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    Ames, IA
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    Ames, IA Residential Income Properties for Sale

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    Kelley, IA Gilbert, IA Nevada, IA Huxley, IA Cambridge, IA Story City, IA Slater, IA Luther, IA
    16 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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    Four-Unit Brick Quadplex
    Updated: Mar 10
    Four-Unit Brick Quadplex

    1307 Florida Avenue, Ames, IA 50014

    $510,000
    4,026 sqft 0.30 AC lot
    Four‑unit quadplex with 4,026 square feet
    0.3‑acre lot
    Brick exterior constructed in 1977
    Two fireplaces and spacious kitchen work areas
    RH zoning
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    Four-Unit Property with Garages
    Four-Unit Property with Garages

    913 Garfield Avenue, Ames, IA 50014

    $500,000
    3,596 sqft 0.47 AC lot

    Two adjoining duplex buildings offer individually metered residential units with private laundry and covered outdoor areas.

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    See what stands out in Story County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    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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    Historic Brick Duplex
    Historic Brick Duplex

    317 20th Street, Ames, IA 50010

    $235,000
    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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    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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    Duplex with Shared Garage
    Duplex with Shared Garage

    1108-1110 Roosevelt Avenue, Ames, IA 50010

    $243,500
    1,722 sqft 0.14 AC lot

    Two-unit residential property with private outdoor space, separate laundry, and public utilities.

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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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    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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    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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    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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    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 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.

    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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    Brick Fourplex with Laundry
    Brick Fourplex with Laundry

    506 Main Street, Slater, IA 50244

    $300,000
    1,575 sqft 0.26 AC lot

    Four residential units offer consistent two-bedroom layouts, while basement laundry adds an on-site income component.

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    Brick 4-Unit Apartment Building
    Brick 4-Unit Apartment Building

    506 Main St, Slater, IA 50244

    $300,000
    1,575 sqft

    Brick multifamily property with updated interiors and coin-operated basement laundry.

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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
    Residential Land in Prairie Valley

    50467 Clover Court, Ames, IA 50014

    $120,000
    0.71 AC lot

    Build your dream home in a premier residential development.

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    Residential Land in Prairie Valley
    Residential Land in Prairie Valley

    17182 Primrose Drive, Ames, IA 50014

    $110,000
    0.67 AC lot

    Build your dream home in a premier residential development.

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    Residential Land in Prairie Valley
    Residential Land in Prairie Valley

    17288 Primrose Drive, Ames, IA 50014

    $130,000
    0.67 AC lot

    Spacious lot in premier residential development, close to amenities.

    View details
    Residential Lot in Prairie Valley
    Residential Lot in Prairie Valley

    50094 Prairie Point Court, Ames, IA 50014

    $135,000
    0.63 AC lot

    Build your dream home in a premier residential development.

    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

    $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
    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

    $235,000
    Estimated value
    2,704 sqft 3.20 AC lot
    View details
    1930 Riverside Dr
    MOBILE HOME PARK, TRAILER PARK

    1930 Riverside Dr, Ames, IA 50010

    $305,000
    Estimated value
    5.54 AC lot
    View details

    Ames, IA Residential Income Properties Market Trends and Statistics

    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 99,590 square feet of properties for sale, with an estimated market value of $9,822,500.

    Sale prices for residential income properties in Ames, IA start at $235,000, averaging $755,576, 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

    Multifamily properties 16
    Apartment buildings 8
    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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    Popular Searches in Ames, IA

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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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