12-Unit Apartment
For Sale
Contact for pricing
1406 Albia Rd, Ottumwa, IA 52501
For sale 12-unit apartment building located at 1406 Albia Rd in Ottumwa, Iowa.
Property SizeContact for details
Days on Market121
Property Features for 1406 Albia Rd
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Building Details
Tenancy
Multi
Listing Agency:
KW Commercial Greater Des Moines
(515) 639-0145
Listed By:
Jared Husmann · License #B63372000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 6:08AM
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 KW Commercial Greater Des Moines
Investment Insights
Based on property information with market context.
This offering presents a 12-unit apartment building for sale in Ottumwa, Iowa. The property is positioned as an income-producing multifamily asset with 12 separate apartment units within the building.
The property is located at 1406 Albia Rd, providing a single-site configuration designed for an owner to manage multiple units under one roof. This makes it a straightforward option for buyers seeking a small multifamily portfolio footprint rather than a single-tenant property.
The property is located at 1406 Albia Rd, providing a single-site configuration designed for an owner to manage multiple units under one roof. This makes it a straightforward option for buyers seeking a small multifamily portfolio footprint rather than a single-tenant property.
Key Highlights
- 12‑unit apartment building for sale at 1406 Albia Rd in Ottumwa, IA
- Described as a cash‑flowing investment with management in‑place
- Opportunity noted to raise rents marginally
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale 12-unit apartment building located at 1406 Albia Rd in Ottumwa, Iowa.
Where is this apartment building located?
The property is located at 1406 Albia Rd Ottumwa, IA.
What are key features of this property?
This property features: 12‑unit apartment building for sale at 1406 Albia Rd in Ottumwa, IA; Described as a cash‑flowing investment with management in‑place; Opportunity noted to raise rents marginally
