$457,000
SOLD JUL 23, 2025

321 Stanton Ave Ames, IA 50014

South Campus Area Neighborhood
-- Bed
-- Bath
2,880 Sq Ft
0.27 Acres

Recently Sold

$159 Per Sq Ft

6% Below List Price

13 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • 4-minute walk to Ames Dog Park
  • Cooling System Mounted In Outer Wall Opening
  • Carpet

About This Home

As of July 2025

Investment opportunity to own 4 units located less than 2 blocks of ISU Campus. Location, Location, Location. Leased through 7/25/2026.

Coin-operated Laundry Room, New boiler 2023 and 4 new water heaters in 2022. Roof installed in 2017 is Malarkey Vista Class IV 50 year shingles.

This property should be purchased with 327 Stanton (House) for maximum parking but can be separated.

Agent/Broker Mike Frisk is an owner/member of M&J Rentals, LLC

Last Agent to Sell the Property

Mike Frisk

First Property Management of Ames License #B38841 Listed on: 06/01/2025

Last Buyer's Agent

Miranda Brockman

RE/MAX REAL ESTATE CENTER License #S65972

RE/MAX REAL ESTATE CENTER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,992

Year Built

  • Built in 1979

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 66x175

Home Design

  • Quadruplex
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 09-09-131-160

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Refrigerator, Stove, And Dishwasher Association

Building Details

  • Operating Expense $21,641
  • Gross Income $51,000
  • Net Operating Income $29,359

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,992

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.27
  • Lot Size: 66x175
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1979
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Slab: Yes
  • Annual Expenses: 21641.0
  • Income Expenses Net Income: 29359.0
  • Cooling:Wall Unit(s): Yes
  • Special Features: None

Interior Features

  • Has Basement: None
  • Flooring: Vinyl, Laminate, Carpet
  • Basement:None3: Yes

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

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

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association Name: Refrigerator, Stove, and Dishwasher
  • Association: No

Association/Amenities

  • General Information:Homeowners Association (HOA): No

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 11543.0
  • Parcel #: 09-09-131-160
  • Zoning: RH & O-UIE - E

Rental Info

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

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 51000.0
  • Property Net Operating Income: 29359.0
  • Annual Operating Expense: 21641.0

Tax Info

  • Tax Annual Amount: 4992.02

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2025 07/23/25 Sold $457,000 -5.8% $159 / Sq Ft
06/14/2025 06/14/25 Pending -- -- --
06/01/2025 06/01/25 For Sale $485,000 -- $168 / Sq Ft
Source: Central Iowa Board of REALTORS®

Tax History Compared to Growth

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 $5,098 $311,000 $100,000 $211,000
2024 $4,992 $351,500 $175,500 $176,000
2023 $6,730 $351,500 $175,500 $176,000
2022 $7,828 $400,000 $175,500 $224,500
2021 $8,150 $400,000 $175,500 $224,500
2020 $8,686 $387,200 $167,100 $220,100
2019 $8,686 $387,200 $167,100 $220,100
2018 $8,706 $352,000 $151,900 $200,100
2017 $8,706 $352,000 $151,900 $200,100
2016 $7,258 $265,800 $114,700 $151,100
2015 $7,258 $265,800 $114,700 $151,100
2014 $7,274 $250,700 $108,200 $142,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mike Frisk

    First Property Management of Ames

    (515) 292-5020

    2 in this area

    5 Total Sales

    Mike Frisk
    Section Image

  • M

    Buyer's Agent in 2025

    Miranda Brockman

    RE/MAX

    (515) 231-8947

    1 in this area

    132 Total Sales

    Miranda Brockman
    Section Image
See All Agents

Map

Source: Central Iowa Board of REALTORS®

MLS Number: 67568

APN: 09-09-131-160

Iowa Story County Ames 50014 South Campus Area

321 Stanton Ave, Ames, IA

Sold

MultiFamily

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