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    Ottumwa, IA
    Triplex

    Ottumwa, IA Triplexes for Sale

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    Agency, IA Floris, IA Bloomfield, IA Batavia, IA Douds, IA Albia, IA Fairfield, IA Oskaloosa, IA
    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 ideal for investors.
    Remodeled units with new electric and plumbing.
    Steady rental income stream.
    Separate electric meters for each unit.
    Each unit has 1 bedroom, 1 bath, living room, and kitchen.
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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
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

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    Three-Unit Two-Story Income Property

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    $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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    Fairfield Triplex Near Campus
    Fairfield Triplex Near Campus

    500 N Main Street, Fairfield, IA 52556

    $169,000
    3,276 sqft 0.20 AC lot

    Triplex near campus with income potential and separate utilities.

    View details
    Washington, Iowa Multi-Family Property
    Washington, Iowa Multi-Family Property

    508 N Iowa Avenue, Washington, IA 52353

    $120,000
    2,146 sqft 0.20 AC lot

    Multi-family property in Washington, Iowa, with 2,146 square feet.

    View details
    Triplex Income Property
    Triplex Income Property

    508 N Iowa Ave, Washington, IA 52353

    $120,000

    Three well-defined units with separate heating systems and established long-term renters near downtown Washington.

    View details

    Ottumwa, IA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Ottumwa, IA on our real estate platform. These investment opportunities span a total of 1,482 square feet of properties for sale, with an estimated market value of $130,000.

    Sale prices for three-family homes in Ottumwa, IA start at $130,000, averaging $130,000, and reaching up to $130,000 — 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

    Duplexes 3
    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 $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%

    Listings Trend

    New vs delisted commercial listings in Wapello County

    New Delisted

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    • 52501

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