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Ames, IA Multifamily Homes & Duplexes for Sale

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  • 913 Garfield Ave Unit 913/915/917/919, Ames, IA 50014
    913 Garfield Ave Unit 913/915/917/919, Ames, IA 50014
    913 Garfield Ave Unit 913/915/917/919, Ames, IA 50014
    /9

    $540,000

    • 3,596 Sq Ft

    913 Garfield Ave Unit 913/915/917/919, Ames, IA 50014

    TWO duplexes side by side on one parcel. Must be sold together. Professionally managed and well maintained. Strong rental history and several long-term tenants. Each unit has an attached 1 car garage, in-unit laundry and 2 bedrooms, 1 bath. 2 units have screened porches and 2 have covered patios. All 4 units have current LOCs until 4/29.

    Agent Photo

    Sarah Laaser-Webb

    RE/MAX REAL ESTATE CENTER

    (515) 329-3339

    913 Garfield Ave Unit 913/915/917/919, Ames, IA 50014
  • 706/ 714 720 726 806 814 24th St, Ames, IA 50010
    706/ 714 720 726 806 814 24th St, Ames, IA 50010
    706/ 714 720 726 806 814 24th St, Ames, IA 50010
    /6

    $2,300,000

    • 12,746 Sq Ft

    706/ 714 720 726 806 814 24th St, Ames, IA 50010

    The listing consists of 6 apartment buildings with garages and carports. Many units have been remodeled and updated. This is being sold as a package.

    Dan Hunziker Hunziker & Assoc.-Ames

    706/ 714 720 726 806 814 24th St, Ames, IA 50010
  • 2907/203 W Campus St, Ames, IA 50014
    2907/203 W Campus St, Ames, IA 50014
    2907/203 W Campus St, Ames, IA 50014
    /5

    $1,550,000

    • 9,884 Sq Ft

    2907/203 W Campus St, Ames, IA 50014

    Excellent investment opportunity just one block west of the ISU campus! This offering includes a single-family home and a 10-plex apartment building in a highly desirable location. Features include off-street parking, on-site coin-operated laundry in the 203 Campus Ave. building, and a strong rental history. Properties in this area are consistently in demand due to their proximity to campus and

    Steve Bock RE/MAX REAL ESTATE CENTER

    2907/203 W Campus St, Ames, IA 50014
  • 3902 Ontario St, Ames, IA 50014
    3902 Ontario St, Ames, IA 50014
    3902 Ontario St, Ames, IA 50014
    /15

    $579,500

    • 852 Sq Ft

    3902 Ontario St, Ames, IA 50014

    Great investment opportunity. Located on Ontario Street in Ames, this well-maintained multi-family investment opportunity features two duplex buildings, totaling four rental units, just 2 miles from Iowa State University.Each unit offers a functional layout with 2 bedrooms and 1 full bathroom, providing comfortable living spaces ideal for students, young professionals, or small families. Both

    Chuck Winkleblack Hunziker & Assoc.-Ames

    3902 Ontario St, Ames, IA 50014
  • 1307 Florida Ave, Ames, IA 50014
    1307 Florida Ave, Ames, IA 50014
    1307 Florida Ave, Ames, IA 50014
    /13

    $525,000

    • 4,026 Sq Ft

    1307 Florida Ave, Ames, IA 50014

    This 4 plex has large units with 2 fireplaces, big kitchen workspaces and bedrooms!

    Steve Bock RE/MAX REAL ESTATE CENTER

    1307 Florida Ave, Ames, IA 50014
  • 505 8th St, Ames, IA 50010
    505 8th St, Ames, IA 50010
    /2

    $875,000

    • 4,864 Sq Ft

    505 8th St, Ames, IA 50010

    Great Location in the downtown area. Minutes from Main Street, grocery, shopping, & restaurants. The listing agent is related to the seller

    Dan Hunziker Hunziker & Assoc.-Ames

    505 8th St, Ames, IA 50010
  • 215 Jewel Dr Unit 1-8, Ames, IA 50010
    215 Jewel Dr Unit 1-8, Ames, IA 50010
    215 Jewel Dr Unit 1-8, Ames, IA 50010
    /19

    $995,000

    • 8,267 Sq Ft

    215 Jewel Dr Unit 1-8, Ames, IA 50010

    Turnkey investment opportunity! This beautifully maintained 8-plex on the south side of Ames features a strong rental history and long-term tenants, delivering cash flow from day one. There are 4 2BR units, 2 3BR units, and 2 4BR units, each with 2 full baths. Two recently renovated vacant units are available for immediate showings. A solid, income-producing property with professional management

    Mark Greenfield RE/MAX REAL ESTATE CENTER

    215 Jewel Dr Unit 1-8, Ames, IA 50010
  • 4524 Steinbeck St, Ames, IA 50014
    4524 Steinbeck St, Ames, IA 50014
    4524 Steinbeck St, Ames, IA 50014
    /3

    $1,200,000

    • 7,904 Sq Ft

    4524 Steinbeck St, Ames, IA 50014

    Modern & Spacious 8-Plex in West Ames. Outstanding investment opportunity in West Ames! This well-maintained 8-plex features eight 3-bedroom, 2-bathroom units, each offering a spacious and functional layout. Lower-level units include patios, while upper-level units feature decks and vaulted ceilings, adding a sense of openness. All units are equipped with in-unit laundry for added tenant

    John Livingston Hunziker & Assoc.-Ames

    4524 Steinbeck St, Ames, IA 50014
Iowa Story County Ames

Multi-Family Homes & Duplexes for Sale in Ames, IA

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 36 days on the market compared to the national average of 57 days. The median sale price for homes in Ames, IA over the last 12 months is $301,000, down 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$301,000
Median Single Family Sale Price
$325,000
Median Townhouse Sale Price
$224,900
Median 2 Bedroom Sale Price
$261,250
Median 1 Bedroom Sale Price
$100,000
Median Studio Sale Price
$238,750
Average Price Per Sq Ft
$215
Number of Homes for Sale
73
Last 12 months Home Sales
594
Months of Supply
1.50
Median List Price
$325,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-1%

Popular Home Searches in Ames, IA

In Ames, buyers often focus on livability, affordability, and homes with features that work well year-round.

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 $525,000 to $2,300,000, there's a range to accomodate every budget. As of May, 2026 the median home price in Ames is $325,000, while the average sale price is $336,266, offering insights into the local housing market. On average, multi-family homes spend 36 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.

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