301 & 303 W 1st Street
Grimes, IA 50111
2
Bed
1
Bath
1,440Sqft
0.34Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Has Basement: Yes Basement: Partially Finished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Cooktop, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1973 Building Area Total: 1440 Construction Materials: Vinyl Siding Stories: 1 Private Pool: No
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Lot Information
Lot Dimensions: 100X150 Main Square Feet: 0.341 Acres Lot Size Acres: 0.341 Lot Size Square Feet: 14866
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Listing Price Information
Listing Price: $315000 Original Price: $325000 Cash, Conventional, FHA, USDA Loan, VA Loan
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Tax Information
Parcel Number: 31100345001000 Annual Tax: $4893.26 Tax Legal Desc: LOT 1 PARKVIEW PLAZA PLAT 2
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: Take I-35 N to Grimes. Take exit 127B to merge onto IA-141 W/SE Grimes Blvd. Use the right lane to take the ramp to IA-44/Grimes/Saylorville Lk. Turn left onto IA-44 W/E 1st St. Home will be on the right. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1785 SW Sienna Court, Grimes, IA, 50111 | $429,900 | 4 | 3 | 1,390 | 1,390 SqFt |
| 1753 SW Sienna Court, Grimes, IA, 50111 | $429,900 | 4 | 3 | 1,410 | 1,410 SqFt |
| 1737 SW Sienna Court, Grimes, IA, 50111 | $424,900 | 4 | 3 | 1,433 | 1,433 SqFt |
| 1092 SW Cattail Road, Grimes, IA, 50111 | $639,000 | 4 | 3 | 1,600 | 1,600 SqFt |
| 1435 NW Timber Lane, Grimes, IA, 50111 | $335,000 | 4 | 3 | 1,745 | 1,745 SqFt |
| 1031 SW Boulder Drive, Grimes, IA, 50111 | $559,900 | 5 | 4 | 2,628 | 2,628 SqFt |
| 1421 NW Timber Lane, Grimes, IA, 50111 | $328,000 | 3 | 3 | 1,578 | 1,578 SqFt |
| 1301 SW 18th Court, Grimes, IA, 50111 | $534,900 | 4 | 3 | 1,579 | 1,579 SqFt |
| 570 NW Cherrywood Lane, Grimes, IA, 50111 | $339,000 | 3 | 3 | 1,218 | 1,218 SqFt |
| 1662 SW Maplewood Drive, Grimes, IA, 50111 | $429,900 | 3 | 2 | 1,387 | 1,387 SqFt |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 08/28/2026 @ 22:41
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