Excellent investment opportunity! This duplex brings in $2200 per month in rent and features many updates such as a 4 space parking lot and driveway, a new deck, and a new stair way leading to the upper level unit. The upstairs unit features 1 bedroom and 1 bathroom with a large living space and kitchen. The main floor unit has 3 bedrooms, one bathroom, a large kitchen and open living space. In addition to the main floor space, the lower unit has an unfinished basement with generous storage room. Don't miss out on this excellent investment opportunity, schedule your showing today!
Sold for $222,500
$222,500
520 E Lincoln Way, Ames, IA 50010
4beds
--baths
1,840sqft
Multi Family
Built in 1933
-- sqft lot
$229,600 Zestimate®
$121/sqft
$1,191 Estimated rent
Home value
$229,600
$209,000 - $250,000
$1,191/mo
Zestimate® history
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$1,191/mo
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$1,191/mo
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$1,503/mo
Est. payment
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$1,503/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Herbers, Nathan (515)232-6175,
Friedrich Realty,
Tony McFarland,
Friedrich Iowa Realty
Bought with:
JIM MANDERFIELD, CRS, GRI
Iowa Realty Mills Crossing
Source: DMMLS,MLS#: 681716
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Features
- Flooring: Hardwood, Laminate, Vinyl
- Basement: Unfinished
Interior area
- Total structure area: 1,840
- Total interior livable area: 1,840 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,851 Square Feet
Details
- Parcel number: 0911225080
- Zoning: HOC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Metal Siding
- Foundation: Poured
Condition
- Year built: 1933
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ames
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $223,000
- Annual tax amount: $2,069
- Date on market: 9/8/2023
- Cumulative days on market: 26 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/19/2024 | Listed for rent | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/30/2023 | Sold | $222,500-11%$121/sqft |
Source:  DMMLS #681716 Report a problem | ||
| 10/9/2023 | Pending sale | $250,000$136/sqft |
Source: DMMLS #681716 Report a problem | ||
| 9/8/2023 | Listed for sale | $250,000+37.4%$136/sqft |
Source: DMMLS #681716 Report a problem | ||
| 6/16/2022 | Sold | $181,900+7%$99/sqft |
Source:  CIBR #59935 Report a problem | ||
| 5/10/2022 | Pending sale | $170,000$92/sqft |
Source: CIBR #59935 Report a problem | ||
| 4/27/2022 | Listed for sale | $170,000+240%$92/sqft |
Source: CIBR #59935 Report a problem | ||
| 7/10/2014 | Sold | $50,000+13.6%$27/sqft |
Source: Public Record Report a problem | ||
| 3/11/2005 | Sold | $44,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,590 +110.2% | $223,000 +24.9% |
| 2024 | $1,232 -40.5% | $178,500 +105.9% |
| 2023 | $2,070 +1.3% | $86,700 -29.5% |
| 2022 | $2,044 -3.7% | $123,000 |
| 2021 | $2,122 +1.5% | $123,000 +2% |
| 2020 | $2,091 -3.3% | $120,600 |
| 2019 | $2,164 +60.4% | $120,600 |
| 2018 | $1,349 -0.1% | $120,600 |
| 2017 | $1,350 +2.4% | $120,600 +61% |
| 2016 | $1,318 | $74,900 |
| 2015 | $1,318 +9.8% | $74,900 +5% |
| 2014 | $1,200 | $71,300 +4.2% |
| 2013 | -- | $68,400 |
| 2012 | -- | $68,400 -22.4% |
| 2004 | $1,308 +11.6% | $88,200 |
| 2003 | $1,172 -2.8% | -- |
| 2002 | $1,205 -4.5% | $39,060 -6.4% |
| 2001 | $1,262 | $41,749 |
Find assessor info on the county website
Neighborhood: 50010
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Nearby schools
GreatSchools rating
- 7/10Kate Mitchell Elementary SchoolGrades: K-5Distance: 2.2 mi
- 6/10Ames Middle SchoolGrades: 6-8Distance: 3.5 mi
- 7/10Ames High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: Ames
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Story County
- Ames
- 50010
- 520 E Lincoln Way
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