Ottumwa, IA Apartment buildings for sale

Updated: Mar 27

Six-Unit One-Bedroom Building

214 N Washington Street, Ottumwa, IA 52501

$197,500

Built in 1925 residential income property with six furnished 1‑bedroom apartments
Each unit includes its own full bathroom
Furnished apartments with complete, ready‑to‑use kitchens
Bedrooms are described as larger than most similar rental properties
One apartment could potentially be converted to a 2‑bedroom unit

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Updated: Apr 11

12-Unit Apartment Building

1406 Albia Rd, Ottumwa, IA 52501

Contact for pricing

12‑unit apartment building for sale at 1406 Albia Rd in Ottumwa, IA
Described as a cash‑flowing investment with management in‑place
Opportunity noted to raise rents marginally

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Elderly Section 8 Apartment Portfolio

118 S Union St, Ottumwa, IA 52501

Contact for pricing

Two elderly-designated apartment communities with 100% Project-Based Section 8 coverage under renewed contracts.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Ottumwa, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Courtyard Apartments Multifamily

1453 North 11th Avenue East, Newton, IA 50208

$2,595,000

31,069 sqft 3.39 AC lot

Value-add 44-unit multifamily community with 2- and 3-bedroom units across townhome and apartment-style buildings.

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Turnkey Restaurant with Rental Apartments

3906 E Main St, Knoxville, IA 50138

$795,000

4,224 sqft

Turnkey restaurant plus owner living quarters above and six occupied rental apartments, offered with an included furnished condo.

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Newton Iowa Apartment Portfolio

115 South 5th Avenue West, Newton, IA 50208

$670,000

8,424 sqft 0.51 AC lot

12-unit apartment building with recent roof improvements in Newton, Iowa.

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24-Unit Multifamily Investment Opportunity

1718 & 1804 Dolores Street, Knoxville, IA 50138

$1,550,000

9,751 sqft 0.68 AC lot

High-performing, fully occupied 24-unit complex in Knoxville, Iowa.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000

0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Ottumwa, IA

Consider similar Off-Market properties in Ottumwa, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

118 Union St, Ottumwa, IA 52501

Value Estimation by Request

2.07 AC lot

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Ottumwa, IA Apartment Buildings Market Trends and Statistics

Explore 4 apartment buildings for sale in Ottumwa, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $197,500.

Sale prices for two-family homes in Ottumwa, IA start at $0.00, averaging $65,833, and reaching up to $197,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.