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Downtown Residential Income Property
For Sale
Contact for pricing
Pending

231 E Main Street, Ottumwa, IA 52501

For sale residential income property in downtown Ottumwa, Iowa.

Property SizeContact for details
Days on Market490

Property Features for 231 E Main Street

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Year Built 1943
Units 5
Listing Agency: RE/MAX Pride Oskalossa
Listed By: John Carter · License #IA B61335000
Source: Crexi
Added: May 6, 2025 Changed: Aug 8 Last Checked: Jul 24 at 5:06PM

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 RE/MAX Pride Oskalossa

Investment Insights

Based on property information with market context.

This residential income property offers an ownership opportunity for buyers seeking multifamily income in downtown Ottumwa, Iowa. The listing is categorized as an “other multifamily” and “residential income property.”

The property is located at 231 E Main Street in Ottumwa, IA 52501. The published remarks describe it as a “great downtown opportunity.”

The available information does not include additional details on unit count, layout, condition, or on-site features, but the offering is presented as a for-sale multifamily/residential income investment.

Key Highlights

  • Residential income property for sale in downtown Ottumwa, Iowa
  • Built in 1943

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center Big Box & Wholesale Store Storage Facility Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

800
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?
Multifamily property - For sale residential income property in downtown Ottumwa, Iowa.
Where is this multifamily property located?
The property is located at 231 E Main Street 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: Residential income property for sale in downtown Ottumwa, Iowa; Built in 1943
More about this property
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