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.
For sale
$550,000
1407 Georgia Ave, Ames, IA 50014
--beds
0baths
3,120sqft
Triplex, Multi Family
Built in 1995
-- sqft lot
$-- Zestimate®
$176/sqft
$-- HOA
What's special
Spacious floor planPrivate garage
- 157 days
- 61
- 2
Zillow last checked:
Listing updated:
Listed by:
Gale & Ryan Gehling Team 515-233-9100,
Keller Williams Ames
Source: CIBR,MLS#: 70227
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
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $550,000+22.9%$176/sqft |
Source: | ||
| 8/31/2017 | Sold | $447,500$143/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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






