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    Ames, IA Apartment Buildings for Sale

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    Luther, IA Gilbert, IA Nevada, IA Huxley, IA Boone, IA Cambridge, IA Story City, IA Sheldahl, IA
    6 properties
    Turnkey 8-Plex Rental Property
    Updated: Feb 18
    Turnkey 8-Plex Rental Property

    215 Jewel Drive, Ames, IA 50010

    $995,000
    8,267 sqft 0.57 AC lot
    8‑plex with unit mix of 4 two‑bedroom, 2 three‑bedroom, and 2 four‑bedroom units
    All units include 2 full baths
    Built in 1996 with steel siding exterior
    Central air cooling plus forced‑air natural gas heating
    Public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    215 Jewel Drive, Ames, IA 50010

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $55K
      Annual

    • Price @ 7% Cap

      $790K
      Suggested

    • Property Type

      Condominium
      Built 1996
    View Property Analytics
    Multifamily Property in West Ames
    Updated: May 19
    Multifamily Property in West Ames

    1209 Mayfield Drive, Ames, IA 50014

    $2,350,000
    Package sale: 1209 Mayfield Dr and 1210 Walton Dr must be purchased together
    Two 18‑unit multifamily buildings (36 units total), built in 2005
    Unit mix: 12 two‑bedroom units and 6 three‑bedroom units per building (2BR 875–933 SF; 3BR 1,125 SF)
    All units include in‑unit laundry and updated LVT flooring
    New roofs in 2025
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    Ames Multifamily Property Package
    Ames Multifamily Property Package

    1210 Walton Drive, Ames, IA 50014

    $2,350,000

    Well-maintained multifamily property in West Ames with comfortable, updated units.

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    Student Housing Portfolio in Ames
    Student Housing Portfolio in Ames

    519 Welch Avenue, Ames, IA 50014

    $4,300,000
    31,307 sqft

    47-unit student housing portfolio near Iowa State University.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Riverview Apartments in Ames, Iowa
    Riverview Apartments in Ames, Iowa

    3500 Grand Ave, Ames, IA 50010

    $2,850,000
    39,180 sqft

    43-unit apartment community near Iowa State University.

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    Ames Iowa Student Housing Portfolio
    Ames Iowa Student Housing Portfolio

    626 South 16th Street, Ames, IA 50010

    $4,300,000
    31,307 sqft

    47-unit multifamily portfolio near Iowa State University for sale.

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 6 Active listings in Ames, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Woodward IA Multifamily Investment Opportunity
    Woodward IA Multifamily Investment Opportunity

    111 S Main Street, Woodward, IA 50276

    $240,000
    4,760 sqft 0.16 AC lot

    Ten apartments with good rental history and low vacancy rates.

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    Boone Iowa Apartment Community
    Boone Iowa Apartment Community

    1104 8th St, Boone, IA 50036

    $3,595,000
    42,122 sqft

    57-unit apartment community in Boone, Iowa, near Iowa State.

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    Seven-Unit Apartment Community with Garages
    Seven-Unit Apartment Community with Garages

    823 Doran Drive, Boone, IA 50036

    $425,000

    Small multifamily in Boone offers studio and 1–2 bedroom units plus detached garages and surface parking.

    View details
    Mixed-Use Laundromat and Apartments
    Mixed-Use Laundromat and Apartments

    115 S Main St, Woodward, IA 50276

    $223,000

    Income-focused mixed-use property combining a commercial laundromat with five rental units.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

    View details
    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Ames, IA

    Consider similar Off-Market properties in Ames, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2702 Lincoln Way
    HIGH-RISE APARTMENTS

    2702 Lincoln Way, Ames, IA 50014-7422

    $31,755,000
    Estimated value
    289,606 sqft 0.04 AC lot
    View details
    2700 Lincoln Way
    HIGH-RISE APARTMENTS

    2700 Lincoln Way, Ames, IA 50014-7594

    $31,755,000
    Estimated value
    289,606 sqft 1.77 AC lot
    View details
    111 Lynn Ave
    HIGH-RISE APARTMENTS

    111 Lynn Ave, Ames, IA 50014-7191

    $40,230,000
    Estimated value
    105,550 sqft 0.62 AC lot
    View details
    439 Maple Ave
    Multifamily properties

    439 Maple Ave, Ames, IA 50010

    Value Estimation by Request
    View details
    2300 Lincoln Way, Unit 100
    HIGH-RISE APARTMENTS

    2300 Lincoln Way, Ames, IA 50014-7103

    Unit 100
    $4,740,000
    Estimated value
    85,902 sqft 0.43 AC lot
    View details
    720 Kellogg Ave
    HIGH-RISE APARTMENTS

    720 Kellogg Ave, Ames, IA 50010-6256

    $1,725,000
    Estimated value
    28,280 sqft 0.50 AC lot
    View details
    Ames, IA 50014
    HIGH-RISE APARTMENTS

    Ames, IA 50014

    Value Estimation by Request
    144,750 sqft 1.42 AC lot
    View details
    Ames, IA 50014
    HIGH-RISE APARTMENTS

    Ames, IA 50014

    Value Estimation by Request
    85,902 sqft 0.43 AC lot
    View details

    Ames, IA Apartment Buildings Market Trends and Statistics

    Explore 14 apartment buildings for sale in Ames, IA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 110,061 square feet of properties for sale, with an estimated market value of $12,445,000.

    Sale prices for two-family homes in Ames, IA start at $995,000, averaging $3,111,250, and reaching up to $4,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 71K
    Population Growth (5Y) +1.2%
    Median Household Income $61,665
    College Educated 81.6%

    High-Yield Neighborhoods for Investment

    Identify Ames submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50010 $2.7M
    50014 $3M

    Taxes & Financing

    Tax Rate (average for all types) 2.40%
    Property Tax per SF $22.54 per SF
    Tax Rate vs County Average 0.15 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Story County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Ames, IA

    • 50010
    • 50014

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