A rare investment opportunity to own a 4 bedroom, 3 bathroom home in Ames, Iowa in a prime location for rental property ownership, just a short walk from Iowa State University. With spacious bedrooms, hardwood floors on the main level, and stainless steel appliances, the home is both functional and low-maintenance. Recent updates include new siding, roof, and vinyl windows, along with a 2021 HVAC system, providing peace of mind for years to come. Outside, enjoy a large yard and a detached one-stall garage. The property is currently leased through July 2026, with a rent increase already signed for the upcoming lease term, offering consistent cash flow from day one. A newly renewed Letter of Compliance is already in the works. Properties of this size and condition near campus are rare—this is a great long-term hold in an area with strong rental demand!
Sold for $282,500
$282,500
219 Franklin Ave, Ames, IA 50014
4beds
1,157sqft
Single Family Residence, Residential
Built in 1929
9,583.2 Square Feet Lot
$290,900 Zestimate®
$244/sqft
$2,141 Estimated rent
Home value
$290,900
$262,000 - $323,000
$2,141/mo
Zestimate® history
Owner options
List your home for rent
$2,141/mo
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$2,141/mo
Rent Zestimate®
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$1,828/mo
Est. payment
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$1,828/mo
Est. payment
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List your homeWhat's special
Detached one-stall garageSpacious bedroomsLarge yardStainless steel appliancesVinyl windows
Zillow last checked:
Listing updated:
Listed by:
Real Estate Team, Jennings 515-291-8720,
RE/MAX REAL ESTATE CENTER,
Elli Jennings,
RE/MAX REAL ESTATE CENTER
Bought with:
Laurry Wailes, S70657000
The American Real Estate Company
Source: CIBR,MLS#: 66806
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Level: Main
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Basement
Full bathroom
- Level: Main
Full bathroom
- Level: Upper
Full bathroom
- Level: Basement
Den
- Level: Basement
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Office
- Level: Basement
Utility room
- Level: Basement
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Ceiling Fan(s)
- Flooring: Vinyl, Hardwood, Carpet
- Basement: Partial
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 1,157
- Total interior livable area: 1,157 sqft
- Finished area below ground: 647
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Patio
Lot
- Size: 9,583 sqft
Details
- Parcel number: 0905451120
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Tile, Brick/Mortar
Condition
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Ames
Other
Other facts
- Road surface type: Hard Surface
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $282,500$244/sqft |
Source:  CIBR #66806 Report a problem | ||
| 6/18/2025 | Listed for sale | $282,500$244/sqft |
Source: CIBR #66806 Report a problem | ||
| 5/24/2025 | Listing removed | $282,500$244/sqft |
Source: CIBR #66806 Report a problem | ||
| 4/7/2025 | Listed for sale | $282,500+13%$244/sqft |
Source: CIBR #66806 Report a problem | ||
| 7/20/2021 | Sold | $250,000$216/sqft |
Source: Public Record Report a problem | ||
| 6/4/2021 | Listed for sale | $250,000+115.5%$216/sqft |
Source: CIBR #57818 Report a problem | ||
| 8/15/2017 | Sold | $116,000$100/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,480 +2.1% | $221,900 -7.5% |
| 2024 | $3,408 +10.1% | $239,900 |
| 2023 | $3,096 +1.2% | $239,900 +30.4% |
| 2022 | $3,058 -4.1% | $184,000 |
| 2021 | $3,190 +17.3% | $184,000 +1.5% |
| 2020 | $2,719 -3.3% | $181,300 +15.6% |
| 2019 | $2,813 +6.6% | $156,800 |
| 2018 | $2,639 +6.1% | $156,800 |
| 2017 | $2,486 +2.5% | $156,800 +7% |
| 2016 | $2,426 | $146,500 |
| 2015 | $2,426 +15.1% | $146,500 +8% |
| 2014 | $2,108 | $135,700 +5.2% |
| 2013 | -- | $129,000 |
| 2012 | -- | $129,000 |
| 2011 | $1,924 +2.7% | -- |
| 2010 | $1,874 +7% | -- |
| 2009 | $1,752 +3.3% | -- |
| 2008 | $1,696 -0.1% | -- |
| 2007 | $1,698 +6.3% | -- |
| 2006 | $1,598 +15.3% | -- |
| 2005 | $1,386 -7.8% | -- |
| 2004 | $1,504 +29.4% | $101,400 |
| 2003 | $1,162 -12.2% | -- |
| 2002 | $1,323 +4.7% | $42,885 +2.6% |
| 2001 | $1,264 | $41,805 |
Find assessor info on the county website
Neighborhood: Edwards
Nearby schools
GreatSchools rating
- 5/10Abbie Sawyer Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Ames Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Ames High SchoolGrades: 9-12Distance: 1.9 mi
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- Iowa
- Story County
- Ames
- 50014
- Edwards
- 219 Franklin Ave
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