Two-Bedroom Duplex with Private
1108-1110 Roosevelt Avenue Ames, IA 50010
For Sale
$243,500
Pending
MULTI_FAMILY - Ames, IA
Property Size1,722 SF
Lot Size0.14 Acres
Days on Market47
Property Features for 1108-1110 Roosevelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
UCRM
Exterior features
Steel Siding
Basement
Full
Standard status
Pending
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
Carpet, Vinyl, Hardwood
Listing Agency:
Weichert, Realtors(R)-Miller & Clark Agency
(515) 232-SELL
Listed By:
Jason Miller · License #S60465
(515) 232-SELL
Added: Jun 12
Changed: Jul 25
Last Checked: Jul 28 at 4:06PM
MLS# 70465
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.
Investment Insights
Based on property information with market context.
This solid duplex is configured as a 2-bedroom, 1-bath home and offers a practical split layout across two floors. The main floor includes a generous living room and a nice-size kitchen. Upstairs are two bedrooms and a full bathroom. The lower level is unfinished but usable, and each unit has its own laundry. A private backyard adds outdoor utility, and there is a shared 2-car garage for tenant or owner convenience.
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.
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.
Key Highlights
- 1920‑built duplex with central air and forced‑air, natural gas heating
- 2‑bedroom, 1‑bath duplex layout with upstairs bedrooms and full bath
- Each unit has its own laundry; downstairs basement is unfinished but usable
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 |
1,722 SF · lease $11.52/SF/yr · vacancy 5.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.9K – $219.8K
NOI $13,188 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$164.5K
$144.0K – $191.9K
NOI $11,516 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$402.4K
$352.1K – $469.5K
NOI $28,169 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Solid duplex offers two bedrooms per unit, separate laundry, and outdoor space with a shared two-car garage.
Where is this duplex located?
The property is located at 1108-1110 Roosevelt Avenue Ames, IA.
What is the asking price?
The asking price for this property is $243,500.
What are key features of this property?
This property features: 1920‑built duplex with central air and forced‑air, natural gas heating; 2‑bedroom, 1‑bath duplex layout with upstairs bedrooms and full bath; Each unit has its own laundry; downstairs basement is unfinished but usable
