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    Ames, IA Apartment Buildings for Sale

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    Kelley, IA Gilbert, IA Nevada, IA Huxley, IA Cambridge, IA Story City, IA Slater, IA Luther, IA
    10 properties
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    8-Unit Apartment Building
    Updated: Feb 18
    8-Unit Apartment Building

    215 Jewel Drive, Ames, IA 50010

    $950,000
    8,267 sqft 0.57 AC lot
    8‑unit apartment property built in 1996
    Unit mix includes four 2BR, two 3BR, and two 4BR apartments
    Each unit has 2 full baths
    Two recently renovated vacant units are available for showings
    8,267 square feet on 0.5739 acres
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    Two Three-Story 18-Unit Apartment Buildings
    Updated: May 19
    Two Three-Story 18-Unit Apartment Buildings

    1210 Walton Drive, Ames, IA 50014

    $2,350,000
    Two three‑story, 18‑unit apartment buildings built in 2005 (12 two‑bedroom and 6 three‑bedroom units per building)
    In‑unit laundry and updated LVT flooring throughout
    Units equipped with refrigerator, stove, dishwasher, and microwave
    Two‑bedroom units approx. 875 to 933 SF; three‑bedroom units approx. 1,125 SF
    Located directly across from a CyRide stop; free parking plus fitness center membership
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    Two 18-Unit Apartment Buildings
    Two 18-Unit Apartment Buildings

    1209 Mayfield Drive, Ames, IA 50014

    $2,350,000

    Built in 2005, this West Ames multifamily includes 2- and 3-bedroom units with in-unit laundry and updated LVT flooring.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    8-Unit Apartment Building
    8-Unit Apartment Building

    215 Jewel Dr, Ames, IA 50010

    $950,000
    1,120 sqft

    Eight apartments provide a varied bedroom mix, with two full baths in every unit.

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    Riverview Apartments in Ames, Iowa
    Riverview Apartments in Ames, Iowa

    3500 Grand Ave, Ames, IA 50010

    Contact for pricing
    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

    Contact for pricing
    31,307 sqft

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

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    Student Housing Portfolio Sale
    Student Housing Portfolio Sale

    135 Dotson Drive, Ames, IA 50010

    Contact for pricing

    Mixed student and non-student housing portfolio with ten properties totaling 122 units and 207 bedrooms.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    710 Kellogg Ave, Ames, IA 50010

    Contact for pricing

    Five-unit building with remodeled units, updated plumbing and electrical to code, and a rental certificate in place.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    5910 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    Three-story, brick-on-block apartment building with 76 units on the west edge of Ames.

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    Westfield Three-Story Apartments
    Westfield Three-Story Apartments

    5610 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    A 76-unit multifamily property with brick-on-block construction near Iowa State University.

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 10 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

    Opportunities in Nearby Cities

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

    Apartment Building with Renovated Kitchens
    Apartment Building with Renovated Kitchens

    1521 S G Ave, Nevada, IA 50201

    $2,100,000
    16,594 sqft

    Property includes renovated studio kitchens, coin-operated laundry, and a two-bedroom manager’s apartment.

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    33-Unit Apartment Building
    33-Unit Apartment Building

    1521 S G Avenue, Nevada, IA 50201

    $2,100,000
    16,594 sqft 2.05 AC lot

    Recently renovated 33-unit apartment building in MR R3 zoning with in-unit newly renovated kitchens and on-site coin laundry.

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    Boone Iowa Apartment Community
    Boone Iowa Apartment Community

    1104 8th St, Boone, IA 50036

    Contact for pricing
    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

    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

    $29,440,000
    Estimated value
    144,750 sqft 1.42 AC lot
    View details
    Ames, IA 50014
    HIGH-RISE APARTMENTS

    Ames, IA 50014

    $350,000
    Estimated value
    85,902 sqft 0.43 AC lot
    View details

    Ames, IA Apartment Buildings Market Trends and Statistics

    Explore 18 apartment buildings for sale in Ames, IA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 79,874 square feet of properties for sale, with an estimated market value of $6,600,000.

    Sale prices for two-family homes in Ames, IA start at $950,000, averaging $1,650,000, and reaching up to $2,350,000 — 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 $950K
    50014 $2.4M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Story County

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    Most Searched ZIP Codes in Ames, IA

    • 50010
    • 50014

    Featured Ames Real Estate Agencies

    Realmo connects you with licensed Ames CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Friedrich Iowa Realty
    100 6th Street Ames, IA 50010
    Phone: 15152326175
    GreatIowaHomes.com

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