$575,000

Estimated payment $3,554/month

Studio
8 Baths
4,794 Sq Ft
$120 Price per Sq Ft

Highlights

  • 4 Kitchens
  • Laundry Room
  • Forced Air Heating and Cooling System
  • No HOA
  • Storage
  • 5-minute walk to Old Towne Park

About This Home

Turn-key investment property with great rental history. 4-plex with all 3 bedroom, 2 bath units built in 1995. New roof 2018. Several recent updates including new exterior door and keypad, and some new flooring in 2 units. All units are rented through July, 2027.

Listing Agent

Molly Neal-wong

RE/MAX Concepts-Ames Listed on: 04/13/2026

RE/MAX Concepts-Ames

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,816

Year Built

  • Built in 1995

Home Design

  • Slab Foundation
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 4,794 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • 4 Kitchens

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 10,803 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0902131020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,816

Year Built

Built in 1995

Lot Details

10,803 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 119.94
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 4
  • Refrigerators: 4
  • Stoves Total: 4
  • Interior Amenities: Carpeting, Vinyl Floors
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Third Floor Full Bathrooms: 8
  • Basement Description: Slab
  • Kitchens: 4
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 4794
  • Total Sq Ft: 4794

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Poured
  • Sidewalk: Y

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2480
  • Lot S F: 10803
  • Assessor Parcel Number: 0902131020
  • Zoning: RM

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Water Tenant

Tax Info

  • Gross Taxes: 5816.00
  • Net Taxes: 5816.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Ames

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,816 $399,800 $60,000 $339,800
2024 $5,696 $401,000 $112,400 $288,600
2023 $7,586 $401,000 $112,400 $288,600
2022 $8,826 $450,900 $112,400 $338,500
2021 $9,240 $450,900 $112,400 $338,500
2020 $9,846 $438,900 $107,000 $331,900
2019 $9,846 $438,900 $107,000 $331,900
2018 $9,868 $399,000 $97,300 $301,700
2017 $9,868 $399,000 $97,300 $301,700
2016 $8,782 $321,600 $78,400 $243,200
2015 $8,782 $321,600 $78,400 $243,200
2014 $8,802 $303,400 $74,000 $229,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2026 04/13/26 For Sale $575,000 +44.1% $120 / Sq Ft
07/06/2016 07/06/16 Sold $399,000 0.0% $83 / Sq Ft View Prior Sale
05/21/2016 05/21/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $399,000 -- $83 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Source: Des Moines Area Association of REALTORS®

MLS Number: 738292

Des Moines Area Association of REALTORS®
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