Ames, IA Multifamily Homes & Duplexes for Sale

/15
$325,000
- Studio
- 4 Baths
- 2,964 Sq Ft
4311 Ontario St, Ames, IA 50014

Excellent investment opportunity in this well-maintained 4-plex located in a desirable West Ames neighborhood! Each of the four units features 2 bedrooms and 1 bathroom, attracting long-term tenants who appreciate the property's comfort and convenience. Recent upgrades include a new roof and gutters, along with newer siding, offering peace of mind for years to come. Situated directly across from

Chris Kew

RE/MAX Precision

(515) 375-1968

4311 Ontario St, Ames, IA 50014
/5
$300,000
- Studio
- 2 Baths
- 1,914 Sq Ft
1308 Idaho Ave, Ames, IA 50014

All information obtained from seller and public records.

Chris Kew

RE/MAX Precision

(515) 800-8021

1308 Idaho Ave, Ames, IA 50014
/29
$275,000
- 1,950 Sq Ft
1202 Burnett Ave, Ames, IA 50010

Old world charm meets modern convenience in this thoughtfully designed duplex in the heart of Ames. Walkable to medical facilities, downtown, this well cared for duplex boasts a solid rental history, a current LOC, full occupancy, and a host of updates that make for a turnkey investment. 1202 has two bedrooms and two bathrooms and an additional non conforming attic space. 1204 has two

Alison Doyle RE/MAX REAL ESTATE CENTER

1202 Burnett Ave, Ames, IA 50010
/8
$1,625,000
- Studio
- 4 Baths
- 2,304 Sq Ft
4713 Ontario St, Ames, IA 50014

4 properties sold together all adjacent to each other consisting of 1301 Florida Ave., single family, 1307 Florida Ave. 4 plex, 4716 Hutchison St. duplex and 4713 Ontario St. 4 plex all together. This 4 plex is 4 1-bedroom units rented for $750 each with each having 1 of the 4 garage spaces. Very well cared for and clean building site.

Steve Bock RE/MAX Real Estate Center

4713 Ontario St, Ames, IA 50014
/8
$1,625,000
- Studio
- 2 Baths
- 1,824 Sq Ft
4716 Hutchison St, Ames, IA 50014

4 properties sold together all adjacent to each other of 1301 Florida Ave. single family & 1307 Florida Ave. 4 plex, 4713 Ontario St. 4 plex & 4716 Hutchison St. duplex property. Each unit rent for $885 with living room brick fireplaces, kitchen, 2 bedrooms, full bath and own garage stall. Laundry room in main hallway and shared large patio located in the back.

Steve Bock RE/MAX Real Estate Center

4716 Hutchison St, Ames, IA 50014
/6
$1,625,000
- Studio
- 4 Baths
- 4,392 Sq Ft
1307 Florida Ave, Ames, IA 50014

4 properties sold together all adjacent to each other of 1301 Florida Ave. single family & 1307 Florida Ave. 4 plex, 4713 Ontario St. 4 plex & 4716 Hutchison St. duplex property. Very well cared for 4 plex with 8 bedrooms, 4 baths, 4 car stalls. This is a one owner brick exterior building with units having up and down fireplaces, double sinks in the bath and washer & dryer in units. 3 rents for

Steve Bock RE/MAX Real Estate Center

1307 Florida Ave, Ames, IA 50014
/3
$350,000
- 2,608 Sq Ft
1422 Idaho Ave, Ames, IA 50014

The duplex would be an excellent investment opportunity! Both sides boast of 3 bedrooms, 1.5 baths and oversized garages. The backyards are fenced in and laundry is present in the upstairs of each unit.

Steve Bock RE/MAX REAL ESTATE CENTER

1422 Idaho Ave, Ames, IA 50014
/24
$315,000
- 1,584 Sq Ft
2001 Melrose Ave, Ames, IA 50010

Prime Investment Opportunity - Updated Side-by-Side Duplex!Attention investors, parent investors, and house hackers! This rare, well-maintained side-by-side duplex is perfectly situated in a predominantly residential neighborhood and is move-in ready. A fantastic opportunity, this property offers a 3-bed, 2-bath unit on one side and a 2-bed, 1-bath unit on the other—both extensively

Lloyd Flanders RE/MAX REAL ESTATE CENTER

2001 Melrose Ave, Ames, IA 50010

Iowa Ames

Why Live in Ames

Home to Iowa State University, Ames combines academic excellence with recreational amenities throughout its 37 parks and 55 miles of shared-use paths. The 17-acre Reiman Gardens showcases botanical displays and an indoor butterfly wing, while the Brunnier Art Museum stands as Iowa's only accredited decorative arts museum. The Main Street Cultural District buzzes with local shops and art galleries, complemented by established restaurants like Hickory Park Restaurant Co., known for house-smoked barbecue, and Aunt Maude's sophisticated seasonal menus. Single-family homes constitute the primary housing stock across several neighborhoods. Somerset Village has a median single-family home price of $380,000, while Northridge Heights commands higher prices with a median of $539,900. The South Campus Area maintains a median of $391,000, and Stone Brooke sits at $330,000. Condominiums present more affordable options, with median prices of $119,700 for one-bedroom units and $207,500 for two-bedroom units. The cost of living in Ames falls 5.2% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters require about $50,000. Property taxes in Story County stand at 1.47%, comparing favorably to nearby Des Moines and Ankeny at 1.76%. The public school system includes Gilbert Elementary, Middle, and High Schools, all rated A by Niche. CyRide provides comprehensive bus service throughout the city and university campus. The city experiences four distinct seasons, with July highs averaging 84°F and January lows reaching 14°F.

Learn more about living in Ames

Home Trends in Ames, IA

On average, homes in Ames, IA sell after 63 days on the market compared to the national average of 70 days. The median sale price for homes in Ames, IA over the last 12 months is $512,000, up 50% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$512,000

Median Single Family Sale Price

$514,000

Median Townhouse Sale Price

$439,000

Median 2 Bedroom Sale Price

$255,000

Median 1 Bedroom Sale Price

$189,250

Average Price Per Sq Ft

$251

Number of Homes for Sale

Last 12 months Home Sales

612

Months of Supply

0.40

Median List Price

$539,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

50%

How to Buy a Home How to Finance a Home How to Sell a Home

In Ames, there are currently 8 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $275,000 to $1,625,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Ames is $539,900, while the average sale price is $424,792, offering insights into the local housing market. On average, multi-family homes spend 63 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Ames, IA.

Ames Types of Homes for Sale

Ames Real Estate Listings

Ames New Construction Homes

More About Living in Ames

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