NOT LISTED FOR SALE

216 S Franklin Ave Ames, IA 50014

Edwards Neighborhood

Estimated Value: $222,000 - $239,000

6 Beds
2 Baths
816 Sq Ft
$282/Sq Ft Est. Value

Sale Details

Date Sold: February 6, 2026

Last sale price $260,000 $319 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,497 / mo

11 Days on Market

Highlights

  • No HOA
  • Vinyl Flooring
  • 2-minute walk to Franklin Park
  • Forced Air Heating and Cooling System

About This Home

As of February 2026

Well-maintained duplex located in West Ames within walking distance to campus and situated on a spacious corner lot accommodating up to 6 vehicles. Each unit offers 3 bedrooms and 1 full bathroom, featuring adequate-sized living rooms, neutral paint colors, and lots of natural light throughout. Both units are clean and in good condition. In-unit stacked washer and dryers in both units. Major mechanical updates include furnaces, central AC, and water heaters replaced in 2014 for both units. Seller is willing to negotiate shingle replacement as part of an agreement. Rental letter of compliance in place through September 29, 2026. Excellent investment or owner-occupant opportunity in a strong rental location.

Last Agent to Sell the Property

Gale Gehling Team

Keller Williams Ames License #S42816 Listed on: 12/22/2025

Keller Williams Ames

Last Buyer's Agent

Jared Van Cleave

JDR Group

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,814

Year Built

  • Built in 1982

Lot Details

  • 7,565 Sq Ft Lot
  • Lot Dimensions are 90 x 84.05

Home Design

  • Duplex
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 816 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 09-08-225-280

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,266
  • Gross Income $31,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,814

Year Built

Built in 1982

Lot Details

7,565 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.17
  • Lot Size: 90 x 84.05
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1982
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Floor:Laminate: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Concrete Block: Yes
  • Annual Expenses: 10265.52
  • Levels:Two2: Yes
  • Special Features: None

Interior Features

  • Has Basement: Daylight, Full
  • Flooring: Vinyl, Laminate
  • Basement:Full2: Yes
  • Basement:Daylight: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Exterior: Vinyl Siding: Yes

Garage/Parking

  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: 6 - 10 Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 7565.0
  • Parcel #: 09-08-225-280
  • Zoning: Residential RL

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31680.0
  • Annual Operating Expense: 10265.52

Tax Info

  • Tax Annual Amount: 2814.14

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2025
Closed on
Jan 29, 2026
Sold by
Nepp Properties Llc
Bought by
Seller's Agent
Gale Gehling Team
Keller Williams Ames
Buyer's Agent
Jared Van Cleave
JDR Group
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%
Views
45
Current Estimated Value
$229,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,109
Avg. Annual Appreciation
-19.12%

Purchase Details

Listed on
Dec 22, 2025
Closed on
Jan 26, 2026
Sold by
Costello Francis H and Costello Jacqueline C
Bought by
Nepp Properties Llc
Seller's Agent
Gale Gehling Team
Keller Williams Ames
Buyer's Agent
Jared Van Cleave
JDR Group
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%
Views
45
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$260,000 None Listed On Document
Nepp Properties Llc $215,000 None Listed On Document
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $267,766
Previous Owner Costello Francia H $103,200
Previous Owner South Franklin Avenue 216 Lc $107,000
Source: Public Records

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
02/06/2026 02/06/26 Sold $260,000 0.0% $319 / Sq Ft
01/02/2026 01/02/26 Pending -- -- --
12/22/2025 12/22/25 For Sale $259,900 -- $319 / Sq Ft
Source: Central Iowa Board of REALTORS®

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 $2,814 $226,100 $37,800 $188,300
2024 $2,756 $194,000 $34,700 $159,300
2023 $2,336 $194,000 $34,700 $159,300
2022 $2,306 $138,800 $34,700 $104,100
2021 $2,316 $138,800 $34,700 $104,100
2020 $2,284 $131,700 $32,900 $98,800
2019 $2,284 $131,700 $32,900 $98,800
2018 $2,300 $131,700 $32,900 $98,800
2017 $2,300 $131,700 $32,900 $98,800
2016 $2,154 $122,300 $29,300 $93,000
2015 $2,154 $122,300 $29,300 $93,000
2014 $2,198 $122,300 $29,300 $93,000
Source: Public Records

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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 69106

APN: 09-08-225-280

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