2603 Knapp ST new Save Request In-Person Tour Request Virtual Tour
Ames,IA 50014
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,694 sqft
Price per Sqft $144
MLS Listing ID 68504
Year Built 1920
Annual Tax Amount $4,092
Lot Size 8,712 Sqft
Property Sub-Type Triplex
Property Description
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.
Location
State IA
County Story
Zoning RH
Interior
Heating Natural Gas
Cooling Central Air
Flooring Vinyl,Hardwood,Carpet
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
School District Ames