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    Ames, IA Multifamily Properties for Sale

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    Turnkey 8-Plex Rental Property
    Updated: Feb 18
    Turnkey 8-Plex Rental Property

    215 Jewel Drive, Ames, IA 50010

    $995,000
    8,267 sqft 0.57 AC lot
    8‑plex with unit mix of 4 two‑bedroom, 2 three‑bedroom, and 2 four‑bedroom units
    All units include 2 full baths
    Built in 1996 with steel siding exterior
    Central air cooling plus forced‑air natural gas heating
    Public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    215 Jewel Drive, Ames, IA 50010

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $55K
      Annual

    • Price @ 7% Cap

      $790K
      Suggested

    • Property Type

      Condominium
      Built 1996
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    Ames Multifamily Investment Opportunity
    Updated: Mar 24
    Ames Multifamily Investment Opportunity

    913 Garfield Avenue, Ames, IA 50014

    $520,000
    3,596 sqft 0.47 AC lot
    Two duplexes side by side on one parcel, sold together
    4 total units (2 bed/1 bath each) with attached 1‑car garages per unit
    In‑unit laundry in each unit
    Central air and forced‑air natural gas heat
    Public water and public sewer
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    Historic Brick Duplex
    Historic Brick Duplex

    317 20th Street, Ames, IA 50010

    $242,000
    1,740 sqft 0.23 AC lot

    Two-unit historic brick duplex with in-place leases through July 2027, hardwood floors, and in-unit laundry hookups.

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    Student Housing Portfolio in Ames
    Student Housing Portfolio in Ames

    519 Welch Avenue, Ames, IA 50014

    $4,300,000
    31,307 sqft

    47-unit student housing portfolio near Iowa State University.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multifamily Property in West Ames
    Multifamily Property in West Ames

    1209 Mayfield Drive, Ames, IA 50014

    $2,350,000

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

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    Ames Multifamily Property Package
    Ames Multifamily Property Package

    1210 Walton Drive, Ames, IA 50014

    $2,350,000

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

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    Two-Bedroom Duplex with Private Backyard
    Two-Bedroom Duplex with Private Backyard

    1108-1110 Roosevelt Avenue, Ames, IA 50010

    $243,500
    1,722 sqft 0.14 AC lot

    Solid duplex offers two bedrooms per unit, separate laundry, and outdoor space with a shared two-car garage.

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    Riverview Apartments in Ames, Iowa
    Riverview Apartments in Ames, Iowa

    3500 Grand Ave, Ames, IA 50010

    $2,850,000
    39,180 sqft

    43-unit apartment community near Iowa State University.

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    Two-Family Duplex with Attached Garages
    Two-Family Duplex with Attached Garages

    2823-2825 Ontario Street, Ames, IA 50014

    $235,000
    2,374 sqft 0.33 AC lot

    Updated two-unit duplex offers two 2-bedroom layouts, each with an attached garage, plus a fully renovated vacant unit.

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    Ames Iowa Student Housing Portfolio
    Ames Iowa Student Housing Portfolio

    626 South 16th Street, Ames, IA 50010

    $4,300,000
    31,307 sqft

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

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    Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 10 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.

    Duplex Residential Income Portfolio
    Duplex Residential Income Portfolio

    209 S Cottonwood Street, Roland, IA 50236

    $295,000
    2,228 sqft 0.38 AC lot

    For sale investor package featuring 18 duplex units across nine buildings in Roland, Iowa.

    View details
    Multi-Unit Duplex Investment
    Multi-Unit Duplex Investment

    1327 W 3rd Street, Nevada, IA 50201

    $315,000
    2,208 sqft

    For sale duplex package with 18 units across 9 buildings in Nevada, IA, with photos showing similar unit interiors.

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    Ranch Duplex Investment Package
    Ranch Duplex Investment Package

    1319 W 3rd Street, Nevada, IA 50201

    $315,000
    2,208 sqft

    Investor package includes 18 units across 9 duplex buildings in a residentially zoned area.

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    Duplex Income Property Portfolio
    Duplex Income Property Portfolio

    102 E Walnut Street, Roland, IA 50236

    $295,000
    2,400 sqft

    Investor package includes 18 units across nine duplex buildings in Roland, Iowa.

    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.

    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

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    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Leavenworth Land For Sale
    Leavenworth Land For Sale

    13788 McIntyre1 Road, Leavenworth, KS 66048

    $1,750,000
    35.00 AC lot

    35 acre commercial lot with utilities ready for development.

    View details
    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

    Ready-to-build residential lot in a charming small town.

    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

    2702 Lincoln Way, Ames, IA 50014-7422

    $31,755,000
    Estimated value
    289,606 sqft 0.04 AC lot
    View details
    2700 Lincoln Way
    HIGH-RISE APARTMENTS

    2700 Lincoln Way, Ames, IA 50014-7594

    $31,755,000
    Estimated value
    289,606 sqft 1.77 AC lot
    View details
    111 Lynn Ave
    HIGH-RISE APARTMENTS

    111 Lynn Ave, Ames, IA 50014-7191

    $40,230,000
    Estimated value
    105,550 sqft 0.62 AC lot
    View details
    2279 190th St
    MOBILE HOME PARK, TRAILER PARK

    2279 190th St, Ames, IA 50010-9446

    $1,040,000
    Estimated value
    11.23 AC lot
    View details
    6100 Lincoln Way
    MOBILE HOME PARK, TRAILER PARK

    6100 Lincoln Way, Ames, IA 50014-9519

    Value Estimation by Request
    8.30 AC lot
    View details
    439 Maple Ave
    Multifamily properties

    439 Maple Ave, Ames, IA 50010

    Value Estimation by Request
    View details
    1900 Riverside Dr
    MOBILE HOME PARK, TRAILER PARK

    1900 Riverside Dr, Ames, IA 50010

    Value Estimation by Request
    2,704 sqft 3.20 AC lot
    View details
    1930 Riverside Dr
    MOBILE HOME PARK, TRAILER PARK

    1930 Riverside Dr, Ames, IA 50010

    Value Estimation by Request
    5.54 AC lot
    View details
    2300 Lincoln Way, Unit 100
    HIGH-RISE APARTMENTS

    2300 Lincoln Way, Ames, IA 50014-7103

    Unit 100
    $4,740,000
    Estimated value
    85,902 sqft 0.43 AC lot
    View details
    720 Kellogg Ave
    HIGH-RISE APARTMENTS

    720 Kellogg Ave, Ames, IA 50010-6256

    $1,725,000
    Estimated value
    28,280 sqft 0.50 AC lot
    View details
    1006 Dayton Pl
    MOBILE HOME PARK, TRAILER PARK

    1006 Dayton Pl, Ames, IA 50010-6440

    Value Estimation by Request
    8.33 AC lot
    View details
    1899 Apple Pl
    MOBILE HOME PARK, TRAILER PARK

    1899 Apple Pl, Ames, IA 50010

    Value Estimation by Request
    View details
    1422 4th St
    MOBILE HOME PARK, TRAILER PARK

    1422 4th St, Ames, IA 50010

    Value Estimation by Request
    21.61 AC lot
    View details
    843 190th St
    MOBILE HOME PARK, TRAILER PARK

    843 190th St, Ames, IA 50010-9217

    Value Estimation by Request
    19.06 AC lot
    View details

    Ames, IA Multifamily Properties Market Trends and Statistics

    Explore 27 multifamily properties for sale in Ames, IA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 119,493 square feet of properties for sale, with an estimated market value of $13,685,500.

    Sale prices for multifamily properties in Ames, IA start at $235,000, averaging $1,710,687, 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 6
    Duplexes 3
    Quadplexes 1

    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 average listing prices of real estate assets

    Neighborhood Average Price
    50014 $1.4M
    50010 $1.5M

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Story County

    New Delisted

    Total CRE Inventory on Market (SF)

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    • 50014

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