3500 Grand Avenue, Ames, IA 50010

Local realty services provided by:Better Homes and Gardens Real Estate Innovations
3500 Grand Avenue,Ames, IA 50010
$2,999,995
  • 65 Beds
  • 43 Baths
  • 13,090 sq. ft.
  • Multi-family
  • Active
Listed by: ethan hokel
Office: century 21 signature
MLS#:725195
Source:IA_DMAAR

Price summary

  • Price:$2,999,995
  • Price per sq. ft.:$229.18

About this home

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.

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Home facts

  • Year built:1977
  • Listing ID #:725195
  • Added:146 day(s) ago
  • Updated:January 22, 2026 at 05:05 PM

Rooms and interior

  • Bedrooms:65
  • Total bathrooms:43
  • Full bathrooms:43
  • Living area:13,090 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas, Natural Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1977
  • Building area:13,090 sq. ft.
  • Lot area:2.1 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,999,995
  • Price per sq. ft.:$229.18
  • Tax amount:$33,733 (2024)

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