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!
For sale
$315,000
2001/2003 Melrose Ave, Ames, IA 50010
--beds
0baths
1,584sqft
Est.:
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
- 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#: 66762

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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