Great investment opportunity near Iowa State University! This well-maintained Ames quadplex offers an excellent location with convenient access to campus, shopping, dining, and other area amenities. The property has recently undergone extensive updates, helping reduce near-term maintenance needs while improving tenant appeal.
Recent improvements include new carpet, toilets, lighting, window blinds, refrigerators, gutters with leaf guards, duct cleaning, a new water heater, 22 new windows, and new front steps completed in 2024. The main sewer line and A/C system have also been inspected.
With four rental units, a desirable location near Iowa State, and numerous recent capital improvements already completed, 2304 Knapp St is a strong opportunity for investors looking to add a multifamily property to their Ames portfolio.
For sale
$600,000
2304 Knapp St, Ames, IA 50014
--beds
0baths
2,778sqft
Quadruplex, Multi Family
Built in 1910
-- sqft lot
$569,900 Zestimate®
$216/sqft
$-- HOA
What's special
Gutters with leaf guardsNew carpetNew water heaterNew front steps
- 35 days
- 387
- 11
Zillow last checked:
Listing updated:
Listed by:
cia.rets.bettsteam,
RE/MAX REAL ESTATE CENTER
Source: CIBR,MLS#: 71192
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Central Air
Features
- Flooring: Vinyl, Hardwood, Carpet
Interior area
- Total structure area: 2,778
- Total interior livable area: 2,778 sqft
Property
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 0909250090
- Zoning: RL
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Ames
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $384,500
- Annual tax amount: $5,287
- Date on market: 9/4/2026
Estimated market value
$569,900
$541,000 - $598,000
$1,438/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $600,000+78%$216/sqft |
Source:  DMMLS #748604 Report a problem | ||
| 12/15/2021 | Sold | $337,000-10.1%$121/sqft |
Source: DMMLS #639623 Report a problem | ||
| 11/22/2021 | Pending sale | $375,000$135/sqft |
Source: DMMLS #639623 Report a problem | ||
| 11/1/2021 | Price change | $375,000-7.4%$135/sqft |
Source: DMMLS #639623 Report a problem | ||
| 10/13/2021 | Listed for sale | $405,000+154.6%$146/sqft |
Source: DMMLS #639623 Report a problem | ||
| 8/16/2019 | Listing removed | $450-77.4% |
Source: Zillow Rental Manager Report a problem | ||
| 6/20/2019 | Price change | $1,995-16.9%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/10/2019 | Listed for rent | $2,400-22.6%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/21/2017 | Listing removed | $3,100$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/13/2017 | Listed for rent | $3,100$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/28/2015 | Sold | $159,075-9%$57/sqft |
Source:  CIBR #42422 Report a problem | ||
| 8/21/2015 | Pending sale | $174,900$63/sqft |
Source: CENTURY 21 Signature Real Estate #42422 Report a problem | ||
| 8/18/2015 | Listed for sale | $174,900$63/sqft |
Source: CENTURY 21 Signature Real Estate #454081 Report a problem | ||
| 8/7/2015 | Pending sale | $174,900$63/sqft |
Source: CENTURY 21 Signature Real Estate #454081 Report a problem | ||
| 8/7/2015 | Listed for sale | $174,900$63/sqft |
Source: CENTURY 21 Signature Real Estate #454081 Report a problem | ||
| 8/7/2015 | Pending sale | $174,900$63/sqft |
Source: CENTURY 21 Signature Real Estate #454081 Report a problem | ||
| 7/7/2015 | Price change | $174,900-2.8%$63/sqft |
Source: CENTURY 21 Signature Real Estate #454081 Report a problem | ||
| 5/11/2015 | Listed for sale | $179,900+33.3%$65/sqft |
Source: CENTURY 21 Signature Real Estate #454081 Report a problem | ||
| 12/23/2009 | Sold | $135,000-1.5%$49/sqft |
Source: Public Record Report a problem | ||
| 6/9/2005 | Sold | $137,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,306 +2.1% | $384,500 +5.1% |
| 2024 | $5,196 +49.5% | $365,800 |
| 2023 | $3,476 -14% | $365,800 +77.1% |
| 2022 | $4,044 -3.5% | $206,600 |
| 2021 | $4,192 -6.2% | $206,600 +3.8% |
| 2020 | $4,467 +4.4% | $199,100 |
| 2019 | $4,279 +19.9% | $199,100 +10% |
| 2018 | $3,568 0% | $181,000 |
| 2017 | $3,568 -4.4% | $181,000 +32.4% |
| 2016 | $3,732 | $136,700 |
| 2015 | $3,732 -5.6% | $136,700 +6% |
| 2014 | $3,952 | $129,000 |
| 2012 | -- | $129,000 -0.7% |
| 2004 | $3,946 +7.4% | $129,900 |
| 2003 | $3,674 -0.1% | -- |
| 2002 | $3,678 +16.1% | $119,182 +13.7% |
| 2001 | $3,169 | $104,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Campus Area
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