Residential Income

Ottumwa, IA Residential Income Properties for Sale

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Agency, IA Bloomfield, IA Blakesburg, IA Floris, IA Hedrick, IA Batavia, IA Ollie, IA Douds, IA
Found 9 residential income property listings for sale in Ottumwa, IA, averaging $67/sq ft. Use valuation data to compare deals faster.
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Updated 4-Unit Quadplex
Updated: Nov 6
Updated 4-Unit Quadplex

524 N Wapello Street, Ottumwa, IA 52501

$160,000
1,824 sqft 0.16 AC lot
Four‑unit property with 1,824 square feet of building area
0.16‑acre lot
Each unit includes a washer and dryer
Separate utility meters
Brick construction; built in 1890
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Two-Story Duplex
Updated: Sep 2
Two-Story Duplex

1146 N Elm Street, Ottumwa, IA 52501

$133,000
2,466 sqft 1.49 AC lot
Two apartments, each with two bedrooms and a full bath
2,466‑square‑foot building on a 1.49‑acre parcel
Upper apartment is vacant
Large carport and yard
Built in 1910 with vinyl siding and forced‑air heat
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Updated Duplex with Garage
Updated Duplex with Garage

134 S Cooper Avenue, Ottumwa, IA 52501

$50,000
2,087 sqft 0.15 AC lot

Two two-bedroom units provide one full bath each, with shared outdoor space and public water service.

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See hot listings in Ottumwa

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Restored Mixed-Use Building
Restored Mixed-Use Building

325 E Main St, Ottumwa, IA 52501

$545,000
3,500 sqft

Downtown property combines an open commercial main level with three remodeled upstairs apartments.

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3-Unit Mixed-Use Property
3-Unit Mixed-Use Property

402 Richmond Street, Ottumwa, IA 52501

$149,000
2,200 sqft

Three-unit building combines residential apartments with office and kitchenette space in a flexible commercial layout.

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7-Unit Apartment Building
7-Unit Apartment Building

436 N Jefferson Street, Ottumwa, IA 52501

$165,000

Occupied apartment property with separately metered electric service and landlord-paid water, sewer, and trash.

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Two-Unit Duplex with Carport
Two-Unit Duplex with Carport

1146 N Elm St, Ottumwa, IA 52501

$133,000
2,466 sqft

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

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Three-Unit Mixed-Use Building
Three-Unit Mixed-Use Building

402 Richmond Ave, Ottumwa, IA 52501

$149,000
2,200 sqft

Mixed-use configuration includes apartments, office areas, and a kitchenette within one commercial property.

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2-Unit Duplex with Garage
2-Unit Duplex with Garage

134 S Cooper Avenue, Ottumwa, IA 52501

$50,000
2,087 sqft

Both residences have two bedrooms and one full bathroom, with shared water service and a common backyard.

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9 active listings match your search: Residential Income for sale in Ottumwa, IA. Based on your search, we've also compiled 31 Potential Opportunities for your consideration: 4 properties in nearby cities, 23 off-market properties to explore as potential leads, and 4 land listings with development potential.

Opportunities in Nearby Cities

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

Updated Two-Unit Duplex
Updated Two-Unit Duplex

420-422 S 12th Street, Albia, IA 52531

$169,000
1,488 sqft

Each residence has private laundry, a rear deck, and a share of the outdoor storage shed.

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4-Unit Quadplex with Courtyard
4-Unit Quadplex with Courtyard

18 S 5Th Street, Albia, IA 52531

$235,000
5,208 sqft

Individual laundry appliances and shared outdoor amenities serve residents across the four-unit property.

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12-Unit Apartment Building with Solar
12-Unit Apartment Building with Solar

206 Weaver Road, Bloomfield, IA 52537

$600,000
7,478 sqft 1.25 AC lot

Updated kitchens with appliances and shared coin-operated laundry serve the property's studio through three-bedroom units.

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Renovated 12-Unit Apartment Building
Renovated 12-Unit Apartment Building

206 Weaver Road, Bloomfield, IA 52537

$600,000
1.26 AC lot

Updated apartments include appliances and onsite coin-operated laundry.

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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.

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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.

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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.

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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

Estimated value:
$475,000
5.68 AC lot
View details
16440 Hwy 34us
MOBILE HOME PARK, TRAILER PARK

16440 Hwy 34us, Ottumwa, IA 52501-8895

Estimated value:
$70,000
18.72 AC lot
View details
Alta Vis
MOBILE HOME PARK, TRAILER PARK

Alta Vis, Ottumwa, IA 52501

Estimated value:
$4,070,000
2.00 AC lot
View details
700 Alta Vis Ave
MOBILE HOME PARK, TRAILER PARK

700 Alta Vis Ave, Ottumwa, IA 52501-1958

Estimated value:
$4,070,000
1,200 sqft 7.78 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
18.31 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
0.62 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
0.96 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
14.90 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
0.56 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
0.36 AC lot
View details
Ottumwa, IA 52501
MOBILE HOME PARK, TRAILER PARK

Ottumwa, IA 52501

Estimated value:
$4,070,000
7.50 AC lot
View details
1846 2nd St
MOBILE HOME PARK, TRAILER PARK

1846 2nd St, Ottumwa, IA 52501-1549

Estimated value:
$190,000
1.92 AC lot
View details
118 Union St
Multifamily properties

118 Union St, Ottumwa, IA 52501

Estimated value: by Request
2.07 AC lot
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334 Skyline Dr
MOBILE HOME PARK, TRAILER PARK

334 Skyline Dr, Ottumwa, IA 52501-3740

Estimated value:
$215,000
1.45 AC lot
View details
1316 Mary St
MOBILE HOME PARK, TRAILER PARK

1316 Mary St, Ottumwa, IA 52501-5250

Estimated value:
$220,000
6.21 AC lot
View details

Ottumwa, IA Residential Income Properties Market Trends and Statistics

Explore 32 residential income properties for sale in Ottumwa, IA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 18,830 square feet of properties for sale, with an estimated market value of $1,534,000.

Sale prices for residential investment properties in Ottumwa, IA start at $50,000, averaging $170,444, and reaching up to $545,000 — 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 8
Duplexes 4
Triplexes 3
Apartment buildings 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 $172.4K

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

Total CRE Inventory on Market (SF)

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