Two-Building Apartment
For Sale
$2,350,000
1209 Mayfield Drive, Ames, IA 50014
MultiFamily, Ames, IA
Property SizeContact for details
Days on Market123
Property Features for 1209 Mayfield Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
42
Bathrooms
36
Full bathrooms
36
Rooms
Bathroom 33, Bedroom 11, Bathroom 11, Bedroom 10, Bedroom 3, Bedroom 34, Bedroom 6, Bedroom 25, Bathroom 15, Bathroom 7, Bathroom 5, Bedroom 30, Bathroom 23, Bedroom 27, Bedroom 14, Bathroom 19, Bathroom 35, Bedroom 41, Bedroom 40, Bathroom 13, Bedroom 5, Bedroom 17, Bathroom 8, Bedroom 21, Bedroom 22, Bathroom 27, Bedroom 19, Bedroom 15, Bathroom 34, Bedroom 32, Bathroom 3, Bathroom 4, Bathroom 16, Bathroom 25, Bedroom 1, Bedroom 31, Bathroom 6, Bedroom 37, Bathroom 24, Bedroom 18, Bathroom 17, Bathroom 31, Bedroom 16, Bathroom 30, Bedroom 4, Bedroom 28, Bedroom 26, Bathroom 9, Bathroom 32, Bedroom 8, Bedroom 33, Bedroom 29, Bedroom 35, Bathroom 10, Bathroom 20, Bedroom 9, Bedroom 39, Bedroom 42, Bedroom 20, Bedroom 23, Bathroom 21, Bathroom 29, Bedroom 12, Bedroom 36, Bedroom 7, Bathroom 36, Bedroom 13, Bathroom 28, Bedroom 2, Bedroom 38, Bathroom 18, Bathroom 22, Bedroom 24, Bathroom 12, Bathroom 2, Bathroom 14, Bathroom 1, Bathroom 26
Elementary school district
Ames
Middle school district
Ames
High school district
Ames
Directions
Please use Google Maps to find the apartments.
Subdivision
Ames
Standard status
Active
APN
09-08-376-110
Taxes and HOA fees
Tax Description
Long and on file with story county assessor.
Tax Annual Amount
35594
Legal Description
Long and on file with story county assessor.
Amenities
in-unit laundry
fitness center membership
free parking
Building Details
Floors in Building
3
Number of units
18
Architectural style
Other
Listing Agency:
Agency Iowa
(515) 877-4692
Listed By:
Mark Charter
(515) 864-6444
Added: May 19
Changed: Sep 14
Last Checked: Sep 18 at 9:06PM
MLS# 741182
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.
Investment Insights
Based on property information with market context.
This apartment portfolio includes two three-story buildings at 1209 Mayfield Drive and 1210 Walton Drive, with 18 units in each building. The combined offering contains 36 apartments, including 24 two-bedroom units and 12 three-bedroom units. Floor plans range from 875 to 1,125 square feet, and every residence includes two full bathrooms, a refrigerator, stove, dishwasher, microwave, and washer/dryer. LVT flooring has been installed in the units, and both buildings received new roofs in 2025.
Each building has six units per floor. The Mayfield property includes 14 garages, while the Walton property includes 16. Residents also have access to free parking, optional garage rentals, and a fitness center membership. The properties are positioned directly across from a CyRide stop, providing access to local transit. The two buildings are offered together as a package sale.
Each building has six units per floor. The Mayfield property includes 14 garages, while the Walton property includes 16. Residents also have access to free parking, optional garage rentals, and a fitness center membership. The properties are positioned directly across from a CyRide stop, providing access to local transit. The two buildings are offered together as a package sale.
Key Highlights
- 36 apartments across two 18‑unit buildings
- 24 two‑bedroom units and 12 three‑bedroom units
- Unit sizes range from 875 to 1,125 square feet
Property Analytics
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Current Use
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
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Business Placement
Demographics for 50014, IA
31,587
Population
14,860
Households
2.1
Avg Household Size
26
Median Age
69%
College-Educated
98%
High-School Grad
54.2 sq mi
ZIP Area
583
Density / Sq Mi
$57,372
Median Household Income
$20,952
Median Earnings
$1,083
Median Rent
$312,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Ames apartment portfolio with updated interiors, in-unit laundry, resident amenities, and transit access across two buildings.
Where is this apartment building located?
The property is located at 1209 Mayfield Drive Ames, IA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 36 apartments across two 18‑unit buildings; 24 two‑bedroom units and 12 three‑bedroom units; Unit sizes range from 875 to 1,125 square feet
