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    Story County, IA Residential Income Properties for Sale

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    Des Moines, IA Cedar Rapids, IA Sioux City, IA Waterloo, IA Dubuque, IA Iowa City, IA Cedar Falls, IA Spirit Lake, IA
    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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    Tenant-Occupied Duplex
    Updated: Sep 9
    Tenant-Occupied Duplex

    211 Hillcrest Drive, Story City, IA 50248

    $260,000
    890 sqft 0.22 AC lot
    Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
    Both units are tenant‑occupied
    890 square feet on a 0.22‑acre lot
    Built in 1977 with split‑level design
    Central air conditioning with carpet and tile flooring
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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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    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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    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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    4-Unit Brick Apartment Building
    4-Unit Brick Apartment Building

    1307 Florida Avenue, Ames, IA 50014

    $510,000
    4,026 sqft 0.30 AC lot

    Each residence includes two fireplaces, double bathroom sinks, and an in-unit washer and dryer.

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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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    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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    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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    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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    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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    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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    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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    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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    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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    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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    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

    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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    Four-Unit Residential Property
    Four-Unit Residential Property

    4311 Ontario Street, Ames, IA 50014

    $409,900

    RH zoning and updates to three of the four units define this residential income property.

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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.

    View details
    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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    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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    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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    Story County, IA Residential Income Properties Market Trends and Statistics

    Explore 61 residential income properties for sale in Story County, IA, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 293,565 square feet of properties for sale, with an estimated market value of $18,644,700.

    Sale prices for residential investment properties in Story County, IA start at $185,000, averaging $717,103, 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: (515) 232-6175
    GreatIowaHomes.com
    Hunziker & Associates, Realtors
    105 S 16th Street Ames, IA 50010
    Phone: (515) 233-4450
    hunzikerrealty.com/
    NORSEMEN REALTY
    P.O. BOX 273 Story City, IA 50248
    Phone: (515) 733-2922
    www.norsemenrealty.com
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