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3202 Lincoln Way, Ames, IA 50014

Ames
Local realty services provided by:CENTURY 21 Signature Real Estate
3202 Lincoln Way,Ames, IA 50014
$360,000
  • 5 Beds
  • 2 Baths
  • 1,663 sq. ft.
  • Single family
  • Active
Listed by:
Office: century 21 signature-ames
MLS#:70041
Source:IA_CIBR

Price summary

  • Price:$360,000
  • Price per sq. ft.:$216.48

About this home

Excellent opportunity to own an income-producing rental property just a few blocks west of Iowa State University. This classic Dutch Colonial style 2-story home offers 5 bedrooms, 2 bathrooms, a 2-car detached garage, and strong rental history with current gross income of $2,500 per month. The property is leased through July 31, 2026, providing immediate cash flow for the next owner. It also carries a current Letter of Compliance with the City of Ames valid through April 10, 2029 for added peace of mind. Major exterior improvements include new roof, siding, and gutters completed in 2023, along with several newer vinyl windows and a new water heater installed in 2022. Inside, the home retains timeless character with oak hardwood floors throughout much of the property and spacious room sizes rarely found in student rentals. The flexible floor plan includes three bedrooms on the upper level, one bedroom on the main floor, and one bedroom in the lower level, making it ideal for...

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Home facts

  • Year built:1918
  • Listing ID #:70041
  • Added:1 day(s) ago
  • Updated:April 30, 2026 at 08:42 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Rooms Total:14
  • Flooring:Carpet, Hardwood, Vinyl
  • Living area:1,663 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1918
  • Building area:1,663 sq. ft.
  • Lot area:0.27 Acres
  • Exterior Features:Porch
  • Foundation Description:Poured

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$360,000
  • Price per sq. ft.:$216.48

Parking

  • Garage spaces:2
Based on information submitted to the MLS GRID as of April 30, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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