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Quadplex with Renovated Units
For Sale
$415,000

4311 Ontario St, Ames, IA 50014

Three residences feature documented interior improvements, while the fourth remains without reported remodeling by the current owner.

Property SizeContact for details
Days on Market14

Property Features for 4311 Ontario St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,740
Listing Agency: EXP Realty, LLC
Listed By: Fernando Aveiga
Source: Exprealty
Added: Aug 7 Changed: Aug 19 Last Checked: Aug 19 at 2:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC

Investment Insights

Based on property information with market context.

Located at 4311 Ontario St in Ames, Iowa, this four-unit residential income property includes three residences with documented interior improvements and one unit that has not been remodeled by the current owner.

Unit 1 received fresh interior paint, updated bathroom and kitchen flooring, a replacement vanity and toilet, and refreshed kitchen cabinet finishes. Unit 2 underwent comprehensive work across its kitchen, bathroom, and bedrooms. Unit 3 features new interior paint, replacement flooring in the kitchen and living room, updated bathroom and kitchen cabinetry, and a new toilet. Unit 4 remains in its prior condition with no renovations completed by the current owner.

Key Highlights

  • Four‑unit residential income property at 4311 Ontario St, Ames, IA
  • Unit 1 includes fresh paint, new bathroom and kitchen flooring, a replacement vanity and toilet, and refreshed cabinet finishes
  • Unit 2 was remodeled in the kitchen, bathroom, and bedrooms

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

80
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Three residences feature documented interior improvements, while the fourth remains without reported remodeling by the current owner.
Where is this quadplex located?
The property is located at 4311 Ontario St Ames, IA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four‑unit residential income property at 4311 Ontario St, Ames, IA; Unit 1 includes fresh paint, new bathroom and kitchen flooring, a replacement vanity and toilet, and refreshed cabinet finishes; Unit 2 was remodeled in the kitchen, bathroom, and bedrooms
More about this property
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