3902/3912 Ontario Street Ames, IA ^$ 579,500

3902/3912 Ontario Street

^$ 579,500

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3902/3912 Ontario Street

Ames, IA, 50014

^$ 579,500

Studio Baths0.0 Sq 852

Monthly Estimate*

^$ 3,568

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Studio

Multi-Family Home for sale in Ames, IA

for $579,500. This 852 square foot home was built in 1976 on a lot size of 0.9.

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.

Multi-Family Active

Price

^$ 579,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 6,967

Style

Duplex

Lot Size

0.9

Year Built

1976

Town/City

Ames

County/Region

Story

MLS | Web ID

68298

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Central Air

Zoning Residential

Garage Spaces 4

Construction Materials Wood Siding

Year Built 1976

Property Subtype Duplex

Parcel Number 09-05-101-140

Gross Income 64740

County Story

Net Operating Income 42161

Operating Expense 22579

Property Type Multi-Family

Garage Y/N true

Status Active

City Ames

High School District Ames

Number Of Units Total 5

MLS Area 0002 - Ames NW

Lot Size Units Square Feet

Lot Size Square Feet 39039

Tax Annual Amount 6967.11

MLS Area Minor 0002 - Ames NW

Standard Status Active

Tax Assessed Value 519000

Legal Description SECTION:05 TOWNSHIP:83 RANGE:24 N264' E169' LOT 7 EX COM NE COR LOT 7 W40' TO BEG S148' W88.9' N148' E89' TO BEG AMES

Interior

Basement Daylight

Flooring Laminate Carpet

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Heating-Forced Air true

Heating-Natural Gas true

Exterior

Water Source Public

Lot Size Area 39039

Foundation Details Poured

Building Area Total 852

Lot Dimensions 169 x 231

Lot Size Acres 0.9

* Excluded Features

List By

Chuck Winkleblack

Listing Agent

Hunziker & Assoc.-Ames

Broker

(515)-290-7007

Contact

Affordability Calculator

$4,149

Per Month

Monthly Principal & Interest: $3,568
Monthly Property Taxes: $581
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Ames, IA

Average List Price ^$861,765

Percent of Sale Price 49%

About Ames, IA

63,519 Population

25% Since 2002

^$45,540 Median Income

26.76 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/23/2026	$579,500	-26.18%	Price Down
3/10/2026	$785,000		Listed Price

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3902/3912 Ontario Street, Ames, IA, 50014 is a Multi-Family Home for sale at $579,500 with 852 sqft and a lot size of 0.9. 3902/3912 Ontario Street is a studio with 0.0 baths and was built in 1976. The property's zip code is 50014 which is in Ames, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Central Iowa Board of Realtors®.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Central Iowa Board of Realtors®. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/16/2026.

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3902/3912 Ontario Street

Multi-Family Home for sale in Ames, IA

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