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    Ottumwa, IA
    Triplex

    Ottumwa, IA Triplexes for Sale

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    Agency, IA Bloomfield, IA Floris, IA Blakesburg, IA Drakesville, IA Hedrick, IA Batavia, IA Unionville, IA
    Mixed-Use Building with Office Space
    Updated: Aug 7
    Mixed-Use Building with Office Space

    402 Richmond Street, Ottumwa, IA 52501

    $165,000
    2,200 sqft
    2,200 SF mixed‑use building with three units
    Occupied upper‑level 2‑bedroom apartment
    Main‑level studio apartment ready for updates
    Commercial area includes 2 office areas and kitchenette
    Utilities are split out between the spaces
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    This listing looks promising.

    Here's a quick look at some key insights for

    402 Richmond Street, Ottumwa, IA 52501

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $13K
      Annual

    • Price @ 7% Cap

      $180K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1910
    View Property Analytics
    Three-Unit Mixed-Use Building
    Updated: Aug 7
    Three-Unit Mixed-Use Building

    402 Richmond Ave, Ottumwa, IA 52501

    $165,000
    2,200 sqft
    Three‑unit mixed‑use building at 402 Richmond Ave, Ottumwa, IA
    2,200 SF property with residential and commercial components
    Upper‑level 2 bedroom apartment is currently occupied
    Main‑level studio apartment requires updates
    Commercial area includes 2 office spaces and a kitchenette
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ottumwa, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Fully Occupied Triplex with Separate Meters
    Fully Occupied Triplex with Separate Meters

    415 E Main Street, Montezuma, IA 50171

    $189,000
    2,798 sqft 0.20 AC lot

    Fully occupied triplex with separate electric meters, HVAC, and laundry hookups, zoned Business/Commercial.

    View details
    Updated Fully Occupied Triplex
    Updated Fully Occupied Triplex

    415 E Main St, Montezuma, IA 50171

    $189,000
    2,798 sqft

    Three separately metered units offer individual HVAC systems, kitchens, full baths, and laundry hookups.

    View details
    Two-Story Triplex with Carport
    Two-Story Triplex with Carport

    402 W Hempstead Avenue, Fairfield, IA 52556

    $169,000
    2,256 sqft 0.11 AC lot

    Three-unit property with two occupied upper apartments and a main-level residence suited for leasing or owner occupancy.

    View details
    Triplex Barndominium with Acreage
    Triplex Barndominium with Acreage

    2309 Kale Boulevard, Fairfield, IA 52556

    Contact for pricing
    5.59 AC lot

    Three residential units combine open layouts, private outdoor space, garages, and varied bedroom configurations on a wooded acreage setting.

    View details

    Ottumwa, IA Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Ottumwa, IA on our real estate platform. These investment opportunities span a total of 4,400 square feet of properties for sale, with an estimated market value of $330,000.

    Sale prices for three-family homes in Ottumwa, IA average $165,000 — 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

    Apartment buildings 3
    Triplexes 2
    Duplexes 1
    Quadplexes 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 $130K

    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%

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