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Ames Student Housing Portfolio 3 Multifamily Properties Offered at $5,907,039 CAD in Ames, IA
Investment Highlights
- A+ Locations with Below Market Rents ($75-150 unit)
- Excellently Maintained & Professionally Managed
- Includes One Commercial Tenant (Hayward)
- 100% Occupancy History – Months Early Preleasing
- Quality Layouts and Desirable Floor Plans
- Includes 1+ Acre of Buildable Ground (Pheasant Run)
Executive Summary
CBRE is pleased to present a 47 unit, 3 property student housing portfolio located in Ames Iowa, home to Iowa State University.
This diversified multifamily portfolio presents a rare opportunity to acquire three well-located income-producing assets in the heart of Ames, Iowa: 626 S 16th Street, 212 Hayward Avenue, and 519 Welch Avenue. Strategically positioned near Iowa State University and major employment, retail, and transit corridors, these properties benefit from consistently strong rental demand driven by a stable student and professional tenant base. Together, the portfolio offers investors immediate cash flow, operational scale, and long-term appreciation potential in one of Iowa’s most resilient and steadily growing rental markets.
This diversified multifamily portfolio presents a rare opportunity to acquire three well-located income-producing assets in the heart of Ames, Iowa: 626 S 16th Street, 212 Hayward Avenue, and 519 Welch Avenue. Strategically positioned near Iowa State University and major employment, retail, and transit corridors, these properties benefit from consistently strong rental demand driven by a stable student and professional tenant base. Together, the portfolio offers investors immediate cash flow, operational scale, and long-term appreciation potential in one of Iowa’s most resilient and steadily growing rental markets.
Property Facts
| Price | $5,907,039 CAD | Number of Properties | 3 |
| Price / SF | $180.85 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.38% | Total Building Size | 32,662 SF |
| Sale Type | Investment | Total Land Area | 3.18 AC |
| Status | Active |
| Price | $5,907,039 CAD |
| Price / SF | $180.85 CAD / SF |
| Cap Rate | 6.38% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 32,662 SF |
| Total Land Area | 3.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Pheasant Run
626 S 16th St, Ames, IA 50010 |
Multifamily | 20,000 SF | 1980 | - |
| 212 Hayward Ave, Ames, IA 50014 | Multifamily | 6,902 SF | 1998 | - |
| 519 Welch Ave, Ames, IA 50014 | Multifamily | 5,760 SF | 1972 | - |
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Ames Student Housing Portfolio
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