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    Wapello County, IA Apartment Buildings for Sale

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    Des Moines, IA Cedar Rapids, IA Sioux City, IA Waterloo, IA Iowa City, IA Dubuque, IA Davenport, IA Cedar Falls, IA
    7-Unit Apartment Building
    Updated: Apr 23
    7-Unit Apartment Building

    436 N Jefferson Street, Ottumwa, IA 52501

    $165,000
    Seven‑unit apartment building with all units occupied
    Separate electric meters for each unit
    Landlord pays water, sewer, and trash
    Built in 1900 with vinyl siding
    Baseboard heating
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    Elderly Section 8 Apartment Portfolio
    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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    See what stands out in Wapello County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 3 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

    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.

    118 Union St
    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.

    Sale prices for two-family homes in Wapello County, 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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