1108-1110 Roosevelt Avenue, Ames, IA 50010
- Added:
- Jun 12, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 13 at 7:06 am
Property Features for 1108-1110 Roosevelt Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- UCRM
- Exterior features
- Steel Siding
- Basement
- Full
- Standard status
- Active
- APN
- 09-03-233-210
- Size
- 1,722 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- BAIRD'S ADD BLOCK:6 LOT:21 AMES
- Tax Annual Amount
- 3838
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Carpet
Listing agent Jason Miller License #S60465 (515) 232-SELL
Listing office Weichert, Realtors(R)-Miller & Clark Agency 103 E Sixth St. Park Plaza Suite 102, Ames, IA (515) 232-SELL
Listing date Jun 12, 2026
Copyright © 2026 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Solid duplex built in 1920, with 2 bedrooms and 1 full bath per unit
- Each unit includes its own laundry, plus a basement that is unfinished but usable
- Central air with forced‑air natural gas heating
- Private backyard and a 2‑car shared garage
- Public water and public sewer
- Steel siding with flooring including vinyl, hardwood, and carpet
Overview
Located in Ames within a quiet neighborhood setting, the property is described as just one block from Roosevelt Park. That proximity supports easy access to outdoor recreation and community events. With Roosevelt Avenue as the address, the site benefits from straightforward residential access typical for a duplex in an established area.
The floorplan and separate laundry make this duplex a workable fit for tenants seeking comfortable, self-contained living. It can also be considered for owner-occupants looking to live in one unit while renting the other, supported by the duplex arrangement and the presence of usable basement space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.8k | $11.52 |
| − Vacancy | −$998 | −$0.58 |
| EGI | $18.8k | $10.94 |
| − OpEx | −$5.7k | −$3.28 |
| NOI | $13.2k | $7.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ames
- County
- Story
- State
- Iowa
- Longitude
- -93.622199
- Latitude
- 42.032408
