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1146 N Elm St, Ottumwa
$133,000
6342392 MLS
Looking for your next income-producing investment? This 2-story duplex offers two HUGE units and a rental history that makes it worth a closer look! The property has historically generated $1,600 per month in rental income, making it an opportunity for investors looking to add cash flow to their portfolio. Each unit features 2 bedrooms, a living room, kitchen, and full bath, with exceptionally large rooms that give tenants plenty of space to spread out. The upper unit is currently vacant after the previous tenants moved out of Ottumwa. The owner intentionally left it vacant while the property is listed to make showings easier. Otherwise, the property has historically rented easily, giving the next owner the opportunity to market the vacant unit and work toward restoring the property's full rental income. The property also includes a good-sized yard and a large carport for convenient off-street parking. Tenants pay their own gas and electric, while the owner pays water. Whether you're building your rental portfolio, looking for your next cash-flow opportunity, or considering living in one unit while collecting rent from the other, this duplex offers plenty of potential. Two oversized units, a history of rental demand, and $1,600 per month in historical rental income make this one worth running the numbers on! One of the owners is a licensed real estate agent in the State of Iowa.

1146 N Elm St, Ottumwa

Listing courtesy of Ottumwa Realty.

1514 Swanson Ave, Ottumwa
$74,500
2 Beds ⋅ 1 Baths ⋅ 6342357 MLS
This 2-bedroom, 1-bath home offers approximately 720 square feet of living space and is conveniently located close to grocery shopping, Menards, and other everyday amenities. The home features a practical layout, a good-sized yard, and a detached 2-car garage providing plenty of space for parking, storage, or a workshop. The property is currently tenant-occupied and rented on a month-to-month basis, making it an excellent opportunity for an investor looking for an existing rental. If the new owner intends to occupy the home, the current tenant can be provided 30 days’ notice. Interior photos are not available due to the property being tenant-occupied. 24-hour notice is required for all showings. A great opportunity for an investor, first-time buyer, or anyone looking for an affordable home with the added benefit of a detached 2-car garage. One of the owners is a licensed Iowa real estate agent.

1514 Swanson Ave, Ottumwa

Listing courtesy of Ottumwa Realty.

1205 Grant St, Ottumwa
$108,000
2 Beds ⋅ 1 Baths ⋅ 6342346 MLS
New Roof and new Recent improvements in 2026 include new flooring throughout much of the interior and a new roof! This well-maintained property is currently tenant-occupied and rented month-to-month, which is why interior photos are not available. If the new owner plans to occupy the home, the current tenant can be provided 30 days’ notice. The home offers a level entrance, wide hallways, and an open layout for convenient accessibility and comfortable living. Outside, there’s plenty of potential to boost the street appeal, along with a terraced backyard, mature shade tree, established shrubs, and a completely fenced yard featuring both a walk-in gate and a drive-in gate. I personally love this location! A 24-hour notice is required for all showings to allow the current tenant adequate notice. One of the owners is a licensed Iowa real estate agent.

1205 Grant St, Ottumwa

Listing courtesy of Ottumwa Realty.

325 E Main St, Ottumwa
$545,000
6342308 MLS
This is a great opportunity to own one of downtown Ottumwa's nicest buildings. With a recent full restoration this property offers a large open commercial main level. It includes large storefront windows for advertising, exposed brick walls throughout, refinished hardwood floors, new kitchenette area, men's and women's restrooms. It has a traditional meets modern look that is sure to enhance any business. For additional income, there are three remodeled apartments upstairs. One 2 bed 1 bath, and Two 1 bed 1 bath. Most recent rents are $1224, $949, and $1205 - utilities are on the tenants. This property cash flows well, and financials are available to pre-qualified buyers or those with proof of funds and that sign a non-disclosure. Call for more information or to schedule your showing.

325 E Main St, Ottumwa

Listing courtesy of RE/MAX Pride Oskaloosa.

333 N Court St, Ottumwa
$499,999
6342272 MLS
Excellent commercial investment opportunity in Ottumwa, Iowa! Located at 333 & 345 N Court Street, this property features two separate commercial office buildings on approximately 0.677 acres, offering flexibility for an owner-user, investor, or business looking for additional space. The property offers approximately 6,099 square feet of above-grade commercial space between the two buildings, plus additional finished basement office space in the second building. With two separate buildings, there are multiple possibilities. An owner could operate from one building while leasing the other, utilize both for their own business, or lease the entire property as an income producing investment. The owner would also consider leasing the buildings rather than selling, giving buyers and businesses additional flexibility. The property features a convenient Ottumwa location, ample paved parking, multiple office areas, restrooms, HVAC, and plenty of usable space for a variety of professional or commercial uses. Whether you're looking for an investment property or a new home for your business, this is a great opportunity to secure two commercial buildings in Ottumwa. Purchase or lease opportunities available. Schedule your private showing today.

333 N Court St, Ottumwa

Listing courtesy of Land Guys, LLC of Iowa.

12659 Hwy 149, Ottumwa
$305,000
4 Beds ⋅ 3 Baths ⋅ 6342210 MLS
Welcome to this beautiful and spacious home offering 2,688 finished square feet of comfortable living space! Featuring 4 bedrooms and 3 bathrooms, this property also includes a versatile bonus room that could easily serve as a 5th bedroom, home office, and so much more. A unique features of this property is the ownership of an additional parcel located across the road, providing extra space and endless possibilities. The property also includes ownership of the road itself. Inside, you'll find generous living areas designed for both everyday living and entertaining. Step outside to enjoy the spacious back deck, complete with a charming gazebo, creating the perfect setting for relaxing mornings, outdoor dining, or hosting family and friends. The lower level also features an additional bonus room! Additional features include a storage shed for all your tools, equipment, and outdoor storage needs. Recent updates provide added peace of mind, including a brand-new roof installed in 2026, new siding 2026, and a brand-new septic system that will be installed, adding even more value to this exceptional property. Located in a great, quiet neighborhood, this home offers the added benefit of county taxes while still providing convenience to nearby amenities. With its combination of space, flexibility, modern updates, and unique property features, this home offers a rare opportunity for those seeking room to grow and enjoy peaceful country-style living.

12659 Hwy 149, Ottumwa

Listing courtesy of Bridge City Realty.

328 E Maple Ave, Ottumwa
$144,300
3 Beds ⋅ 1 Baths ⋅ 6341979 MLS
Completely renovated home! From the Roof to the floor so much work has been done here! Some updates include newer roof, siding, gutters, soffit, fascia, windows, front and rear decks,, furnace, AC unit, water heater, plumbing, electrical, flooring, trim work, fixtures, cabinets, bathroom and more! Come take a look, you will be amazed at the great condition of this 3-bedroom home. All 3 bedrooms are good size, kitchen and living room also have a good amount of room for family time or entertaining. Main floor laundry and a large mud room right off the back. A new large deck wraps around the back of the home that would make a great area to enjoy the outdoors. Call an agent today for a personal tour.

328 E Maple Ave, Ottumwa

Listing courtesy of RE/MAX Pride Ottumwa.

0000 62nd St, Ottumwa
$452,200
6341881 MLS
This 76± acre recreational farm in Wapello County, Iowa, just east of Blakesburg, offers an excellent combination of whitetail habitat, income, water, access, and established hunting improvements. The property features mature timber, thick cedar bedding areas, native grasses, and nearly 8 acres of food plots, including green plots and planted beans. Surrounded primarily by pasture, the farm provides some of the best cover in the immediate area and creates a natural funnel for deer and other wildlife. An established trail system allows easy access by ATV, side-by-side, or electric bike and connects to strategic stand locations throughout the property. The layout provides multiple hunting options for changing wind directions while helping minimize disturbance. A creek and two ponds provide dependable water sources and enhance the overall wildlife habitat. Approximately 12.81 acres are enrolled in CRP, generating $2,551 annually through September 30, 2027. With established food plots, quality cover, reliable water, CRP income, and a hunting-focused layout, this Wapello County property is ready to hunt and enjoy.

0000 62nd St, Ottumwa

Listing courtesy of Land Guys, LLC of Iowa.

5 Raynan Dr, Ottumwa
$409,000
5 Beds ⋅ 4 Baths ⋅ 6341771 MLS
Timeless elegance meets modern luxury in this stately, brick traditional executive estate. Framed by professional landscaping and commanding curb appeal, this residence offers unparalleled craftsmanship and sophisticated design. The grand foyer welcomes you into a versatile, expansive gathering space perfectly suited for both daily life and upscale hosting. At the heart of the home is a true chef’s dream kitchen, fully equipped with premium granite countertops, a statement copper sink, a commercial-grade gas range, and a massive center island designed for effortless entertaining. The gourmet kitchen flows seamlessly into an inviting family room anchored by a cozy fireplace. Just beyond lies a breathtaking four-season room with dramatic vaulted ceilings, offering year-round relaxation. The thoughtful main-floor layout features a private primary sanctuary, a formal living room, a flexible secondary bedroom or executive home office, a spacious laundry room, and a chic powder bath. Upstairs, discover three generously sized bedrooms with excellent storage and a beautifully appointed full bathroom. The lower level is a true entertainment destination, boasting a fully finished basement complete with a recreation room, dedicated exercise space, an additional bedroom, and a bathroom. Outside, an expansive deck overlooks the private grounds. Contact us today for a complete list of custom improvements!

5 Raynan Dr, Ottumwa

Listing courtesy of Bridge City Realty.

421 E Manning Ave, Ottumwa
$197,000
4 Beds ⋅ 2 Baths ⋅ 6341765 MLS
Seller offering 3% seller concession to buyer at closure with acceptable offer. Peaceful East Manning cul-de-sac, this beautifully maintained 4-bedroom home perfectly blends space, modern comfort, and ultimate peace of mind. The main level welcomes you with an expansive living room that flows effortlessly into a galley kitchen and an informal dining area, creating a wonderful layout for everyday living. Three generously sized bedrooms complete the main floor, while the fully finished basement serves as an exceptional secondary living space. Lower-level highlights include a cozy family room and a luxurious master suite boasting walk-in closets and a private bath equipped with cozy heated flooring. Outside, an attached garage, a functional carport, and a dedicated storage shed provide abundant parking and utility space. This move-in-ready home is packed with high-value mechanical and cosmetic upgrades for worry-free living. The kitchen features a brand-new dishwasher, sink, and garbage disposal installed this year, with a new microwave guaranteed to be replaced before closing. Extensive recent property updates include a new central AC unit (2023), professionally cleaned air ducts (2025), two brand-new toilets, shower fixtures (2025), and partial exterior/infrastructure improvements (2025). A built-in radon mitigation system is already in place to ensure a safe environment. This immaculate property is ready for its next chapter.

421 E Manning Ave, Ottumwa

Listing courtesy of Bridge City Realty.

11358 Rabbit Run Rd, Ottumwa
$249,999
3 Beds ⋅ 2 Baths ⋅ 6340702 MLS
Escape to the peace of country living with this beautifully updated acreage just minutes from Ottumwa! Situated on 8.3 acres, this exceptional property features approximately 240 maturing walnut trees, offering incredible natural beauty, shade, and investment potential. The inviting 3-bedroom, 2-bathroom home has been thoughtfully updated with new cabinetry, stylish countertops, and new flooring, creating a fresh, modern feel throughout. All kitchen appliances are included, making this home truly move-in ready. For added peace of mind, the home is also equipped with a backup generator. Outside, you'll find everything you need for country living, hobbies, and storage. The property includes a 2-car detached garage and a 24' x 56' x 12' pole building, and a motorhome carport, providing plenty of room for vehicles, equipment, recreational toys, or a workshop. Additional gravel parking offers even more convenience. There is a eve's trough warranty also! Enjoy relaxing on the front and back decks while taking in the beautiful views, or unwind in the charming she shed with electricity, perfect for a hobby space, studio, or quiet retreat. The fenced backyard is ideal for children and pets to play safely. Whether you're looking for a peaceful country retreat, space for your hobbies, or room to grow, this one-of-a-kind property has it all. Don't miss this rare opportunity to own an updated home on a stunning acreage with outbuildings, mature walnut trees, and endless possibilities!

11358 Rabbit Run Rd, Ottumwa

Listing courtesy of Bridge City Realty.

15355 118th Ave, Ottumwa
$2,924,000
3 Beds ⋅ 2 Baths ⋅ 6341556 MLS
This exceptional 272 acre Wapello County farm offers an outstanding combination of productive cropland, dependable CRP income, and a well-maintained rural acreage. The farm includes approximately 251.05 FSA cropland acres, with 97.53 acres in row crop production, 96.90 acres enrolled in CRP, and 56.62 acres seeded to native grasses and forbs through the Conservation Stewardship Program (CSP). The CSP acres may be terminated and returned to production for the 2027 crop season. The average CSR2 across the cropland acres is 64.4, while the average CSR2 across the current production acres is 83. Whether you're looking to expand your farming operation, add to your investment portfolio, or purchase a country acreage, this property is an excellent opportunity. The Sellers may consider dividing the farm into multiple tracts, and Buyers are encouraged to structure and submit offers accordingly. The one story ranch style dwelling has 3 bedrooms and 1 bathroom. Dwelling roof and windows were replaced in 2026. Dwelling siding will be replace prior to closing. There is a partial unfinished basement. The updated water heater and furnace are located in the basement. A deck has recently been added on the north side of the dwelling. A portion of the machine shed has concrete floor and electricity, one sliding door on west side and two sliding doors on south side.

15355 118th Ave, Ottumwa

Listing courtesy of Growthland Realty.

201 S Iowa St, Ottumwa
$549,999
6341549 MLS
Versatile commercial property in Ottumwa, Iowa, offering approximately 49,052 square feet of building space across multiple structures on 2.54± acres. The property includes a flexible mix of warehouse, storage, retail, shop, and office space, making it well suited for an owner-user, contractor, distribution operation, building supply business, light industrial use, equipment storage, or multi-tenant investment. Multiple buildings and distinct work areas allow office, customer-facing, production, and storage functions to operate from one location. Features include enclosed warehouse space, shop areas, loading access, office space, retail areas, and outdoor yard space for inventory, vehicles, or equipment. Located just north of the railroad tracks on South Iowa Avenue, the property offers convenient access to Highway 34 and the greater Ottumwa area. This adaptable commercial complex provides room for an existing business, future expansion, or potential leasing opportunities.

201 S Iowa St, Ottumwa

Listing courtesy of Land Guys, LLC of Iowa.

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