1407 Georgia Ave Ames, IA 50014
Sawyer West NeighborhoodEstimated payment $3,424/month
Highlights
- No HOA
- Carpet
- 3-minute walk to Hutchinson Park
- Forced Air Heating and Cooling System
About This Home
Outstanding income-producing triplex built in 1995 offering three large 4-bedroom, 2 full bathroom units. Each unit features its own washer and dryer, private garage, and spacious floor plan designed for strong tenant appeal and long-term occupancy. Market rents are projected at $1,470 per month per unit, creating excellent income potential for investors. The property has been well maintained and includes a newer roof installed in 2019. The Landlord provides lawn care, snow removal, and trash service; all other utilities are the responsibility of the tenants. Large bedroom counts, desirable tenant amenities, and solid rental income make this a rare multifamily opportunity with strong cash flow potential and long-term investment value.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,126
Year Built
- Built in 1995
Lot Details
- 10,193 Sq Ft Lot
Parking
- 4 Car Garage
Home Design
- Triplex
- Poured Concrete
- Vinyl Siding
Interior Spaces
- 3,120 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 05-31-475-150
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $15,131
- Gross Income $52,200
- Net Operating Income $37,069
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,126 | $389,900 | $60,000 | $329,900 |
| 2024 | $5,018 | $353,400 | $49,300 | $304,100 |
| 2023 | $6,998 | $353,400 | $49,300 | $304,100 |
| 2022 | $8,142 | $416,000 | $49,300 | $366,700 |
| 2021 | $8,758 | $416,000 | $49,300 | $366,700 |
| 2020 | $10,040 | $416,000 | $49,300 | $366,700 |
| 2019 | $10,040 | $447,500 | $49,300 | $398,200 |
| 2018 | $6,186 | $354,100 | $44,800 | $309,300 |
| 2017 | $6,186 | $354,100 | $44,800 | $309,300 |
| 2016 | $6,236 | $354,100 | $44,800 | $309,300 |
| 2015 | $6,236 | $354,100 | $44,800 | $309,300 |
| 2014 | $6,362 | $354,100 | $44,800 | $309,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | For Sale | $550,000 | +22.9% | $176 / Sq Ft | |
| 08/31/2017 08/31/17 | Sold | $447,500 | -2.5% | $96 / Sq Ft | View Prior Sale |
| 07/03/2017 07/03/17 | Pending | -- | -- | -- | |
| 06/10/2017 06/10/17 | For Sale | $459,000 | -- | $98 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Central Iowa Board of REALTORS®
MLS Number: 70227
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Ask me questions while you tour the home.