Huge investment opportunity with this home that is set along the Lincoln Way corridor just minutes to Iowa State University, Campustown, and Downtown Ames, this early-1900s home delivers space, location, and immediate income.
A flexible 6-bed, 2-bath layout spans two levels and is currently fully leased to reliable, on-time tenants collect rent on day one. Everyday conveniences are close by groceries, cafés, CyRide stops, and major routes with quick access to US-30/I-35 for an easy drive to Iowa State Fair events in Des Moines. Classic 1915 character, a high-visibility address, and proven rental demand make this a strong long-term hold. All information obtained from seller and public records.
For sale
$169,900
1101 Lincoln Way, Ames, IA 50010
3beds
1,103sqft
Est.:
Single Family Residence
Built in 1915
7,318.08 Square Feet Lot
$-- Zestimate®
$154/sqft
$-- HOA
What's special
- 6 days
- on Zillow |
- 720 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: August 26, 2025 at 09:37am
Listed by:
Habib, Omar 515-707-0090,
RE/MAX Precision
Source: DMMLS,MLS#: 724803
Originating MLS: Des Moines Area Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Heating
- Forced Air, Gas
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
Interior area
- Total structure area: 1,103
- Total interior livable area: 1,103 sqft
- Finished area below ground: 780
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,318.08 Square Feet
Details
- Parcel number: 0903458100
- Zoning: Res
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt,Shingle
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ames
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $130,500
- Annual tax amount: $1,853
- Date on market: 8/22/2025
- Cumulative days on market: 7 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete
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