Multi-Family Properties for Sale in Ames, Iowa - Apartment Buildings for Sale | Friedrich Realty

Properties

215 Cedar Street, Story City, IA 50248

$185,000.00

estimated mortgage

Request Information

Excellent investment opportunity! This 3-level tri-plex offers immediate income with long-term tenants already in place and a proven rental history. The property features three separate units: a 2-bedroom, 1.5-bathroom basement apartment, a 2-bedroom, 1-bathroom main level unit, and a 1-bedroom, 1-bathroom upper-level apartment. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers reliable cash flow and strong rental potential. Don't miss your chance to own a turnkey investment with established occupancy.

Listing courtesy of

Norsemen Realty Team - Friedrich Realty

MLS #:

70720

Year Built:

1910

Lot Size:

11380

Heat Type:

Forced Air

Cool Type:

Central Air

Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

© 2026 Friedrich Realty. All rights reserved. Equal Housing Opportunity.