3500 Grand Avenue Ames, IA 50010
Listing Courtesy of: IOWA AOR / Century 21 Signature Real Estate / Ethan Hokel - Contact:  (865) 801-1887

  3500 Grand Avenue Ames, IA 50010

Active (2 Days)
$3,295,000
65
BED
43
BATH
13,090
SQFT

Description

Incredible investment opportunity in Ames, Iowa, a thriving college town with strong rental demand and easy accessibility to the Iowa State University campus. This property includes 43 total units across two well-maintained buildings, offering a desirable mix of 22 two-bedroom units and 21 one-bedroom units. Each unit features a full bath along with a refrigerator, stove, and dishwasher. Residents also benefit from the convenience of two washers and two dryers per building. The property has seen significant capital improvements including: New roofs and siding, HVAC systems (many replaced within the last 10 years), water heaters (5–7 years old), most decks have been replaced, and updated flooring in many units. Located in close proximity to North Grand Mall, shopping, and restaurants.

MLS #:
725195
Taxes
$33,733(2024)
Lot Size
2.1 acres
Type
Multifamily
Year Built
1977
School District
Ames
County
Story County

Listed By

Ethan Hokel, Century 21 Signature Real Estate, Contact: (865) 801-1887
Source
IOWA AOR
Last checked Aug 29 2025 at 7:48 AM GMT-0500
Bathroom Details
  • Full Bathrooms: 43
Interior Features
  • Dishwasher
  • Refrigerator
  • Stove
Lot Information
  • Irregular Lot
Property Features
  • Foundation: Poured
  • Foundation: Slab
Heating and Cooling
  • Gas
  • Forced Air
  • Natural Gas
  • Central Air
Flooring
  • Carpet
  • Laminate
Exterior Features
  • Roof: Asphalt
  • Roof: Shingle
Utility Information
  • Utilities: Electricity Available, Natural Gas Available, Water Available, Water Source: Public
  • Sewer: Public Sewer
Living Area
  • 13,090 sqft
Additional Information: Signature Real Estate | (865) 801-1887
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by C21 Signature Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Iowa Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/29/25 00:48