402 Richmond Street Ottumwa, IA ^$ 165,000

402 Richmond Street

^$ 165,000

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Recently Listed

402 Richmond Street

Ottumwa, IA, 52501

^$ 165,000

Studio Baths0.0 Sq 2,200

Monthly Estimate*

^$ 1,042

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Studio

Multi-Family Home for sale in Ottumwa, IA

for $165,000. This 2,200 square foot home was built in 1910.

3 unit commercial building offering a 2 bedroom apartment on the upper level currently occupied for $700 a month and the main level has a studio apartment ready for updates as a well as a commercial space with 2 office areas and kitchenette. Utilities are split out and the owner retains the garage space.

Multi-Family Active

Price

^$ 165,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,244

Style

Year Built

1910

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6341362

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Garage Spaces 2

Construction Materials Shakes

Year Built 1910

Stories Count 2

Property Subtype Triplex

Tax Year 2025

Gross Income 8400

Accessibility None

County Wapello

Operating Expense 0

Property Type Residential Income

Contingency None

MaintenanceExpense 0

Status Active

Directions west on Richmond

Number Of Units Total 3

Lot Size Units Acres

Tax Annual Amount 2244

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Living Area Units Square Feet

Standard Status Active

Legal Description RICHMOND ADD-LOT 27 EX SW PT; LOT 28 EX NE66'OF NW50'& EX SECR &EX PT SOLD BLK B(402 RICHMOND)

Interior

Basement Full

Total Fireplaces 0

Fireplace Y/N N

Total Baths 0

Exterior

Water Source Public

Lot Dimensions .83 Acres

* Excluded Features

List By

Lincoln Lynch

Listing Agent

Lynch Realty Inc

Broker

lincoln_lynch@hotmail.com

Affordability Calculator

$1,229

Per Month

Monthly Principal & Interest: $1,042
Monthly Property Taxes: $187
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Ottumwa, IA

Average List Price ^$144,000

Percent of Sale Price 13%

About Ottumwa, IA

24,695 Population

-2% Since 2002

^$38,797 Median Income

38.59 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/7/2026	$165,000		Listed Price

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402 Richmond Street, Ottumwa, IA, 52501 is a Multi-Family Home for sale at $165,000 with 2,200 sqft. 402 Richmond Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 52501 which is in Ottumwa, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 8/9/2026.

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402 Richmond Street

Multi-Family Home for sale in Ottumwa, IA

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