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    Ottumwa, IA
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    Ottumwa, IA Residential Income Properties for Sale

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    Agency, IA Bloomfield, IA Floris, IA Batavia, IA Fremont, IA Douds, IA Albia, IA Fairfield, IA
    7 properties
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    Move-in Ready Ottumwa 3-Plex
    Updated: Feb 10
    Move-in Ready Ottumwa 3-Plex

    147 N Ward Street, Ottumwa, IA 52501

    $130,000
    1,482 sqft 0.10 AC lot
    Move‑in‑ready 3‑plex with 1 bed, 1 bath units, each with a living room and kitchen
    Units remodeled with new electric and plumbing in the building
    Separate electric meters for each unit so tenants pay their own electric bill
    Heating: forced air; Water source: public
    Construction materials include vinyl siding and wood siding
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    This listing looks promising.

    Here's a quick look at some key insights for

    147 N Ward Street, Ottumwa, IA 52501

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $8K
      Annual

    • Price @ 7% Cap

      $121K
      Suggested

    • Property Type

      Triplex
      Built 1920
    View Property Analytics
    Ottumwa Duplex: Investment Opportunity
    Updated: May 4
    Ottumwa Duplex: Investment Opportunity

    134 S Cooper Avenue, Ottumwa, IA 52501

    $59,999
    2,087 sqft 0.15 AC lot
    Strong rental income potential from a well‑maintained duplex.
    Upper‑level unit updated with new electrical and newer furnace.
    Newer vinyl siding for low‑maintenance exterior.
    Each unit has 2 bedrooms and 1 full bath.
    Includes a one‑car garage.
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    Ottumwa Duplex: Investment Opportunity
    Ottumwa Duplex: Investment Opportunity

    2310 E Main Street, Ottumwa, IA 52501

    $75,000
    1,967 sqft 0.17 AC lot

    Up/down duplex in prime rental area with strong cash flow.

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    Historic Event Venue with Apartments
    Historic Event Venue with Apartments

    220 N Court Street, Ottumwa, IA 52501

    $249,000

    Historic building offers renovated event spaces with breakout rooms, kitchen, and ADA-compliant restrooms plus residential units upstairs.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    818 E Finley Avenue, Ottumwa, IA 52501

    $59,000
    1,120 sqft

    Two separate entrances support a flexible live-in or rental setup with shared backyard space.

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    Downtown Residential Income Property
    Downtown Residential Income Property

    231 E Main Street, Ottumwa, IA 52501

    Contact for pricing

    For sale residential income property in downtown Ottumwa, Iowa.

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    Elderly Section 8 Apartment Portfolio
    Elderly Section 8 Apartment Portfolio

    118 S Union St, Ottumwa, IA 52501

    Contact for pricing

    Two elderly-designated apartment communities with 100% Project-Based Section 8 coverage under renewed contracts.

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    Based on your search, we've compiled 38 Potential Opportunities for your consideration. Besides 7 Active listings in Ottumwa, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 23 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Duplex with Granite Kitchen
    Turnkey Duplex with Granite Kitchen

    305 S 12th Street Unit A, Fairfield, IA 52556

    $184,500
    1,860 sqft 0.09 AC lot

    Built in 2003, this duplex offers four bedrooms, two baths, hardwood floors, and a kitchen with granite counters and appliances.

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    Three-Unit Two-Story Income Property
    Three-Unit Two-Story Income Property

    402 W Hempstead Avenue, Fairfield, IA 52556

    $169,000
    2,256 sqft 0.11 AC lot

    Three-unit two-story residential income property with covered porch, hardwood floors, and separately metered utilities.

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    Mixed-Use Building with Laundromat
    Mixed-Use Building with Laundromat

    111-112 E Franklin St, Bloomfield, IA 52537

    $322,500

    Building includes four apartments, a leased storefront space, and an on-site laundromat with commercial washers and dryers.

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    Mixed-Use Multiunit Building
    Mixed-Use Multiunit Building

    113 E Jefferson, Bloomfield, IA 52537

    Contact for pricing

    Fully occupied apartment units sit above an available commercial space in this mixed-use building.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Country View Estates
    Residential Land in Country View Estates

    Benton Avenue E Lot 23, Albia, IA 52531

    $31,000
    0.41 AC lot

    Residential lots with utilities near Albia Golf Course.

    View details
    Residential Land in Country View Estates
    Residential Land in Country View Estates

    Benton Avenue E Lot 17, Albia, IA 52531

    $37,000
    0.42 AC lot

    Residential lots with utilities near Albia Golf Course.

    View details
    Residential Land in Country View Estates
    Residential Land in Country View Estates

    Benton Avenue Lot 13, Albia, IA 52531

    $36,000
    0.48 AC lot

    Residential lots with utilities near Albia Golf Course.

    View details
    Residential Lots in Country View
    Residential Lots in Country View

    Benton Avenue E Lot 21, Albia, IA 52531

    $33,000
    0.30 AC lot

    Residential lots available in new Albia development with utilities.

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    Off-Market Properties in Ottumwa, IA

    Consider similar Off-Market properties in Ottumwa, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1405 Albia Rd
    MOBILE HOME PARK, TRAILER PARK

    1405 Albia Rd, Ottumwa, IA 52501-3904

    Value Estimation by Request
    5.68 AC lot
    View details
    16440 Hwy 34us
    MOBILE HOME PARK, TRAILER PARK

    16440 Hwy 34us, Ottumwa, IA 52501-8895

    Value Estimation by Request
    18.72 AC lot
    View details
    Alta Vis
    MOBILE HOME PARK, TRAILER PARK

    Alta Vis, Ottumwa, IA 52501

    $4,350,000
    Estimated value
    2.00 AC lot
    View details
    700 Alta Vis Ave
    MOBILE HOME PARK, TRAILER PARK

    700 Alta Vis Ave, Ottumwa, IA 52501-1958

    $4,350,000
    Estimated value
    1,200 sqft 7.78 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,350,000
    Estimated value
    18.31 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,175,000
    Estimated value
    0.62 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,350,000
    Estimated value
    0.96 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,350,000
    Estimated value
    14.90 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,190,000
    Estimated value
    0.56 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,185,000
    Estimated value
    0.36 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    $4,350,000
    Estimated value
    7.50 AC lot
    View details
    1846 2nd St
    MOBILE HOME PARK, TRAILER PARK

    1846 2nd St, Ottumwa, IA 52501-1549

    Value Estimation by Request
    1.92 AC lot
    View details
    118 Union St
    Multifamily properties

    118 Union St, Ottumwa, IA 52501

    Value Estimation by Request
    2.07 AC lot
    View details
    334 Skyline Dr
    MOBILE HOME PARK, TRAILER PARK

    334 Skyline Dr, Ottumwa, IA 52501-3740

    Value Estimation by Request
    1.45 AC lot
    View details
    1316 Mary St
    MOBILE HOME PARK, TRAILER PARK

    1316 Mary St, Ottumwa, IA 52501-5250

    Value Estimation by Request
    6.21 AC lot
    View details
    391 Blackhawk Rd
    MOBILE HOME PARK, TRAILER PARK

    391 Blackhawk Rd, Ottumwa, IA 52501

    Value Estimation by Request
    0.45 AC lot
    View details
    Ottumwa, IA 52501
    MOBILE HOME PARK, TRAILER PARK

    Ottumwa, IA 52501

    Value Estimation by Request
    0.22 AC lot
    View details

    Ottumwa, IA Residential Income Properties Market Trends and Statistics

    Explore 30 residential income properties for sale in Ottumwa, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 6,656 square feet of properties for sale, with an estimated market value of $572,999.

    Sale prices for residential income properties in Ottumwa, IA start at $59,000, averaging $114,599, and reaching up to $249,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 7
    Duplexes 3
    Apartment buildings 1
    Short term rental properties 1
    Triplexes 1

    Demographics Overview

    Population 30K
    Population Growth (5Y) +2.3%
    Median Household Income $59,091
    College Educated 28.3%

    High-Yield Neighborhoods for Investment

    Identify Ottumwa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    52501 $81K

    Taxes & Financing

    Tax Rate (average for all types) 3.02%
    Property Tax per SF $37.77 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wapello County

    New Delisted

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