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    Ames, IA Residential Income Properties for Sale

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    Nevada, IA Huxley, IA Boone, IA
    16 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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    Downtown Ames Mixed-Use Opportunity
    $375,000
    2,125 SF

    Downtown Ames Mixed-Use Opportunity

    Mixed-use property in vibrant downtown Ames near amenities.

    223 Main Street, Ames, IA 50010
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    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
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    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
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    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
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    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
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    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
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    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
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    Based on your search, we've compiled 41 Potential Opportunities for your consideration. Besides 16 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.

    Downtown Mixed-Use Quadplex
    $119,900
    3,125 SF

    Downtown Mixed-Use Quadplex

    Downtown Boone building combines apartments with a main-floor commercial space and rear parking for flexible rental income.

    1026 8th Street, Boone, IA 50036
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    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
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    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
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    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
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    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.

    Residential Land in Prairie Valley
    $100,000
    0.63 Acres

    Residential Land in Prairie Valley

    Build your dream home in a premier residential development.

    50358 Blazing Star Street, Ames, IA 50014
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    Residential Lot in Prairie Valley
    $105,000
    0.63 Acres

    Residential Lot in Prairie Valley

    Build your dream home in a premier residential development.

    50366 Blazing Star Street, Ames, IA 50014
    View details
    Residential Land in Prairie Valley
    $120,000
    0.71 Acres

    Residential Land in Prairie Valley

    Build your dream home in a premier residential development.

    50467 Clover Court, Ames, IA 50014
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    Residential Land in Prairie Valley
    $95,000
    0.64 Acres

    Residential Land in Prairie Valley

    Build your dream home in a premier residential development.

    50134 Prairie Point Court, Ames, IA 50014
    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

    Ames, IA Residential Income Properties Investment Opportunities Market Analysis

    Explore 33 residential income properties for sale in Ames, IA, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 149,174 square feet of properties for sale, with an estimated market value of $20,106,480.

    Sale prices for residential income properties in Ames, IA start at $256,980, averaging $1,182,734, 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

    Multifamily properties 15
    Quadplexes 7
    Apartment buildings 6
    Duplexes 4
    Single family properties 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 median listing prices of real estate assets

    Neighborhood Average Price
    50010 $1.3M
    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%

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    Most Searched ZIP Codes in Ames, IA

    • 50010
    • 50014

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