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Ottumwa Duplex: Investment Opportunity
For Sale
$75,000

2310 E Main Street, Ottumwa, IA 52501

MULTI_FAMILY - Ottumwa, IA

Property Size1,967 SF
Lot Size0.17 Acres
Price / SF$38.13
Days on Market109

Property Features for 2310 E Main Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Basement Partial
Directions Head East on East main until you get to the 2300 block then slow down and look to your right till you see 2310 E Main
Standard status Active
APN 007411400010000
Size 1,967 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description STILES PARK ADD LOT 9 (2310 E. MAIN)
Tax Annual Amount 1290
Legal Description STILES PARK ADD LOT 9 (2310 E. MAIN)

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Building materials Wood Siding, Vinyl Siding
Listing Agency: Ottumwa Realty
Listed By: Derek Gates · License #***
Added: Apr 17 Changed: Jul 18 Last Checked: Aug 3 at 4:06PM
MLS# 6337350

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This up/down duplex in Ottumwa, Iowa, presents a cash-flow opportunity for investors. The property features two 2-bedroom, 1-bath units. Tenants are responsible for all utilities, which helps to keep expenses low. The current rents are below fair market value, offering the potential for increased income and improved ROI. The property is located close to JBS, a prime rental area with consistent demand. This multifamily property offers a desirable location, layout, and potential for investors looking to add to their portfolio or get started in multifamily investing. The lot size is 0.17 acres and the property size is 1967 square feet.

Key Highlights

  • Cash‑flow opportunity with upside potential due to below‑market rents.
  • Up/down duplex configuration.
  • Two 2‑bedroom, 1‑bath units.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Restaurant Electrical Service Auto Parts Store HVAC Service Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

68
Businesses Nearby

Demographics for 52501, IA

30,313
Population
13,654
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
87%
High-School Grad
225.3 sq mi
ZIP Area
135
Density / Sq Mi
$59,091
Median Household Income
$40,173
Median Earnings
$955
Median Rent
$109,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Up/down duplex in prime rental area with strong cash flow.
Where is this duplex located?
The property is located at 2310 E Main Street Ottumwa, IA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Cash‑flow opportunity with upside potential due to below‑market rents.; Up/down duplex configuration.; Two 2‑bedroom, 1‑bath units.
More about this property
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