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3500 Grand Ave Ames, IA 50010

Sponsored
For Sale
$2,999,995

MULTI_FAMILY - Ames, IA

Type:Apartment
Property size:
13,090 SF
Lot size:
2.10 Acres
Days on Market:
60
Last Refresh:
Jan 5 at 3:06 pm

Property Features for 3500 Grand Ave

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Standard status
Active
Zoning
RH
Rooms
Bathroom 35, Bathroom 11, Bedroom 57, Bathroom 42, Bedroom 27, Bedroom 23, Bedroom 46, Bathroom 31, Bathroom 39, Bathroom 7, Bathroom 23, Bathroom 1, Bedroom 19, Bedroom 8, Bedroom 65, Bedroom 44, Bathroom 21, Bathroom 22, Bathroom 37, Bedroom 21, Bathroom 20, Bedroom 12, Bathroom 13, Bedroom 32, Bathroom 8, Bedroom 2, Bedroom 54, Bathroom 12, Bedroom 33, Bathroom 10, Bathroom 27, Bedroom 43, Bedroom 47, Bedroom 18, Bedroom 48, Bedroom 3, Bathroom 15, Bedroom 60, Bathroom 43, Bedroom 59, Bathroom 36, Bedroom 1, Bedroom 25, Bedroom 13, Bedroom 62, Bedroom 7, Bathroom 38, Bedroom 39, Bedroom 41, Bathroom 3, Bathroom 9, Bathroom 14, Bathroom 16, Bathroom 33, Bedroom 64, Bedroom 29, Bedroom 16, Bedroom 5, Bedroom 37, Bedroom 52, Bedroom 51, Bedroom 22, Bedroom 58, Bedroom 36, Bedroom 56, Bedroom 28, Bedroom 40, Bathroom 19, Bathroom 17, Bedroom 9, Bedroom 53, Bedroom 42, Bedroom 10, Bedroom 11, Bedroom 35, Bathroom 34, Bathroom 40, Bathroom 41, Bedroom 24, Bathroom 28, Bedroom 17, Bathroom 26, Bedroom 61, Bathroom 32, Bathroom 18, Bathroom 24, Bedroom 38, Bedroom 50, Bedroom 55, Bathroom 6, Bedroom 30, Bedroom 26, Bedroom 4, Bathroom 25, Bedroom 34, Bedroom 6, Bedroom 49, Bathroom 5, Bedroom 20, Bathroom 29, Bedroom 45, Bathroom 4, Bedroom 63, Bathroom 30, Bathroom 2, Bedroom 14, Bedroom 31, Bedroom 15
Bedrooms
65
Bathrooms
43
APN
0526300040
Appliances
Dishwasher, Refrigerator, Stove
Size
13,090 SF
Lot size
2.10 Acres

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1977
Number of units
43
Flooring type
Laminate, Carpet
Building materials
MetalSiding
Roof type
Shingle, Asphalt

Century 21 Signature Real Estate (515) 224-4002 [email protected]

Listing agent Ethan Hokel (515) 963-1040

Listing date Nov 7, 2025

MLS# 725195 Listing URL

Copyright © 2026 Des Moines Area Association 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.


Overview

Ames Multifamily Investment Opportunity

This multifamily property in Ames, Iowa, presents an investment opportunity in a college town with rental demand and accessibility to Iowa State University. The property consists of 43 units distributed across two buildings, featuring a mix of 22 two-bedroom units and 21 one-bedroom units. Each unit is equipped with a full bath, refrigerator, stove, and dishwasher. Residents have access to two washers and two dryers in each building. The property has undergone capital improvements, including new roofs and siding. Many HVAC systems have been replaced within the last 10 years, and the water heaters are 5-7 years old. Most decks have been replaced, and updated flooring has been installed in many units. The property is located near North Grand Mall, shopping, and restaurants. The lot size is 2.102 acres and the property size is 13090 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ames
County
Story
State
Iowa
Longitude
-93.618623
Latitude
42.055269

FAQs

What type of property is this?
Apartment building - 43-unit multifamily property near Iowa State University and local amenities.
Where is this apartment building located?
The property is located at 3500 Grand Ave Ames, IA.
What is the asking price?
The asking price for this property is $2,999,995.
What are key features of this property?
This property features: - Significant investment opportunity in high-demand college town (Ames, Iowa) near Iowa State University.; - Substantial property with 43 units across two buildings: a mix of 22 two-bedroom and 21 one-bedroom units.; - Recent capital improvements including **new roofs, siding, many HVAC systems, water heaters, most decks, and updated flooring** in many units.
More about this property
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