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    1112 N Van Buren Ave Ottumwa, IA 52501

    Pending
    For Sale
    $750,000

    Apartment - Ottumwa, IA

    Type:Apartment
    Property size:
    3,740 SF
    Lot size:
    1.55 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 1112 N Van Buren Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Pending
    APN
    007410200013000
    Size
    3,740 SF
    Lot size
    1.55 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2001
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Pride Oskaloosa (641) 676-3456

    Listing agent Jason Carter (641) 676-3456 License #***

    Listing date Nov 10, 2025

    MLS# 6328291 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ottumwa Fourplex Near Regional Health

    This fourplex presents an investment opportunity, offering low maintenance and potential for rental income. The property is located near Ottumwa Regional Health Center, Ottumwa Schools, and other major employers. Each of the four units features 3 bedrooms and 2 bathrooms, with laundry facilities included in each apartment. A common utility room is also present. The building has undergone a complete interior remodel by the Ottumwa Schools building trades program. Projected rents range from $1750 to $2000 per month per unit. The property includes an abundance of parking, and the extra land could allow for more development. The lot size is 1.55 acres, and the property size is 3740 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.394059
    Latitude
    41.025559

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    FAQs

    What type of property is this?
    Quadplex - Low-maintenance fourplex with high-end apartments and great rental opportunity.
    Where is this quadplex located?
    The property is located at 1112 N Van Buren Ave Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - High-end 4-plex with strong rental income potential ($1750-$2000/month per unit).; - Each unit features 3 bedrooms and 2 bathrooms with in-unit laundry.; - Low-maintenance brick construction built in 2001.
    (641) 676-3456
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1112 N Van Buren Ave Ottumwa, IA 52501
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