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Ames, IA

Multifamily

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

14 properties

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Updated Four-Unit Quadplex

Updated: Sep 2

Updated Four-Unit Quadplex

2304 Knapp Street, Ames, IA 50014

$600,000

2,778 sqft 0.20 AC lot

Four rental units within a 2,778‑square‑foot quadplex
0.2002‑acre lot with RL zoning
22 new windows and front steps completed in 2024
Recent improvements include refrigerators, toilets, lighting, blinds, gutters, and a water heater
Main sewer line and A/C system inspected

4-Unit Brick Apartment Building

Updated: Mar 10

4-Unit Brick Apartment Building

1307 Florida Avenue, Ames, IA 50014

$510,000

4,026 sqft 0.30 AC lot

Four apartments with 8 bedrooms and 4 bathrooms
4,026‑square‑foot brick building constructed in 1977
Two fireplaces in each unit, located in the living room and kitchen
Double bathroom sinks and a washer and dryer in each unit
4 car stalls on a 0.3‑acre lot

Historic Brick Duplex

Historic Brick Duplex

317 20th Street, Ames, IA 50010

$215,000

1,740 sqft 0.23 AC lot

Two-unit residential property with basement laundry hookups, private yard space, and off-street parking.

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

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.

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.

Updated Two-Unit Duplex

Updated Two-Unit Duplex

2823-2825 Ontario Street, Ames, IA 50014

$235,000

2,374 sqft 0.33 AC lot

Two separately configured residences offer attached garages, flexible occupancy, and convenient access to campus and public transportation.

Two-Building Apartment Portfolio

Two-Building Apartment Portfolio

1209 Mayfield Drive, Ames, IA 50014

$2,350,000

Ames apartment portfolio with updated interiors, in-unit laundry, resident amenities, and transit access across two buildings.

Updated Quadplex Near Campus

Updated Quadplex Near Campus

2304 Knapp St, Ames, IA 50014

$600,000

2,778 sqft

Four-unit rental property with recent interior, exterior, and mechanical improvements near Iowa State University.

Two-Building Apartment Package

Two-Building Apartment Package

1210 Walton Drive, Ames, IA 50014

$2,350,000

Thirty-six residences offer two- and three-bedroom layouts with in-unit laundry and included appliance packages.

Historic Brick Duplex

Historic Brick Duplex

317 20th St Unit 319, Ames, IA 50010

$215,000

1,740 sqft

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

Historic Brick Duplex

Historic Brick Duplex

319-317 20th St, Ames, IA 50010

$215,000

1,740 sqft

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

39-Unit Apartment Community

39-Unit Apartment Community

4733 Toronto Street, Ames, IA 50014

$3,000,000

The property offers one- and three-bedroom layouts, with roof and select interior and mechanical upgrades completed.

Quadplex with Renovated Units

Quadplex with Renovated Units

4311 Ontario St, Ames, IA 50014

$410,000

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

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.

Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 14 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

Opportunities in Nearby Cities

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

Mixed-Use Building with Retail

Mixed-Use Building with Retail

222 Water St, Cambridge, IA 50046

$799,900

6,554 sqft

A mixed-use property combining retail space with four residential units, including handicap-accessible and recently updated apartments.

18-Unit Duplex Package

18-Unit Duplex Package

1327 W 3rd Street, Nevada, IA 50201

$315,000

2,208 sqft

Ranch-style duplex portfolio spanning three Iowa communities with 18 units across nine buildings.

Duplex Property with Garages

Duplex Property with Garages

1319 W 3rd Street, Nevada, IA 50201

$315,000

2,208 sqft

Ranch-style duplexes with central air, public utilities, and garage parking across a multi-property package.

Mixed-Use Property with Retail Space

Mixed-Use Property with Retail Space

222 Water Street, Cambridge, IA 50046

$799,900

0.14 AC lot

Retail and residential components combine in one property with modern apartment amenities.

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

Estimated value:

$31,755,000

289,606 sqft 0.04 AC lot

2700 Lincoln Way

HIGH-RISE APARTMENTS

2700 Lincoln Way, Ames, IA 50014-7594

Estimated value:

$31,755,000

289,606 sqft 1.77 AC lot

111 Lynn Ave

HIGH-RISE APARTMENTS

111 Lynn Ave, Ames, IA 50014-7191

Estimated value:

$40,230,000

105,550 sqft 0.62 AC lot

2279 190th St

MOBILE HOME PARK, TRAILER PARK

2279 190th St, Ames, IA 50010-9446

Estimated value:

$945,000

11.23 AC lot

6100 Lincoln Way

MOBILE HOME PARK, TRAILER PARK

6100 Lincoln Way, Ames, IA 50014-9519

Estimated value:

$270,000

8.30 AC lot

439 Maple Ave

Multifamily properties

439 Maple Ave, Ames, IA 50010

Estimated value: by Request

1900 Riverside Dr

MOBILE HOME PARK, TRAILER PARK

1900 Riverside Dr, Ames, IA 50010

Estimated value:

$235,000

2,704 sqft 3.20 AC lot

1930 Riverside Dr

MOBILE HOME PARK, TRAILER PARK

1930 Riverside Dr, Ames, IA 50010

Estimated value:

$305,000

5.54 AC lot

2300 Lincoln Way, Unit 100

HIGH-RISE APARTMENTS

2300 Lincoln Way, Ames, IA 50014-7103

Unit 100

Estimated value:

$4,740,000

85,902 sqft 0.43 AC lot

720 Kellogg Ave

HIGH-RISE APARTMENTS

720 Kellogg Ave, Ames, IA 50010-6256

Estimated value:

$1,725,000

28,280 sqft 0.50 AC lot

Ames, IA Multifamily Properties Market Trends and Statistics

Explore 31 multifamily properties for sale in Ames, IA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 57,870 square feet of properties for sale, with an estimated market value of $12,600,000.

Sale prices for multifamily properties in Ames, IA start at $215,000, averaging $969,230, and reaching up to $3,000,000 — 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

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	$521K
50014	$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)

How Realmo verifies these figures

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