1307 Florida Avenue, Ames, IA 50014
- Added:
- Mar 10, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 13 at 7:06 am
Property Features for 1307 Florida Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH
- Exterior features
- Brick
- Standard status
- Active
- Size
- 4,026 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Description
- ONTARIO O T LOTS 4 & 5 10'MADJ ON E BLK
- Tax Annual Amount
- 5692
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Carpet
Listing agent Bock Real Estate Group 2324663
Listing office RE/MAX REAL ESTATE CENTER 1606 SO. DUFF, AMES, IA 2324663
Listing date Mar 10, 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
- 1977‑built brick 4‑plex with large units and 2 fireplaces
- Central air cooling
- Natural gas hot water heating
- Tile and carpet flooring
- Public water and public sewer
Overview
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 | $46.4k | $11.52 |
| − Vacancy | −$2.3k | −$0.58 |
| EGI | $44.0k | $10.94 |
| − OpEx | −$13.2k | −$3.28 |
| NOI | $30.8k | $7.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ames
- County
- Story
- State
- Iowa
- Longitude
- -93.681838
- Latitude
- 42.034958
