Courtney Davidson - Nerem & Associates Real Estate Logo
$315,000
 $1,691 est/mo Sourced by Back At You

301 & 303 W 1st Street,Grimes, IA 50111

Grimes, IA 50111

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Description

Great investment opportunity in the growing community of Grimes! Well-maintained duplex with long-term tenants already in place, offering immediate and reliable income potential. Each unit features 3 bedrooms, 1 bath, comfortable living space, and strong rental appeal. The attached 2-car garage is split by a divider wall, giving each unit its own private garage space and entrance. Recent updates include a new high-impact roof in 2025 and updated HVAC in one unit within the last five years. Conveniently located just minutes from the city splash pad, shopping, dining, and everyday amenities, this property is well-positioned for both steady cash flow and future appreciation. All information obtained from seller and public record.

Details

MLS #736678
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1973
Days On Site153
Listing Provided ByRE/MAX Precision | Bo Cosens

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet1,440
Garage2
BasementY
Story(s)1
ZoningR-4
Acreage0.34

Parking

Garage Yes / NoYes
Parking FeaturesDetached, Garage, Two Car Garage

Taxes

Tax Annual Amount4893.26

Area Information

StateIA
CountyPolk
CityGrimes
Zip Code50111
AreaGrimes
Listing VS Median (in 50111)
Price:
$315,000
low | high
Med:
$375,000
30.952380952381% of Average
sqft:
1,440
low | high
Med:
1,519
44.548611111111% of Average
$ / sqft:
$219
low | high
Med:
$248
36.695240540992% of Average
On site:
153
low | high
Med:
15
100% of Average
Sourced by Back At You

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The information is being provided by Des Moines Area Association of REALTORS®. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.

Contact

Learn More About This Property

Courtney Davidson

Courtney Davidson

Nerem and Associates

 (515) 432-5650courtneybdavidson@gmail.com
StateIA
CountyPolk
CityGrimes
Zip Code50111
AreaGrimes
Listing VS Median (in 50111)
Price:
$315,000
low | high
Med:
$375,000
30.952380952381% of Average
sqft:
1,440
low | high
Med:
1,519
44.548611111111% of Average
$ / sqft:
$219
low | high
Med:
$248
36.695240540992% of Average
On site:
153
low | high
Med:
15
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $236K - $393K
sqft: 1,000 - 1,500
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Listing Updated: August 9, 2026 at 4:52:09 AM PDT