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Ottumwa, IA Apartment Buildings for Sale

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Agency, IA Bloomfield, IA Blakesburg, IA Floris, IA Hedrick, IA Batavia, IA Douds, IA Albia, IA
7-Unit Apartment Building
Updated: Apr 23
7-Unit Apartment Building

436 N Jefferson Street, Ottumwa, IA 52501

$165,000
7‑unit apartment building
All 7 units currently occupied
Separate electric meters for each unit
Landlord pays water, sewer, and trash
Vinyl siding and baseboard heating
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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 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

Opportunities in Nearby Cities

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

24-Unit Apartment Building
24-Unit Apartment Building

1718 & 1804 Dolores St, Knoxville, IA 50138

$1,550,000
9,751 sqft

The property combines two-bedroom units with private balconies, garages, and additional storage.

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42-Unit Apartment Building with Private Entries
42-Unit Apartment Building with Private Entries

401 & 417 Washington Avenue, Grinnell, IA 50112

$3,250,000
45,200 sqft 3.26 AC lot

Residents have outdoor access, laundry hookups, and a private patio or balcony in each apartment.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

925 Broad Street, Grinnell, IA 50112

$825,000
0.26 AC lot

Street-level commercial suites combine with updated apartments in a renovated brick and stone building.

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Turnkey Restaurant with Rental Apartments
Turnkey Restaurant with Rental Apartments

3906 E Main St, Knoxville, IA 50138

Contact for pricing
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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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.

118 Union St
Multifamily properties

118 Union St, Ottumwa, IA 52501

Estimated value: by Request
2.07 AC lot
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Ottumwa, IA Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Ottumwa, IA on our real estate platform.

Sale prices for apartment complexes in Ottumwa, IA average $165,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 30K
Population Growth (5Y) +2.3%
Median Household Income $59,091
College Educated 28.3%

High-Yield Neighborhoods for Investment

Identify Ottumwa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52501 $165K

Taxes & Financing

Tax Rate (average for all types) 3.02%
Property Tax per SF $37.77 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Wapello County

New Delisted

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