NOT LISTED FOR SALE

439 S Maple Ave Ames, IA 50010

South Ames Business Neighborhood
Studio
8 Baths
7,436 Sq Ft
0.33 Acres

Last Sold December 23, 2024

Last sale price $1,050,000 $141 Per Sq Ft

69 Days on Market

Highlights

  • 8 Kitchens
  • Recreation Facilities
  • Forced Air Heating and Cooling System
  • No HOA
  • Laundry Room
  • 3-minute walk to O'Neil Park

About This Home

As of December 2024

The Cardinal View apartment building offers a lucrative 8-unit investment opportunity, strategically located within walking distance of Iowa State University’s Hilton Coliseum, Jack Trice Stadium, and the upcoming CyTown development. This prime location ensures a consistent rental demand from students, sports fans, and professionals alike.
The building comprises fully rented 2-bedroom, 1-bath units, providing a stable income stream for investors. Recent significant improvements enhance the building’s value and long-term appeal. With a strong rental history and proximity to key landmarks, Cardinal View presents a compelling opportunity for investors seeking steady cash flow and long-term appreciation.

Last Agent to Sell the Property

Jim Hibbs

LPT Realty, LLC Listed on: 09/17/2024

LPT Realty, LLC

Last Buyer's Agent

Sara Samms

Weichert, Miller & Clark

Weichert, Miller & Clark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,982

Year Built

  • Built in 1975

Lot Details

  • 0.33 Acre Lot

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 8 Full Bathrooms
  • 7,436 Sq Ft Home
  • 2-Story Property
  • 8 Kitchens
  • Laundry Room

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0910251040

Community Details

Overview

  • No Home Owners Association

Recreation

  • Recreation Facilities
  • Snow Removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,982

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 160.03
  • Sp Amt Sq Ft: 141.20
  • Termite: Call Listing Agent
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 8
  • Refrigerators: 8
  • Stoves Total: 8
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Second Floor Full Bathrooms: 8
  • Basement Description: Slab
  • Kitchens: 8
  • Laundry: Yes
  • Living Area Sq Ft: 7436
  • Total Sq Ft: 7436

Exterior Features

  • Exterior: Wood
  • Foundation: See Remarks
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Electric Forced Air
  • Separate Meters: Y
  • Services: Cable, Lawn Care, Recreational Facilities, Snow Removal

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.3343
  • Lot S F: 14560
  • Lot Shape: Regular
  • Assessor Parcel Number: 0910251040
  • Zoning: RH

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Insurance Landlord, Water Landlord

Tax Info

  • Gross Taxes: 6982.00
  • Net Taxes: 6982.00
  • Tax Year: 2024

MLS Schools

  • School District: Ames

Range of Values:

--
Value Increase
--
Percent Increase
--
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 Prior Sale
12/23/2024 12/23/24 Sold $1,050,000 -11.8% $141 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $1,190,000 +47.8% $160 / Sq Ft
12/20/2018 12/20/18 Sold $805,000 -5.8% $108 / Sq Ft View Prior Sale
12/03/2018 12/03/18 Pending -- -- --
09/27/2017 09/27/17 For Sale $855,000 -- $115 / Sq Ft
Source: Des Moines Area Association 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 $7,132 $699,800 $120,000 $579,800
2024 $6,982 $491,600 $76,100 $415,500
2023 $11,188 $491,600 $76,100 $415,500
2022 $13,016 $665,000 $76,100 $588,900
2021 $13,998 $665,000 $76,100 $588,900
2020 $14,920 $665,000 $76,100 $588,900
2019 $14,920 $805,000 $76,100 $728,900
2018 $7,686 $440,000 $76,100 $363,900
2017 $7,686 $440,000 $76,100 $363,900
2016 $7,732 $283,200 $76,100 $207,100
2015 $7,732 $283,200 $76,100 $207,100
2014 $7,752 $267,200 $71,800 $195,400
Source: Public Records

Agents Affiliated with this Home

  • Jim Hibbs

    Seller's Agent in 2024

    Jim Hibbs

    LPT Realty, LLC

    (515) 218-5757

    1 in this area

    85 Total Sales

    Jim Hibbs
    Section Image
  • Sara Samms

    Buyer's Agent in 2024

    Sara Samms

    Weichert, Miller & Clark

    (515) 460-0777

    1 in this area

    103 Total Sales

    Sara Samms
    Section Image

  • E

    Seller's Agent in 2018

    Ethan Hokel

    CENTURY 21 SIGNATURE-Huxley

  • Roger Wheeler

    Seller Co-Listing Agent in 2018

    Roger Wheeler

    CENTURY 21 SIGNATURE-Ames

    (515) 249-0107

    1 in this area

    323 Total Sales

    Roger Wheeler
    Section Image

  • C

    Buyer's Agent in 2018

    Collin Fett

    RE/MAX REC

See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 704069

Des Moines Area Association of REALTORS®

APN: 09-10-251-040

Iowa Story County Ames 50010 South Ames Business

439 S Maple Ave, Ames, IA

Not Listed for Sale

MultiFamily

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