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Ames, IA Multifamily Homes & Duplexes for Sale

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  • /22

    $295,000

    • Studio
    • 2 Baths
    • 1,914 Sq Ft

    1308 Idaho Ave, Ames, IA 50014

    Great opportunity for investment or house hacking! Side by side duplex with each side consisting of 2 bedrooms and a full bathroom with in-unit laundry on the 2nd floor and a living room, dining area, and kitchen on the main floor! Spacious backyard area and attached 1 car garage for your vehicle! Newer roof and siding! All information obtained from seller and public records.

    Agent Photo

    Chris Kew

    RE/MAX Precision

    (515) 808-7240

    1308 Idaho Ave, Ames, IA 50014
  • /27

    $3,295,000

    • Studio
    • 43 Baths
    • 13,090 Sq Ft

    3500 Grand Ave, Ames, IA 50010

    Incredible investment opportunity in Ames, Iowa, a thriving college town with strong rental demand and easy accessibility to the Iowa State University campus. This property includes 43 total units across two well-maintained buildings, offering a desirable mix of 22 two-bedroom units and 21 one-bedroom units. Each unit features a full bath along with a refrigerator, stove, and dishwasher.

    Ethan Hokel Century 21 Signature

    3500 Grand Ave, Ames, IA 50010
  • /15

    $825,000

    • 852 Sq Ft

    3902 Ontario St, Ames, IA 50014

    Great investment opportunity. These 2 parcels include 2 duplexes (3902/3906 Ontario and 3910/3912 Ontario) and a single family home (3908 Ontario) all being sold together for $825,000. See MLS # 68297 for information on the single family home.

    Chuck Winkleblack Hunziker & Assoc.-Ames

    3902 Ontario St, Ames, IA 50014
  • /30

    $272,500

    • 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 $775 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 $910 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. 2 rents for

    Steve Bock RE/MAX Real Estate Center

    1307 Florida Ave, Ames, IA 50014

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.

Home Trends in Ames, IA

Housing Trends

Median Sale Price
$307,000
Median Single Family Sale Price
$325,000
Median Townhouse Sale Price
$362,750
Median 2 Bedroom Sale Price
$185,000
Median 1 Bedroom Sale Price
$144,000
Median Studio Sale Price
$177,500
Average Price Per Sq Ft
$211
Number of Homes for Sale
72
Last 12 months Home Sales
561
Months of Supply
1.50
Median List Price
$325,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-1%
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