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$2,999,995
68 Days On Site

3500 Grand Avenue
Ames, IA 50010

For Sale|Residential Income|Active
65
Beds
43
Total Baths
43
Full Baths
13,090
SqFt
$229
/SqFt
1977
Built
County:
Story

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(641) 780-4373
3500 Grand Avenue3500 Grand Avenue3500 Grand Avenue3500 Grand Avenue
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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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Listing Snapshot
Price 
$2,999,995
Days On Site 
68 Days
Bedrooms 
65
Inside Area (SqFt) 
13,090 sqft
Total Baths 
43
Full Baths 
43
Partial Baths 
N/A
Lot Size 
2.102 Acres
Year Built 
1977
MLS® Number 
725195
Status 
Active
Property Tax 
$33,733
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoPrice changed to $2,999,995
3 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
2.102
Foundation 
Slab
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
13090
Utilities 
Electricity AvailableNatural Gas AvailableWater Available
Water Source 
Public
Zoning 
RH
Interior Features
Appliances 
CooktopDishwasherRefrigerator
Cooling 
Central Air
Flooring 
CarpetLaminate
Furnished 
Unfurnished
Heating 
Natural GasForced Air
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Exterior Features
Construction Details 
Metal Siding
Lot Features 
Irregular Lot
Roof 
AsphaltShingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Ames
Roads 
Concrete
School District 
Ames
Schools
School District
Ames
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Century 21 Signature



Listing information is provided by Participants of the Des Moines Area Association of Realtors. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Des Moines Area Association of Realtors.
Last checked: 2025-11-05 09:25 AM UTC

Neighborhood & Commute
Source: Walkscore
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