216/218 S Franklin Avenue Ames, IA $ 259,900
216/218 S Franklin Avenue
$ 259,900
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216/218 S Franklin Avenue

Ames, IA, 50014
$ 259,900
Baths0.0 Sq 816

Monthly Estimate*

$ 1,621

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Studio

Multi-Family Home for sale in Ames, IA

for $259,900. This 816 square foot home was built in 1982 on a lot size of 0.17.

Well-maintained duplex located in West Ames within walking distance to campus and situated on a spacious corner lot accommodating up to 6 vehicles. Each unit offers 3 bedrooms and 1 full bathroom, featuring adequate-sized living rooms, neutral paint colors, and lots of natural light throughout. Both units are clean and in good condition. In-unit stacked washer and dryers in both units. Major mechanical updates include furnaces, central AC, and water heaters replaced in 2014 for both units. Seller is willing to negotiate shingle replacement as part of an agreement. Rental letter of compliance in place through September 29, 2026. Excellent investment or owner-occupant opportunity in a strong rental location.

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Multi-Family Active

Price

$ 259,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,814

Style

Lot Size

0.17

Year Built

1982

Town/City

Ames

County/Region

Story

MLS | Web ID

69106

Features
General
Sewer Public
Heating Forced Air Natural Gas
Cooling Central Air
Possession As Agreed Negotiable
Water Public
Zoning Residential RL
Year Built 1982
County Story
Levels Two
Type Duplex
Age 21 - 50 Years
Property Type E
Terms As Agreed
Parcel Number 09-08-225-280
Auction No
City Ames
School District Ames
Legal Description C G LEE'S SD W1/2 LOT 5 & W1/2 N20' LOT 6
Public Remarks Well-maintained duplex located in West Ames within walking distance to campus and situated on a spacious corner lot accommodating up to 6 vehicles. Each unit offers 3 bedrooms and 1 full bathroom fea
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Interior
Basement Daylight Full
Flooring Laminate Vinyl
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Exterior
Exterior Vinyl Siding
Foundation Concrete Block
Garage Type None
Parking Spaces 6 - 10 Spaces
Garage Capacity 0.00
Lot Size 90 x 84.05
Acres 0.17
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* Excluded Features
List By
Gale & Ryan Gehling

Listing Agent

Keller Williams Ames

Broker

galegehling@kw.com

Email

Affordability Calculator

$1,856
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,621
Monthly Property Taxes
$235
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
1415582 Elementary School
1415521 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/22/2025$259,900 Listed Price

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216/218 S Franklin Avenue, Ames, IA, 50014 is a Multi-Family Home for sale at $259,900 with 816 sqft and a lot size of 0.17. 216/218 S Franklin Avenue is a studio with 0.0 baths and was built in 1982. The property's zip code is 50014 which is in Ames, IA