3542/3544 Tripp Street, Ames, IA 50014
Story County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Ranch
Year Built
1957
Living Area
1,440 sq ft
Lot Size
0.16 acres
Lot Dimensions
70x99.99
Zoning
RL
MLS® Listing#
70571
Property Features
Cooling
Heating
Flooring
Basement
Construction
Foundation
Sewer
Water Source
Financial Details
HOA
Yes
refrigerators, ranges, microwaves, washer, dryer
Annual Taxes
$2,992
Assessed Value
$238,200
Affordability Calculator
$49,500
Estimated monthly payment
$1,317/mo
Principal $198,000 · Est. interest $276,228 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ames, IA
- $397,938
- Median Listing Price
- 42
- Median Days on Market
- 1,783
- Median Sq Ft
- $217
- Median Price / Sq Ft
- 214
- Active Listings
- This home’s price is 38% below the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ames, IA.
Location
Points of Interest in Ames, IA
Showing the Ames area map.
Nearby Schools
Ames Middle School
Secondary · 0.5 mi away
Gymnasium Waidhofen an der Thaya
School · 0.7 mi away
Iowa State University - College of Engineering
Secondary School · 0.9 mi away
Edwards Elementary School
Elementary · 1.0 mi away
Church of Jesus Christ of Latter Day Saints
School · 1.0 mi away
Sawyer Elementary School
Elementary · 1.1 mi away
Iowa State University International Students & Scholars Office
School · 1.1 mi away
Linden Hall Isu
School · 1.4 mi away
Hixson Opportunity Awards
School · 1.4 mi away
Ames High School
Secondary · 2.1 mi away
Ames Community School District
Elementary · 2.1 mi away
Ames Christian School
School · 2.3 mi away
Ames Community School District
Elementary · 2.4 mi away
Fellows Elementary School
Elementary · 2.6 mi away
Heartland Area Education Agency 11
School · 2.7 mi away
Ames Community School
School · 2.8 mi away
St Cecilia School
School · 2.9 mi away
Meeker Elementary School
Elementary · 3.0 mi away
Northwood Preschool Center
School · 3.2 mi away
Prairie Flower Children's Center
School · 3.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 721 Meadow Place, Ames, IA | $174,500 | 3 | 3 | 780 |
| 1207 Kellogg Avenue, Ames, IA | $198,000 | 2 | 1 | 999 |
| 1415 Baltimore Drive, Ames, IA | $200,000 | — | — | — |
| 1207 Kellogg Avenue, Ames, IA | $204,000 | 2 | 1 | 999 |
| 2435 Aspen Road 204, Ames, IA | $205,000 | 2 | 2 | 1,133 |
| 1505 Little Bluestem Court #117, Ames, IA | $209,000 | 3 | 2 | 941 |
Moving Cost Estimate
EXIT Agents in Ames
Listing Courtesy: CENTURY 21 SIGNATURE-Ames - 5152332623