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    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
    33-Unit Apartment Building
    Updated: Nov 19, 2025
    33-Unit Apartment Building

    1521 S G Avenue, Nevada, IA 50201

    $2,100,000
    16,594 sqft 2.05 AC lot
    33‑unit apartment complex with studio apartments and a 2‑bedroom manager’s apartment
    Recently renovated kitchens in each unit
    On‑site laundry room with coin‑operated machines
    2.05‑acre site and 16,594 SF building
    Built in 1997 with vinyl siding, natural gas heat, and asphalt shingle roof
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    Two Three-Story 18-Unit Apartment Buildings
    Two Three-Story 18-Unit Apartment Buildings

    1210 Walton Drive, Ames, IA 50014

    $2,350,000

    Well-maintained 2005-built multifamily package with in-unit laundry and updated LVT flooring, across from a CyRide stop.

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

    View details
    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 8 Active listings in Story County, IA, we suggest exploring several alternatives: similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    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.

    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

    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 Story County, IA

    Consider similar Off-Market properties in Story County, 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

    Story County, IA Apartment Buildings Market Trends and Statistics

    Explore 16 apartment buildings for sale in Story County, IA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 143,249 square feet of properties for sale, with an estimated market value of $14,195,000.

    Sale prices for two-family homes in Story County, IA start at $995,000, averaging $2,365,833, 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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