301 & 303 W 1st StreetGrimes, IA 50111

Single Family · 2 Beds · 1 Full Bath · 1,440 Sq. ft. | 0.34 Acres
$315,000 Active

301 & 303 W 1st Street Overview

Time on Site:
101 days
Visits:
57

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.

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301 & 303 W 1st Street Facts & Features

  • Type Single Family
  • Sq. ft. 1,440
  • Price/Sq.ft. $219
  • Lot 0.34 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Dallas Center-Grimes

Building Information

  • Year Built: 1973

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: Grimes
  • Postal City: Grimes

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 4893.26

General Information

  • Listing Terms: Cash,Conventional,FHA,USDA Loan,VA Loan
  • Parcel Number: 31100345001000
  • Property Sub Type: Residential
  • Property Type: Residential
  • Senior Community: false
  • Zoning: R-4

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2

Building Interior

  • Below Grade Finished Area: 158.0
  • Building Area Total: 1440.0

General Information

  • Appliances: Dishwasher,Microwave,Refrigerator,Stove
  • Basement: Partially Finished
  • Living Area: 1440.0
  • Main Level Bedrooms: 2
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Detached,Garage,Two Car Garage

Lot Information

  • Lot Size Acres: 0.341
  • Lot Size Area: 0.341
  • Lot Size Dimensions: 100X150
  • Lot Size Square Feet: 14866.0
  • Lot Size Units: Acres
  • Road Surface Type: Concrete
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Ranch
  • Attached Garage: false
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt,Shingle

General Information

  • Sewer: Public Sewer

301 & 303 W 1st Street Neighborhood

Community

50111 (Grimes) Demographics

36
Median Age
562
Population Density (per sq. mile)
54%
College Educated
$100,589
Estimated Median Income
4,186
Estimated Total Home Owners
1,758
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

301 & 303 W 1st Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

301 & 303 W 1st Street Market Data

Based on the last 30 days in this zip code

$428,209
Average List Price
$264
Average Price per Square Foot
52
Properties Sold
77
Average Days on Market
196
Properties for Sale
Calculations provided by Reliance Network

301 & 303 W 1st Street History

Date Event Value Agent
4/15/2026Source: Des Moines Area Price Reduction
$315,000 -3.1%
3/20/2026Source: Des Moines Area Added to Database
March 20, 2026
Listing provided courtesy of RE/MAX Precision- MLS# 736678MLS Provider