Ames IA Multi Family for Sale
$1,190,000
439 S Maple Avenue Ames, IA 50010
- Type:
- Cluster
- Sq.Ft.:
- 7,436
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.33 Acres
- Year built:
- 1975
- Baths:
- 8.00
- MLS#:
- 704069
ADDITIONAL INFORMATION
The Cardinal View apartment building offers a lucrative 8-unit investment opportunity, strategically located within walking distance of Iowa State University’s Hilton Coliseum, Jack Trice Stadium, and the upcoming CyTown development. This prime location ensures a consistent rental demand from students, sports fans, and professionals alike. The building comprises fully rented 2-bedroom, 1-bath units, providing a stable income stream for investors. Recent significant improvements enhance the building’s value and long-term appeal. With a strong rental history and proximity to key landmarks, Cardinal View presents a compelling opportunity for investors seeking steady cash flow and long-term appreciation.
$397,900
513 Garden Road Ames, IA 50010
- Type:
- Cluster
- Sq.Ft.:
- 1,728
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.29 Acres
- Year built:
- 1976
- Baths:
- 4.00
- MLS#:
- 700893
ADDITIONAL INFORMATION
This renovated duplex, located on the south side of Ames, presents an outstanding investment opportunity with a CAP rate of 6.5% and secured leases extending through July 2025. The exterior was just refreshed with new vinyl siding. Each unit offers 3 bedrooms and 2 bathrooms, featuring recent upgrades such as flooring, paint, appliances, countertops, hardware, and fixtures. The main floor of each unit includes a living room, an eat-in kitchen, two bedrooms, and a full bathroom. The walkout lower level expands the living space with a third bedroom, a ¾ bathroom, a laundry room, and a family room, with access to two patios nestled under mature trees. Additional conveniences include an attached two-car garage (one per unit) and off-street parking. Situated in a desirable neighborhood close to Mitchell Elementary, this property boasts a strong rental history and quick occupancy, ensuring consistent rental income.
$300,000
3722-3724 Ross Road Ames, IA 50014
- Type:
- Cluster
- Sq.Ft.:
- 1,161
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.22 Acres
- Year built:
- 1930
- Baths:
- 2.00
- MLS#:
- 701032
ADDITIONAL INFORMATION
Well-maintained Duplex in Ames. Unit 1 has 2 bedrooms and 1 bath and unit 2 has 3 bedrooms and 1 bath. Whole house has been rented until July 27, 2025, for $2200. Great investment property that you don't want to miss out on!
This 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. This is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2024 Des Moines Area Association of Realtors. All rights reserved.
Ames Real Estate
The median home value in Ames, IA is $312,000. This is higher than the county median home value of $178,400. The national median home value is $219,700. The average price of homes sold in Ames, IA is $312,000. Approximately 37.59% of Ames homes are owned, compared to 58.02% rented, while 4.39% are vacant. Ames real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ames real estate agent to arrange a tour today!
Ames, Iowa has a population of 65,005. Ames is less family-centric than the surrounding county with 34.65% of the households containing married families with children. The county average for households married with children is 36.2%.
The median household income in Ames, Iowa is $42,755. The median household income for the surrounding county is $52,671 compared to the national median of $57,652. The median age of people living in Ames is 23.1 years.
Ames Weather
The average high temperature in July is 84 degrees, with an average low temperature in January of 11 degrees. The average rainfall is approximately 35.8 inches per year, with 27.8 inches of snow per year.