$579,500
$246K PRICE DROP

3902 Ontario St Ames, IA 50014

Ontario Neighborhood

Estimated payment $3,708/month

Total Views 25,109
-- Bed
-- Bath
852 Sq Ft
$680 Price per Sq Ft

Highlights

  • 0.9 Acre Lot
  • Property is near schools and bus stop
  • Wood Siding
  • 4 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

Great investment opportunity. Located on Ontario Street in Ames, this well-maintained multi-family investment opportunity features two duplex buildings, totaling four rental units, just 2 miles from Iowa State University.
Each unit offers a functional layout with 2 bedrooms and 1 full bathroom, providing comfortable living spaces ideal for students, young professionals, or small families. Both duplexes include attached 2-car garages (one per building), adding convenience and desirable off-street parking for tenants.

Listing Agent

Chuck Winkleblack

Hunziker & Assoc.-Ames Brokerage Phone: (515)-290-7007 License #B32796 Listed on: 08/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,967

Year Built

  • Built in 1976

Lot Details

  • 39,039 Sq Ft Lot
  • Lot Dimensions are 169 x 231

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 852 Sq Ft Home
  • Natural lighting in basement

Flooring

  • Carpet
  • Laminate

Location

  • Property is near schools and bus stop

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 09-05-101-140

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $22,579
  • Gross Income $64,740
  • Net Operating Income $42,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,967

Year Built

Built in 1976

Lot Details

0.9 Acres

Parking

4

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.9
  • Lot Size: 169 x 231
  • Directions: West on Ontario Street. Located on the south side of the street between Garfield Ave. and Arizona Ave.
  • Garage Yn: Yes
  • Year Built: 1976
  • Attribution Contact: (515)-290-7007
  • Foundation:Poured: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Annual Expenses: 22579.0
  • Income Expenses Net Income: 42161.0
  • Features:Bus: Yes
  • Features:School: Yes
  • Special Features: None

Interior Features

  • Has Basement: Daylight
  • Flooring: Laminate, Carpet
  • Basement:Daylight: Yes

Exterior Features

  • Construction Type: Wood Siding
  • Foundation Details: Poured

Garage/Parking

  • Garage Spaces: 4.0
  • Keywords:Garage Type3: Attached
  • Keywords:Parking Spaces2: None

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

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 39039.0
  • Parcel #: 09-05-101-140
  • Zoning: Residential

Rental Info

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

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 64740.0
  • Property Net Operating Income: 42161.0
  • Annual Operating Expense: 22579.0

Tax Info

  • Tax Annual Amount: 6967.11

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
03/23/2026 03/23/26 Price Changed $579,500 -26.2% $680 / Sq Ft
10/30/2025 10/30/25 Price Changed $785,000 -4.8% $921 / Sq Ft
08/26/2025 08/26/25 For Sale $825,000 -- $968 / Sq Ft
Source: Central Iowa Board of REALTORS®

Source: Central Iowa Board of REALTORS®

MLS Number: 68298

APN: 09-05-101-140

Iowa Story County Ames 50014 Ontario

3902 Ontario St, Ames, IA

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Chuck Winkleblack
Listing Agent
Chuck Winkleblack
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Hunziker & Assoc.-Ames
(515) 575-2044
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