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For sale
  • $550,000

    1407 Georgia Ave, Ames, IA 50014

    --beds
    0baths
    3,120sqft
    : 
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    Triplex, Multi Family
    Built in 1995
    -- sqft lot
    $-- Zestimate®
    $176/sqft
    $-- HOA

    What's special

    Spacious floor planPrivate garage
    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.
    62 days
    |
    124
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Gale & Ryan Gehling Team 515-233-9100,

    Keller Williams Ames

    Source: CIBR,MLS#: 70227MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Features
      • Flooring: Vinyl, Carpet
      • Basement: Full
      Interior area
      • Total structure area: 3,120
      • Total interior livable area: 3,120 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Lot
      • Size: 10,018 Square Feet
      Details
      • Parcel number: 0531475150
      • Zoning: RH

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Foundation: Concrete Perimeter
      Condition
      • Year built: 1995

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Ames

      Financial & listing details

      • Price per square foot: $176/sqft
      • Tax assessed value: $389,900
      • Annual tax amount: $5,126
      • Date on market: 5/19/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/19/2026Listed for sale$550,000+22.9%$176/sqft
        Source: CIBR #70227 Report a problem
        8/31/2017Sold$447,500$143/sqft
        Source: CIBR #47391 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,126 +2.2%$389,900 +10.3%
        2024$5,018 -28.3%$353,400
        2023$6,998 -14.1%$353,400 -15%
        2022$8,142 -7%$416,000
        2021$8,758 -12.8%$416,000
        2020$10,040 -5.1%$416,000 -7%
        2019$10,580 +65.9%$447,500
        2018$6,378 +0%$447,500 +26.4%
        2017$6,378 +2.3%$354,100
        2016$6,236 $354,100
        2015$6,236 +0.4%$354,100
        2014$6,214 $354,100
        2013-- $354,100
        2012-- $354,100 +18.5%
        2004$8,958 +1.3%$298,800
        2003$8,846 -1.5%--
        2002$8,979 +10%$290,964 +7.8%
        2001$8,161 $269,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50014

        Getting around

        18 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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