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For sale
  • $315,000

    2001/2003 Melrose Ave, Ames, IA 50010

    --beds
    0baths
    1,584sqft
    : 
    Duplex, Multi Family
    Built in 1958
    -- sqft lot
    $304,300 Zestimate®
    $199/sqft
    $-- HOA

    What's special

    Refinished hardwood floorsRemodeled bathroomsFresh interior paintNew carpetStainless steel appliances
    Prime Investment Opportunity - Updated Side-by-Side Duplex! Attention investors, parent investors, and house hackers! This rare, well-maintained side-by-side duplex is perfectly situated in a predominantly residential neighborhood and is move-in ready. A fantastic opportunity, this property offers a 3-bed, 2-bath unit on one side and a 2-bed, 1-bath unit on the other—both extensively updated to maximize appeal and rental potential. Recent upgrades include remodeled bathrooms, luxury vinyl plank (LVP) flooring, new carpet, refinished hardwood floors, fresh interior paint, stainless steel appliances, and more! Key system updates include a new roof (2018) and AC units (2017 & 2020). A full list of renovations is available upon request. This clean, turn-key duplex is ready for tenants of your choosing, with all necessary updates for a Letter of Compliance (LOC) to be completed before closing. Conveniently located just blocks from Fellows Elementary and Ames High School, with a CyRide stop right outside the front door, this property offers both accessibility and desirability. Don't miss out—schedule your showing today!
    44 days
    on Zillow
    |
    715
    |
    27
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 10, 2025 at 02:58pm

    Listed by:

    Flanders Team 515-450-9890,

    RE/MAX REAL ESTATE CENTER

    Source: CIBR,MLS#: 66762MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2001/2003 Melrose Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Features
    • Flooring: Vinyl, Hardwood, Concrete, Carpet
    • Basement: Full
    Interior area
    • Total structure area: 1,584
    • Total interior livable area: 1,584 sqft

    Property

    Features
    • Levels: One
    Lot
    • Size: 9,147.6 Square Feet
    • Dimensions: 70 x 130
    Details
    • Parcel number: 0534275120
    • Zoning: RL

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Steel, Aluminum
    Condition
    • Year built: 1958

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    • HOA name: Refrigerator, Microwave, Dishwasher, Range, W/D
    Location
    • Region: Ames

    Financial & listing details

    • Price per square foot: $199/sqft
    • Tax assessed value: $225,600
    • Annual tax amount: $3,796
    • Date on market: 3/13/2025
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