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Two-Unit Duplex with Carport
For Sale
$133,000

1146 N Elm St, Ottumwa, IA 52501

Separate upper and lower units with owner-paid water and tenant-paid gas and electric.

Property Size2,466 SF
Price / SF$53.93
Days on Market8

Property Features for 1146 N Elm St

General Information

Standard status Active
Size 2,466 SF
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,880

Building Details

Buildings 1
Stories 2
Listing Agency: Ottumwa Realty
Listed By: Derek Gates · License #***
Source: Exprealty
Added: Sep 4 Changed: Sep 10 Last Checked: Sep 10 at 2:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ottumwa Realty

Investment Insights

Based on property information with market context.

This 2-story duplex contains 2,466 square feet and is arranged as two separate residences, one above the other. Each unit includes 2 bedrooms, a living room, kitchen, and full bathroom, with spacious rooms throughout. One unit is currently vacant, while the other provides an opportunity for ongoing rental income.

The property includes a sizable yard and a large carport with off-street parking. Tenants pay their own gas and electric expenses, while the owner covers water. The layout may accommodate an owner-occupant seeking rental income from the second unit or an investor adding a duplex to a residential portfolio.

Key Highlights

  • 2‑story duplex with 2,466 square feet
  • Two separate upper and lower units
  • Each unit includes 2 bedrooms, living room, kitchen, and full bath

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Building Supply Bakery Plumbing Service

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

394
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Separate upper and lower units with owner-paid water and tenant-paid gas and electric.
Where is this duplex located?
The property is located at 1146 N Elm St Ottumwa, IA.
What is the asking price?
The asking price for this property is $133,000.
What are key features of this property?
This property features: 2‑story duplex with 2,466 square feet; Two separate upper and lower units; Each unit includes 2 bedrooms, living room, kitchen, and full bath
More about this property
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