$785,000
$40K PRICE DROP

3902 Ontario St Ames, IA 50014

Ontario Neighborhood

Estimated payment $4,658/month

Total Views 16,314
-- Bed
-- Bath
852 Sq Ft
$921 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. These 2 parcels include 2 duplexes (3902/3906 Ontario and 3910/3912 Ontario) and a single family home (3908 Ontario) all being sold together for $825,000. See MLS # 68297 for information on the single family home.

Listing Agent

Chuck Winkleblack

Hunziker & Assoc.-Ames 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

  • 0.9 Acre 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

Parking

4

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.9
  • Lot Size: 169 x 231
  • Garage Yn: Yes
  • Year Built: 1976
  • 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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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
10/30/2025 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

For Sale

MultiFamily

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