Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    231 E Main St Ottumwa, IA 52501

    Pending
    For Sale
    $375,000

    Apartment - Ottumwa, IA

    Type:Apartment
    Property size:
    5,280 SF
    Lot size:
    0.12 Acres
    Days on Market:
    215
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 231 E Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Pending
    APN
    007411240253000
    Size
    5,280 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1943
    Number of units
    5
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Pride Oskaloosa (641) 676-3456

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

    Listing date May 5, 2025

    MLS# 6327314 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 Apartment Building For Sale

    This apartment building is located in downtown Ottumwa, Iowa. The property has a living area of 5280 square feet and is situated on a 0.12-acre lot. This property presents a great downtown opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottumwa
    County
    Wapello
    State
    Iowa
    Longitude
    -92.410276
    Latitude
    41.01652

    Nearby Similar for Sale

    • $549,900
      9,828 SF

      Historic Mixed-Use Building in Ottumwa

      Historic Ottumwa mixed-use property with event spaces and apartments.
      220 N Court St, Ottumwa, IA 52501
      View Details
    • $75,000
      0.30 Acres

      Historic Ottumwa Mixed-Use Opportunity

      Massive brick building in downtown Ottumwa with redevelopment potential.
      229 E 2Nd St, Ottumwa, IA 52501
      View Details
    • $575,000
      Pending

      107-Acre Farm in Wapello County

      Versatile 107-acre farm with hay production, pasture, and ponds.
      20462 Co Hwy, Ottumwa, IA 52501
      View Details
    • $750,000
      Pending

      Ottumwa Fourplex Near Regional Health

      Low-maintenance fourplex with high-end apartments and great rental opportunity.
      1112 N Van Buren Ave, Ottumwa, IA 52501
      View Details
    • $900,000
      5,760 SF

      Ottumwa Golf Course and Venue

      Established golf course and event venue in Ottumwa, Iowa.
      304 E Golf Ave, Ottumwa, IA 52501
      View Details
    • $190,000
      1,824 SF

      Updated Fourplex in Ottumwa, Iowa

      Renovated four-unit property with modern amenities and strong rental potential.
      524 N Wapello St, Ottumwa, IA 52501
      View Details

    FAQs

    What type of property is this?
    Apartment building - Downtown Ottumwa apartment building with potential for investment.
    Where is this apartment building located?
    The property is located at 231 E Main St Ottumwa, IA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Great downtown opportunity; - Brick construction; - Forced air heating
    (641) 676-3456
    Request Owner's contact information
    231 E Main St Ottumwa, IA 52501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    231 E Main St
    Ottumwa, IA 52501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    231 E Main St Ottumwa, IA 52501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.