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2607 Knapp Street, Ames, IA 50014

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For Sale

$245,000

4 beds • 2 baths • 1 half baths • 1,874 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $130.74
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Incredible opportunity to secure 2603 & 2607 Knapp Avenue--two adjoining lots totaling 17,400 sq. ft. (one a corner lot) just two blocks south of Iowa State University. With prime visibility, excellent convenience, and a history of consistent rental use, these homes--''grand old ladies'' from another era--have long been attractive to tenants. Properties are being offered as a package deal (preferred) at $490,000, though individual offers will also be considered.2603 is currently configured as a triplex, featuring two one-bedroom units and one two-bedroom unit, with six off-alley parking stalls. 2607 is a four-bedroom, three-bath home with three off-alley parking stalls plus a two-car garage and driveway space. With current LOCs in place, the properties provide rental income opportunities today and may present future redevelopment possibilities in the future!For context, nearby 316 Hayward sits on a 10,905 sq. ft. lot and contains 10 bedrooms. With nearly 7,000 additional square feet, buyers are encouraged to explore the potential this double lot may offer for remodeling and an increase in rents or future conversion.This is a rare investment opportunity in a prime location with long-term potential. Properties are being sold AS-IS. Showings/due diligence period available through September 28th, with all offers due by 10 AM on September 29th.
MLS# 68505

Courtesy Of RE/MAX REAL ESTATE CENTER

2324663

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet, Hardwood, Vinyl
  • Heating System
    Forced Air
  • Lot Size
    0.2 Acres

Map and Directions

Directions to 2607 Knapp Street, Ames, IA 50014

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Copyright © 2025 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.