Wapello County, 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: Feb 12, 2025

Elderly Section 8 Apartment Portfolio

118 S Union St, Ottumwa, IA 52501

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Two elderly‑designated apartment communities in southeastern Iowa sold together, totaling 90 units (46 + 44).
100% of units are covered by Project‑Based Section 8 with renewed subsidy contracts under Option 3b.
River Terrace Apartments (Keokuk): 46 units, built in 1981; Section 8 contract renewed July 1, 2023, extended to May 31, 2033.
Hillside Apartments (Ottumwa): 44 units, built in 1982; Section 8 contract renewed September 1, 2020, extended to August 31, 2040.
River Terrace site: 2.07 acres; Hillside site: 2.55 acres.

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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 7 Potential Opportunities for your consideration. Besides 2 Active listings in Wapello County, IA, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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 Wapello County, IA

Consider similar Off-Market properties in Wapello County, 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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Wapello County, IA Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Wapello County, IA 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 Wapello County, IA start at $0.00, averaging $98,750, 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.