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524 N Wapello Street Ottumwa, IA $ 180,000
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$ 180,000 Get more info
524 N Wapello Street
$ 180,000
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Share Save

524 N Wapello Street

Ottumwa, IA, 52501
$ 180,000
Baths0.0 Sq 1,824

Monthly Estimate*

$ 1,123

524 N Wapello Street, Ottumwa, IA 52501 - Image 1
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524 N Wapello Street, Ottumwa, IA 52501 - Image 12
Studio

Multi-Family Home for sale in Ottumwa, IA

for $180,000. This 1,824 square foot home was built in 1890 on a lot size of 0.16.

Fully Updated 4-Plex – Turnkey Investment Opportunity: This newly renovated 4-plex is a prime opportunity for investors or owner-occupants looking for a low-maintenance, high-yield property. Each unit has been fully updated with new furnaces, hot water heaters, fuse boxes, modern appliances, (including in-unit washer & dryers). Fresh paint, new carpet, durable vinyl flooring throughout, & remodeled bathrooms with contemporary finishes. Separate utility meters allowing for tenants to pay their own utilities. Conveniently located and move-in ready, this property offers strong rental potential with minimal overhead. Whether you're expanding your portfolio or seeking a smart first investment, this 4-plex is a must-see.

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Multi-Family Active

Price

$ 180,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,636

Style

Lot Size

0.16

Year Built

1890

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6333531
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Construction Materials Brick
Year Built 1890
Stories Count 2
Property Subtype Quadruplex
Tax Year 2024
Gross Income 3000
Accessibility None
County Wapello
Operating Expense 5736
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Status Active
Directions From Fairfield: Head west on HWY 34 towards Ottumwa - Take exit 35 toward Pennsylvania Ave - Turn left onto 100th St - Turn left onto N Court St - Turn right onto Albany St - Turn left onto N Wapello
Association Name SEIA
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 6969.6
Tax Annual Amount 1636
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description CURTS SUB OF GILMORE LOT 14(524 N WAPELLO UNITS 1-5)
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Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 54X130
Lot Size Acres 0.16
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* Excluded Features
List By
Amber Lyons

Listing Agent

Fairfield Real Estate

Broker

641-472-2353

Contact

Affordability Calculator

$1,259
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,123
Monthly Property Taxes
$136
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/10/2025$180,000 -5.26% Price Down
11/7/2025$190,000 Listed Price

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524 N Wapello Street, Ottumwa, IA, 52501 is a Multi-Family Home for sale at $180,000 with 1,824 sqft and a lot size of 0.16. 524 N Wapello Street is a studio with 0.0 baths and was built in 1890. The property's zip code is 52501 which is in Ottumwa, IA

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