OFF MARKET

Off Market Jun 2022 for $300K

$404,863

Est. refi paymentEst. refi $2,012/mo

—

•

— ba

•

5,512

sq ft

1200 Reed St, Grinnell, IA 50112

About this home

Check out this one of a kind apartment building!The propertycurrently has4 spacious 2 bedroom units, but has the potential to finish a 5th unit on thebottom level. There have been no issues keeping them rented, and there is currently a waiting list. Owner has updated nearly everything over the past 5 years: new electric meters, breaker boxes, 4 high efficiency furnace and air conditioner units, high quality windows, new gutters and downspouts, doors, flooring, and much more. The building has a full basement with a poured foundation. The basement holdsthe partially finished 5thunit that would work as a handicap accessible unitwhen completed, a coin operated washer and dryer for additional income, and storage spaces for the tenants. Fully occupied, clean, and meticulously maintained. This investment is the definition of 'turn-key'!!

1963Year Built

0.3 acresLot Size

$73Est. Price/Sq.Ft.

Listed by Nick Beyer • Patriot Realty

Bought with Nick Beyer • Patriot Realty

Source:IAR #5469986

Redfin Estimate

$404,863

$105K since sold in June 2022

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 54.9% higher than the average sale price ($261K) of 6 comparable homes.

SOLD FEB 19, 2026
$163,500
A
4 beds2.5 baths2,080 sq ft
1204 Prairie St, Grinnell, IA 50112
SOLD AUG 12, 2026
$246,000
B
4 beds2 baths1,940 sq ft
507 12th Ave, Grinnell, IA 50112
SOLD APR 17, 2026
$339,900
C
4 beds2.5 baths2,024 sq ft
524 12th Ave, Grinnell, IA 50112
SOLD JUN 4, 2026
$242,000
D
3 beds2.5 baths1,404 sq ft
1921 Spencer St, Grinnell, IA 50112
SOLD JAN 16, 2026
$330,000
E
Land2,796 sq ft
1940 Manor Cir, Grinnell, IA 50112
SOLD FEB 19, 2026
$247,000
F
4 beds2.5 baths2,439 sq ft
1904 Prairie St, Grinnell, IA 50112

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 50112, IA

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

96.2%

0.2% MoM

Median sale price

$252K

$14K MoM

Avg. days on market

50d

6 days MoM

Recently sold homes

1 MoM

New listings for sale

$247,000
3 beds1.5 baths1,574 sq ft
1420 4th Ave, Grinnell, IA 50112
$292,500
4 beds1.5 baths1,418 sq ft
1833 Spencer St, Grinnell, IA 50112
$195,000
2 beds1.5 baths1,126 sq ft
908 Elm St, Grinnell, IA 50112
3D WALKTHROUGH
$159,900
— beds— baths1,541 sq ft
929 - 931 Spring St, Grinnell, IA 50112
$108,500
3 beds1 bath944 sq ft
427 West St, Grinnell, IA 50112
$159,000
3 beds2 baths2,019 sq ft
1202 Main St, Grinnell, IA 50112
See all

Provided by Redfin

Sale history for 1200 Reed St

Date

Event

Price

Public Records

Jun 21, 2022

Sold

$300,000

$54/sq ft

IAR #5469986

Jan 23, 2020

Sold

$259,500

$47/sq ft

Nov 29, 2019

Listed

$270,000

$49/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$5,016 (+1.0%)

$45,120 + $277,680

$322,800

2024

$4,964 (+13.1%)

$41,020 + $260,410

$301,430

2023

$4,390 (−14.4%)

$41,020 + $260,410

$301,430

2022

$5,126 (+34.3%)

$41,020 + $260,410

$301,430

2021

$3,818 (−5.5%)

$29,530 + $202,670

$232,200

2020

$4,040 (+9.9%)

$29,530 + $202,670

$232,200

2019

$3,676 (+1.4%)

$27,070 + $133,460

$160,530

2018

$3,626 (−4.3%)

$27,070 + $133,460

$160,530

2017

$3,790 (−6.2%)

$25,240 + $106,720

$131,960

2016

$4,040 (+0.7%)

$25,240 + $106,720

$131,960

2015

$4,010

$25,240 + $106,720

$131,960

Tax history for 1200 Reed St

Year

Property tax

Land + Additions

Assessment*

2025

$5,016 (+1.0%)

$45,120 + $277,680

$322,800

2024

$4,964 (+13.1%)

$41,020 + $260,410

$301,430

2023

$4,390 (−14.4%)

$41,020 + $260,410

$301,430

2022

$5,126 (+34.3%)

$41,020 + $260,410

$301,430

2021

$3,818 (−5.5%)

$29,530 + $202,670

$232,200

2020

$4,040 (+9.9%)

$29,530 + $202,670

$232,200

2019

$3,676 (+1.4%)

$27,070 + $133,460

$160,530

2018

$3,626 (−4.3%)

$27,070 + $133,460

$160,530

2017

$3,790 (−6.2%)

$25,240 + $106,720

$131,960

2016

$4,040 (+0.7%)

$25,240 + $106,720

$131,960

2015

$4,010

$25,240 + $106,720

$131,960

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,820

Exterior

Exterior Information
Physical Condition: Very Good
Building Type: Apartment

Property Information
Subdivision Name: BAILEYS ADD
Ground Floor Sq. Ft: 1,820
Building Sq. Ft: 5,512
# of Stories: 2
Legal Description: BAILEYS PARCEL D LOT 5C & IN ALLEY LYING E OF LOT 5C BLOCK 4

Lot Information
# of Buildings: 2
Land Sq. Ft: 13,001
Legal Lot Number: 5C
Legal Block Number: 4
Municipality Name: GRINNELL CITY/GRN SCH
Acres: 0.2985
County Use Description: MULTI-RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: —
Baths: —
Sq. Ft.: 5,512
Stories: 2.0
Lot Size: 0.3 acres
Style: Other
Year Built: 1963
Year Renovated: 1963
County: Poweshiek County
APN: 3551600

Home facts updated by county records on Aug 26, 2026

Around this home

Schools

Bailey Park Elementary School

Public K-2 • Assigned • 0.1mi

Grinnell Community Middle School

Public 5-8 • Assigned • 1.5mi

5/10

Grinnell Community Senior High School

Public 9-12 • Assigned • 0.4mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

6/10 Flood Factor

Estimated 62-76% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Grinnell, IA • 50112

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

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Jul

Aug

Sep

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Nov

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Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 1200 Reed St

Data from public records.

Address	Redfin Estimate
1204 Reed Street, Grinnell, IA 2 Beds \| 2 Baths \| 1841 Sq. Ft.	$226,048
1209 Reed Street, Grinnell, IA 3 Beds \| 1.5 Baths \| - Sq. Ft.	$185,986

Address	Redfin Estimate
1216 Reed Street, Grinnell, IA 3 Beds \| 2 Baths \| 978 Sq. Ft.	$187,127
1132 Reed Street, Grinnell, IA 3 Beds \| 3.5 Baths \| 1560 Sq. Ft.	$181,751

Address	Redfin Estimate
1131 Reed Street, Grinnell, IA 2 Beds \| 2 Baths \| 810 Sq. Ft.	$150,970
1122 Reed Street, Grinnell, IA 3 Beds \| 1 Baths \| 1027 Sq. Ft.	$89,406

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About this home

Redfin Estimate

Earn from this home

Market trends in 50112, IA

Sale history for 1200 Reed St

Tax history for 1200 Reed St

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 50112

Home values near 1200 Reed St

More real estate resources