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3531/3533 Tripp St, Ames, IA, 50014

--beds
0baths
1,440sqft
$247,500
$172price/sqft
$1,765/moest. monthly cost
$70,600/yrincome needed

About This Home

Great income producing duplex backing to Franklin Park and located just south of West HyVee and within walking distance of Iowa State University Campus. Large lot with space for future garages to be built. Efficient, well cared since 2016 by owner-managed landlord who has made many upgrades over the years including new trim, doors, flooring, mechanicals, etc. Full unfinished basements are great for tenant storage needs and could be finished for added bedroom and living spaces to increase rent income. Current Letter of Compliance with the City of Ames and leases secured or renewed for the upcoming 8/1/26-7/31/27 lease cycle. This building is being sold as a portfolio sale including 4 total duplexes (3517/3519 Tripp St, 3523/3525 Tripp St, 3531/3533 Tripp St, and 3542/3544 Tripp St) and will not be split or sold separately.

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

6/10
6/10
Ames Middle SchoolGrades 6-80.5 mi
7/10
Ames High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Features

  • Flooring: Vinyl,Carpet

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,440
  • Total interior livable area: 1,440 sqft

Property

Details

  • Zoning: RL

Lot

  • Lot size: 0.27 Acres
  • Lot size dimensions: 90 x 132