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    Ames, IA
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    Ames, IA Multifamily Properties for Sale

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    Kelley, IA Gilbert, IA Nevada, IA Huxley, IA Cambridge, IA Story City, IA Slater, IA Luther, IA
    19 properties
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    Fourplex Residential Income Property
    Updated: Mar 10
    Fourplex Residential Income Property

    1307 Florida Avenue, Ames, IA 50014

    $510,000
    4,026 sqft 0.30 AC lot
    4‑plex with brick exterior
    Units feature 2 fireplaces and large kitchen workspaces
    Central air cooling and natural gas hot water heating
    Carpet and tile flooring
    Built in 1977
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    This listing looks promising.

    Here's a quick look at some key insights for

    1307 Florida Avenue, Ames, IA 50014

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $440K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1977
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    Four-Unit Property with Garages
    Updated: Mar 24
    Four-Unit Property with Garages

    913 Garfield Avenue, Ames, IA 50014

    $500,000
    3,596 sqft 0.47 AC lot
    Two duplex buildings on one parcel; sale includes all 4 units
    3,596 square feet on 0.4657 acres
    Each unit includes an attached 1‑car garage, in‑unit laundry, 2 bedrooms, and 1 bath
    Two units feature screened porches; two include covered patios
    Current LOCs in place through 4/29
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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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    Historic Brick Duplex
    Historic Brick Duplex

    319-317 20th St, Ames, IA 50010

    $242,000
    1,740 sqft

    Two-unit property with hardwood floors, included appliances, basement laundry hookups, off-street parking, and private yard space.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    8-Unit Apartment Building
    8-Unit Apartment Building

    215 Jewel Drive, Ames, IA 50010

    $950,000
    8,267 sqft 0.57 AC lot

    Eight apartments provide a mix of two-, three-, and four-bedroom floor plans with two full baths each.

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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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    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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    Historic Brick Duplex
    Historic Brick Duplex

    317 20th St Unit 319, Ames, IA 50010

    $242,000
    1,740 sqft

    Two leased units offer hardwood floors, included appliances, basement laundry hookups, and off-street parking.

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    Two Three-Story 18-Unit Apartment Buildings
    Two Three-Story 18-Unit Apartment Buildings

    1210 Walton Drive, Ames, IA 50014

    $2,350,000

    Well-maintained 2005-built multifamily package with in-unit laundry and updated LVT flooring, across from a CyRide stop.

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    Two 18-Unit Apartment Buildings
    Two 18-Unit Apartment Buildings

    1209 Mayfield Drive, Ames, IA 50014

    $2,350,000

    Built in 2005, this West Ames multifamily includes 2- and 3-bedroom units with in-unit laundry and updated LVT flooring.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    215 Jewel Dr, Ames, IA 50010

    $950,000
    1,120 sqft

    Eight apartments provide a varied bedroom mix, with two full baths in every unit.

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    Quadplex with Renovated Units
    Quadplex with Renovated Units

    4311 Ontario St, Ames, IA 50014

    $415,000

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

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

    3500 Grand Ave, Ames, IA 50010

    Contact for pricing
    39,180 sqft

    43-unit apartment community near Iowa State University.

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    Ames Iowa Student Housing Portfolio
    Ames Iowa Student Housing Portfolio

    626 South 16th Street, Ames, IA 50010

    Contact for pricing
    31,307 sqft

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

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    Student Housing Portfolio Sale
    Student Housing Portfolio Sale

    135 Dotson Drive, Ames, IA 50010

    Contact for pricing

    Mixed student and non-student housing portfolio with ten properties totaling 122 units and 207 bedrooms.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    710 Kellogg Ave, Ames, IA 50010

    Contact for pricing

    Five-unit building with remodeled units, updated plumbing and electrical to code, and a rental certificate in place.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    5910 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    Three-story, brick-on-block apartment building with 76 units on the west edge of Ames.

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    34-Space Mobile Home Park
    34-Space Mobile Home Park

    2279 E 190th St, Ames, IA 50010

    Contact for pricing

    Individual metering for water, gas, and electric supports straightforward utility allocation across the property.

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    Westfield Three-Story Apartments
    Westfield Three-Story Apartments

    5610 W Lincoln Way, Ames, IA 50014

    Contact for pricing

    A 76-unit multifamily property with brick-on-block construction near Iowa State University.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Ames, IA, we suggest to view alternatives - similar 17 Off-Market properties to explore as potential leads.

    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

    $945,000
    Estimated value
    11.23 AC lot
    View details
    6100 Lincoln Way
    MOBILE HOME PARK, TRAILER PARK

    6100 Lincoln Way, Ames, IA 50014-9519

    $270,000
    Estimated value
    8.30 AC lot
    View details

    Ames, IA Multifamily Properties Market Trends and Statistics

    Explore 36 multifamily properties for sale in Ames, IA, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 96,812 square feet of properties for sale, with an estimated market value of $9,229,500.

    Sale prices for multifamily properties in Ames, IA start at $235,000, averaging $769,125, and reaching up to $2,350,000 — 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 12
    Duplexes 5
    Quadplexes 3

    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
    50010 $478.3K
    50014 $1.1M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Story County

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    Most Searched ZIP Codes in Ames, IA

    • 50010
    • 50014

    Featured Ames Real Estate Agencies

    Realmo connects you with licensed Ames CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Friedrich Iowa Realty
    100 6th Street Ames, IA 50010
    Phone: 15152326175
    GreatIowaHomes.com

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