1407 Georgia Avenue Ames, IA $ 550,000
1407 Georgia Avenue
$ 550,000
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1407 Georgia Avenue

Ames, IA, 50014
$ 550,000
Baths0.0 Sq 3,120

Monthly Estimate*

$ 3,386

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Studio

Multi-Family Home for sale in Ames, IA

for $550,000. This 3,120 square foot home was built in 1995 on a lot size of 0.23.

Outstanding income-producing triplex built in 1995 offering three large 4-bedroom, 2 full bathroom units. Each unit features its own washer and dryer, private garage, and spacious floor plan designed for strong tenant appeal and long-term occupancy. Market rents are projected at $1,470 per month per unit, creating excellent income potential for investors. The property has been well maintained and includes a newer roof installed in 2019. The Landlord provides lawn care, snow removal, and trash service; all other utilities are the responsibility of the tenants. Large bedroom counts, desirable tenant amenities, and solid rental income make this a rare multifamily opportunity with strong cash flow potential and long-term investment value.

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Multi-Family Active

Price

$ 550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,126

Style

Triplex

Lot Size

0.23

Year Built

1995

Town/City

Ames

County/Region

Story

MLS | Web ID

70227

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Subject To Tenant Rights Rental Agreement
Zoning RH
Garage Spaces 4
Construction Materials Vinyl Siding
Year Built 1995
Levels Two
Property Subtype Triplex
Parcel Number 05-31-475-150
Gross Income 52200
County Story
Net Operating Income 37068.96
Operating Expense 15131.04
Property Type Multi-Family
HOA false
Garage Y/N true
Status Active
City Ames
High School District Ames
Number Of Units Total 3
MLS Area 0002 - Ames NW
Lot Size Units Square Feet
Lot Size Square Feet 10193
Tax Annual Amount 5126.32
MLS Area Minor 0002 - Ames NW
Standard Status Active
Tax Assessed Value 389900
Legal Description ONTARIO O T LOT 5 & 10' ADJ ON E BLK 4
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Interior
Basement Full
Flooring Vinyl Carpet
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
Heating-Forced Air true
Heating-Natural Gas true
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Exterior
Water Source Public
Lot Size Area 10193
Foundation Details Poured
Building Area Total 3120
Lot Size Acres 0.23
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* Excluded Features
List By
Gale & Ryan Gehling

Listing Agent

Keller Williams Ames

Broker

galegehling@kw.com

Email

Affordability Calculator

$3,814
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$427
Monthly 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
0 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2026$550,000 Listed Price

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1407 Georgia Avenue, Ames, IA, 50014 is a Multi-Family Home for sale at $550,000 with 3,120 sqft and a lot size of 0.23. 1407 Georgia Avenue is a studio with 0.0 baths and was built in 1995. The property's zip code is 50014 which is in Ames, IA