$2,999,995
$295K PRICE DROP

3500 Grand Ave Ames, IA 50010

Estimated payment $18,623/month

Total Views 7,153
-- Bed
43 Baths
13,090 Sq Ft
$229 Price per Sq Ft

Highlights

  • 43 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • Ames High School Rated A-
  • Laundry Room
  • Carpet

About This Home

Incredible investment opportunity in Ames, Iowa, a thriving college town with strong rental demand and easy accessibility to the Iowa State University campus. This property includes 43 total units across two well-maintained buildings, offering a desirable mix of 22 two-bedroom units and 21 one-bedroom units. Each unit features a full bath along with a refrigerator, stove, and dishwasher. Residents also benefit from the convenience of two washers and two dryers per building. The property has seen significant capital improvements including: New roofs and siding, HVAC systems (many replaced within the last 10 years), water heaters (5–7 years old), most decks have been replaced, and updated flooring in many units. Located in close proximity to North Grand Mall, shopping, and restaurants.

Listing Agent

Ethan Hokel

Century 21 Signature Listed on: 08/27/2025

Century 21 Signature

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $33,733

Year Built

  • Built in 1977

Lot Details

  • 2.1 Acre Lot
  • Irregular Lot

Home Design

  • 13,090 Sq Ft Home
  • Slab Foundation
  • Asphalt Shingled Roof
  • Metal Siding

Kitchen

  • 43 Kitchens
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Additional Features

  • Laundry Room
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 43 Units
  • Triplett Property Mgmt Association

Listing and Financial Details

  • Assessor Parcel Number 0526300040

Property Details

Home Type

Apartment

Est. Annual Taxes

$33,733

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 229.18
  • Termite: Call Listing Agent
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 43
  • Refrigerators: 43
  • Stoves Total: 43
  • Interior Amenities: Carpeting, Laminate Floors, Smoke Detector
  • Total Bathrooms: 43.00
  • Full Bathrooms: 43
  • First Floor Full Bathrooms: 21
  • Second Floor Full Bathrooms: 22
  • Basement Description: Slab
  • Kitchens: 43
  • Laundry: Yes
  • Storage: No
  • Included Items: Dishwasher, Refrigerator, Stove
  • Living Area Sq Ft: 13090
  • Total Sq Ft: 13090

Exterior Features

  • Exterior: Metal Siding
  • Foundation: Poured
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Services: Exterior Maint./Bldg., Taxes

Condo/Co-op/Association

  • Association Fee: No

Association/Amenities

  • Management Firm: Triplett Property Mgmt

Lot Info

  • Acres: 2.1020
  • Lot S F: 91563
  • Lot Shape: Irregular
  • Assessor Parcel Number: 0526300040
  • Zoning: RH

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Landlord, Taxes Owner, Water Landlord

Tax Info

  • Gross Taxes: 33733.00
  • Net Taxes: 33734.00
  • Tax Year: 2024

Multi Family

  • Total Units: 43

MLS Schools

  • School District: Ames

Map

Range of Values:

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Value Increase
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Percent Increase
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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
10/17/2025 10/17/25 Price Changed $2,999,995 0.0% $229 / Sq Ft
10/10/2025 10/10/25 For Rent $750 0.0% --
08/27/2025 08/27/25 For Sale $3,295,000 0.0% $252 / Sq Ft
07/30/2025 07/30/25 Price Changed $825 -- $1 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Source: Des Moines Area Association of REALTORS®

MLS Number: 725195

Des Moines Area Association of REALTORS®
Iowa Story County Ames 50010

3500 Grand Ave, Ames, IA

For Sale

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Ethan Hokel
Listing Agent
Ethan Hokel
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Century 21 Signature
(515) 316-4575