317 20th Street 319, Ames, IA 50010

• 3 beds |
• 2 baths |
• 1,740 sqft

Property Description

Ames investment opportunity with strong rental history and leases already secured through July 2027. This historic brick duplex offers immediate cash flow with future rental increases already in place, making it an attractive addition to an investment portfolio. The property consists of two units, including a main level 2 bedroom, 1 bathroom unit currently rented for $850/month and renewing at $900/month next lease term, along with an upper-level 1 bedroom, 1 bathroom unit currently rented for $600/month. Both units feature hardwood flooring, appliances included, and functional layouts full of original character and charm. Additional features include a full basement with laundry hookups, newer driveway aiding in plenty of off-street parking, private yard space, and a unique brick exterior that gives the property standout character. Current gross rental income totals $1,450/month with upside potential already built in. Whether you are looking to expand your portfolio or add a stable income-producing property with long-term value, this duplex is worth a look. Property sold AS IS.

Listing Status:

Active

Date Added:

June 5, 2026

Data Last Updated:

July 27, 2026 at 12:20PM

Listing Office:

RE/MAX Real Estate Center : (515) 232-4663

Listing Agent:

Jennings-Brant, Abigail : (515) 232-4663

MLS ID:

742047

Interior

• Appliances: RefrigeratorStove
• Basement: Unfinished
• Flooring: Tile
• A/C: Central Air
• Heating: Forced AirGasNatural Gas

Exterior

• Style: One and One Half Story

Construction

• Roofing: AsphaltShingle
• General: BrickVinyl SidingOne and One HalfBrick/Mortar

Location

• Road/Access: AsphaltConcrete
• Originating MLS: DMAAR_DM
• School District: Ames
• County: Story

Lot

• Zoning: RLGUNDER FJARE 2ND SD LOT:2 AMES0535178090

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: DMAAR_DM