, 2....	3 beds \| 3 baths \| 1,678 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.39% Airbnb Rental Income: $null Traditional Rental Income: $2679 Airbnb ROI: N/A Traditional ROI: 6.39%
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.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2887 Airbnb ROI: N/A Traditional ROI: 5.41%
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.	$349,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 1.66% Airbnb Rental Income: $1030 Traditional Rental Income: $1249 Airbnb ROI: -0.11% Traditional ROI: 1.66%
1202 Main Street Grinnell, IA Welcome to your next investment property in Grinnell! This up and down duplex is within on...	N/A beds \| N/A baths \| 2,019 sq.ft.	$172,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 5.66% Airbnb Rental Income: $1030 Traditional Rental Income: $1382 Airbnb ROI: 1.31% Traditional ROI: 5.66%
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%
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: 0.84% Traditional cash on cash: 4.36% Airbnb Rental Income: $1030 Traditional Rental Income: $1334 Airbnb ROI: 0.84% 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: -1.63% Traditional cash on cash: -0.92% Airbnb Rental Income: $1030 Traditional Rental Income: $1601 Airbnb ROI: -1.63% Traditional ROI: -0.92%
1425 Penrose Street 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 Street Grinnell, IA Step inside this beautifully preserved historic home where the character of careful crafts...	5 beds \| 3 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 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%
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.	$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%
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.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1986 Airbnb ROI: N/A Traditional ROI: 6.31%
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.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.08% Airbnb Rental Income: $null Traditional Rental Income: $2550 Airbnb ROI: N/A Traditional ROI: 7.08%
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%
1316 4th Avenue Grinnell, IA Reduced! Discover this masterfully reconstructed residence where historic character meets ...	4 beds \| 3 baths \| 2,001 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $2629 Airbnb ROI: N/A Traditional ROI: 6.7%
1132 Elm Street Grinnell, IA Step into this charming four-bedroom home situated in an unbeatable prime location just on...	4 beds \| 2 baths \| 1,749 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.76% Airbnb Rental Income: $null Traditional Rental Income: $2385 Airbnb ROI: N/A Traditional ROI: 10.76%
1952 Spaulding Lane Grinnell, IA Coming SOON! A brand new custom-built home is on the way at Prairie Pointe Estates. This s...	4 beds \| 3 baths \| 1,551 sq.ft.	$499,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.66% Airbnb Rental Income: $null Traditional Rental Income: $2527 Airbnb ROI: N/A Traditional ROI: 2.66%
2007 Spring Street Grinnell, IA New Price! Park-side living at its best! This move-in ready 3-bedroom (with an additional ...	4 beds \| 2 baths \| 1,164 sq.ft.	$224,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.88% Airbnb Rental Income: $null Traditional Rental Income: $2064 Airbnb ROI: N/A Traditional ROI: 6.88%

Real Estate investment in Grinnell, IA

There are 56 properties for sale in the city of Grinnell . The median list price in Grinnell is $195,899 and the average price per square foot is $92. In July 2026, the average monthly cash on cash return in Grinnell is 7.00%. The average monthly rental income in Grinnell is $2,150.

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

There are 56 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 $2,150.

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.

$144,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.38%

Airbnb Rental Income: $null

Traditional Rental Income: $1691

Airbnb ROI: N/A

Traditional ROI: 9.38%

711 7th Avenue

Grinnell, IA

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

$225,000

Airbnb cash on cash: 0.63%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1030

Traditional Rental Income: $1399

Airbnb ROI: 0.63%

Traditional ROI: 4.06%

1604 5th Avenue

Grinnell, IA

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

$133,500

Airbnb cash on cash: 2.06%

Traditional cash on cash: 10.09%

Airbnb Rental Income: $1030

Traditional Rental Income: $1699

Airbnb ROI: 2.06%

Traditional ROI: 10.09%

816 10th Avenue

Grinnell, IA

3 beds | 2 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 Avenue

Grinnell, IA

4 beds | 3 baths | 2,538 sq.ft.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.7%

Airbnb Rental Income: $null

Traditional Rental Income: $1424

Airbnb ROI: N/A

Traditional ROI: 1.7%

1820 4Th Avenue

Grinnell, IA

2 beds | 2 baths | 1,654 sq.ft.

$204,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.71%

Airbnb Rental Income: $null

Traditional Rental Income: $2234

Airbnb ROI: N/A

Traditional ROI: 8.71%

932 East Street

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%

904 East Street

Grinnell, IA

4 beds | 2 baths | 2,647 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.32%

Airbnb Rental Income: $null

Traditional Rental Income: $2533

Airbnb ROI: N/A