Add Listing
    Ames, IA
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Ames, IA Multifamily Properties for Sale

    Notify Me
    List
    Map
    Nevada, IA Huxley, IA Boone, IA
    15 results
    Ames 8-Plex Investment Opportunity
    $995,000
    8,267 SF

    Ames 8-Plex Investment Opportunity

    215 Jewel Drive, Ames, IA 50010

    Turnkey 8-unit multifamily property with strong rental history in Ames.

    • Strong rental history with long‑term tenants ensures immediate cash flow.
    • Turnkey investment opportunity; ready for immediate operation.
    • Diverse unit mix: 2BR, 3BR, and 4BR units cater to a wide range of renters.
    • Two recently renovated vacant units are available for immediate showings.
    • Each unit has 2 full baths.
    Updated: Feb 18
    View details
    Ames Multifamily Investment Opportunity
    $520,000
    3,596 SF

    Ames Multifamily Investment Opportunity

    913 Garfield Avenue, Ames, IA 50014

    Two well-maintained duplexes with strong rental history in Ames, Iowa.

    • Strong rental history with long‑term tenants.
    • Two duplexes side‑by‑side on one parcel.
    • Professionally managed and well maintained.
    • Each unit has an attached 1 car garage and in‑unit laundry.
    • All 4 units have current LOCs until 4/29.
    Updated: Mar 24
    View details
    Ames Turn-Key Investment Property
    $575,000
    4,794 SF

    Ames Turn-Key Investment Property

    Four 3-bedroom units with strong rental history in Ames.

    1015 Kellogg Avenue, Ames, IA 50010
    View details
    Ames Fourplex Investment Opportunity
    $575,000
    4,794 SF

    Ames Fourplex Investment Opportunity

    Turn-key fourplex in Ames with strong rental history.

    1015 Kellogg Avenue, Ames, IA 50010
    View details
    Ames Multifamily Investment Opportunity
    $1,050,000
    1,824 SF

    Ames Multifamily Investment Opportunity

    Three adjacent multifamily properties for sale in Ames, Iowa.

    4716 Hutchison Street, Ames, IA 50014
    View details
    Ames Multifamily Investment Opportunity
    $1,050,000
    2,304 SF

    Ames Multifamily Investment Opportunity

    Three adjacent multifamily properties for sale in Ames, Iowa.

    4713 Ontario Street, Ames, IA 50014
    View details
    Ames Duplex Near Iowa State
    $275,000
    1,680 SF

    Ames Duplex Near Iowa State

    Investment duplex near Iowa State. Opportunity for added value.

    1424 24th Street, Ames, IA 50010
    View details
    Ames Multifamily Investment Opportunity
    $579,500
    852 SF

    Ames Multifamily Investment Opportunity

    Well-maintained four-unit multifamily property near Iowa State University.

    3902/3912 Ontario Street, Ames, IA 50014
    View details
    Ames Fourplex with Spacious Units
    $525,000
    4,026 SF

    Ames Fourplex with Spacious Units

    Fourplex in Ames, Iowa, featuring large units and fireplaces.

    1307 Florida Avenue, Ames, IA 50014
    View details
    Ames Multifamily Property Package
    $2,350,000

    Ames Multifamily Property Package

    Well-maintained multifamily property in West Ames with comfortable, updated units.

    1210 Walton Drive, Ames, IA 50014
    View details
    Multifamily Property in West Ames
    $2,350,000

    Multifamily Property in West Ames

    Well-maintained multifamily property with updated units and convenient location.

    1209 Mayfield Drive, Ames, IA 50014
    View details
    Charming Duplex in Central Ames
    $256,980
    1,950 SF

    Charming Duplex in Central Ames

    Updated duplex with solid rental history near downtown and medical.

    1202-1204 Burnett Avenue, Ames, IA 50010
    View details
    Student Housing Portfolio in Ames
    $4,300,000
    31,307 SF

    Student Housing Portfolio in Ames

    47-unit student housing portfolio near Iowa State University.

    519 Welch Avenue, Ames, IA 50014
    View details
    Riverview Apartments in Ames, Iowa
    $2,850,000
    39,180 SF

    Riverview Apartments in Ames, Iowa

    43-unit apartment community near Iowa State University.

    3500 Grand Ave, Ames, IA 50010
    View details
    Ames Iowa Student Housing Portfolio
    $4,300,000
    31,307 SF

    Ames Iowa Student Housing Portfolio

    47-unit multifamily portfolio near Iowa State University for sale.

    626 South 16th Street, Ames, IA 50010
    View details
    Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 15 Active listings in Ames, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    32-Unit Multifamily Community in Ankeny, Iowa
    $2,500,000
    25,600 SF

    32-Unit Multifamily Community in Ankeny, Iowa

    Well-maintained 32-unit apartment complex in Ankeny, Iowa.

    218 Northwest State Street, Ankeny, IA 50023
    View details
    Parkview Terrace Multifamily Investment Opportunity
    $1,725,000
    23,760 SF

    Parkview Terrace Multifamily Investment Opportunity

    24-unit apartment community in Boone, Iowa with value-add potential.

    1003 Parkway Drive, Boone, IA 50036
    View details
    Boone Iowa Apartment Community
    $3,595,000
    42,122 SF

    Boone Iowa Apartment Community

    57-unit apartment community in Boone, Iowa, near Iowa State.

    1104 8th St, Boone, IA 50036
    View details
    Spacious Condo with Modern Updates
    $172,000
    1,214 SF

    Spacious Condo with Modern Updates

    Updated ground floor condo with three bedrooms and detached garage.

    1107 NE 5th Lane #5, Ankeny, IA 50021
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Des Moines Development Land Available
    $1,013,600
    28.96 Acres

    Des Moines Development Land Available

    29 acres of development land near Fleur Dr and SW 9th.

    01 County Line Road, Des Moines, IA 50320
    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing

    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065
    View details
    Lake Thunderhead Camper Lot
    $127,900
    0.34 Acres

    Lake Thunderhead Camper Lot

    Camper lot at Lake Thunderhead, steps from water and amenities.

    24114 Arrow Wood Court, Unionville, MO 63565
    View details
    Bethany Land Ready For Development
    $300,000
    10.00 Acres

    Bethany Land Ready For Development

    10-acre commercial property with development potential near I-35.

    0 N 41st St, Bethany, MO 64424
    View details

    Off-Market Properties in Ames, IA

    Consider similar Off-Market properties in Ames, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2702 Lincoln Way
    HIGH-RISE APARTMENTS
    289,606 SF Lot: 0.04 Acres

    2702 Lincoln Way, Ames, IA 50014-7422

    View details
    2700 Lincoln Way
    HIGH-RISE APARTMENTS
    289,606 SF Lot: 1.77 Acres
    Estimated value
    $31,755,000

    2700 Lincoln Way, Ames, IA 50014-7594

    View details
    111 Lynn Ave
    HIGH-RISE APARTMENTS
    105,550 SF Lot: 0.62 Acres
    Estimated value
    $40,230,000

    111 Lynn Ave, Ames, IA 50014-7191

    View details
    2279 190th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 11.23 Acres
    Estimated value
    $1,040,000

    2279 190th St, Ames, IA 50010-9446

    View details
    6100 Lincoln Way
    MOBILE HOME PARK, TRAILER PARK
    Lot: 8.30 Acres
    Value Estimation by Request

    6100 Lincoln Way, Ames, IA 50014-9519

    View details
    439 Maple Ave
    Multifamily properties
    Value Estimation by Request

    439 Maple Ave, Ames, IA 50010

    View details
    1900 Riverside Dr
    MOBILE HOME PARK, TRAILER PARK
    2,704 SF Lot: 3.20 Acres
    Value Estimation by Request

    1900 Riverside Dr, Ames, IA 50010

    View details
    1930 Riverside Dr
    MOBILE HOME PARK, TRAILER PARK
    Lot: 5.54 Acres
    Value Estimation by Request

    1930 Riverside Dr, Ames, IA 50010

    View details
    2300 Lincoln Way, Unit 100
    HIGH-RISE APARTMENTS
    85,902 SF Lot: 0.43 Acres
    Estimated value
    $4,740,000
    Unit 100

    2300 Lincoln Way, Ames, IA 50014-7103

    View details

    Ames, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 32 multifamily properties for sale in Ames, IA, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 147,049 square feet of properties for sale, with an estimated market value of $19,731,480.

    Sale prices for multifamily properties in Ames, IA start at $256,980, averaging $1,233,217, and reaching up to $4,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Quadplexes 7
    Apartment buildings 6
    Duplexes 4

    Demographics Overview

    Population 71K
    Population Growth (5Y) +1.2%
    Median Household Income $61,665
    College Educated 81.6%

    High-Yield Neighborhoods for Investment

    Identify Ames submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    50010 $1.4M
    50014 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.40%
    Property Tax per SF $22.54 per sq ft
    Tax Rate vs County Average 0.15 pp below county avg
    Average Loan-to-Value 65.0%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Browse Multifamily properties for Sale Near Ames, IA

    Popular Searches in Ames, IA

    Popular Categories

    Most Searched ZIP Codes in Ames, IA

    • 50010
    • 50014

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!