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    28 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
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    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
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    Tenant-Occupied Duplex
    Tenant-Occupied Duplex

    211 Hillcrest Drive, Story City, IA 50248

    $260,000
    890 sqft 0.22 AC lot

    Two-unit residential property with central air, public utilities, and tenant-paid utilities and lawn maintenance.

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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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    Three-Level Triplex
    Three-Level Triplex

    215 Cedar Street, Story City, IA 50248

    $185,000
    1,552 sqft 0.26 AC lot

    Three separately configured apartments with tenants in place and public water and sewer service.

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    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.

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    Ranch Duplex Portfolio
    Ranch Duplex Portfolio

    106 E Walnut Street, Roland, IA 50236

    $295,000
    2,400 sqft

    Nine-building residential package with garage parking and R zoning.

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    Apartment Building with Renovated Kitchens
    Apartment Building with Renovated Kitchens

    1521 S G Ave, Nevada, IA 50201

    $2,100,000
    16,594 sqft

    Property includes renovated studio kitchens, coin-operated laundry, and a two-bedroom manager’s apartment.

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    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.

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    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.

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    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.

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    Duplex Property with Garage
    Duplex Property with Garage

    102 E Walnut Street, Roland, IA 50236

    $295,000
    2,400 sqft

    2013-built residential income property in Roland with R zoning and multiple bedrooms.

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    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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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    Nine-Building Duplex Portfolio
    Nine-Building Duplex Portfolio

    1319 W 3rd St, Nevada, IA 50201

    $315,000
    2,208 sqft

    Multi-building residential income package with 18 units across three Iowa communities.

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    Nine-Building Duplex Portfolio
    Nine-Building Duplex Portfolio

    1327 W 3rd St, Nevada, IA 50201

    $315,000
    2,208 sqft

    An 18-unit duplex portfolio spanning three Iowa communities, with varied layouts across the individual residences.

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    18-Unit Duplex Portfolio
    18-Unit Duplex Portfolio

    106 E Walnut St, Roland, IA 50236

    $295,000
    2,400 sqft

    Portfolio includes multiple duplex buildings serving both owner-occupant and rental-use strategies.

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    18-Unit Duplex Package
    18-Unit Duplex Package

    102 E Walnut St, Roland, IA 50236

    $295,000
    2,400 sqft

    Nine buildings are located across Nevada, Roland, and Baxter, with varied residential layouts and rental-use flexibility.

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    Story County, IA Multifamily Properties Market Trends and Statistics

    Explore 59 multifamily properties for sale in Story County, IA, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 301,832 square feet of properties for sale, with an estimated market value of $19,184,800.

    Sale prices for multifamily properties in Story County, IA start at $185,000, averaging $737,876, 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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    Featured Story County Real Estate Agencies

    Realmo connects you with licensed Story County 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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