325 E Main Street Ottumwa, IA $ 580,000
325 E Main Street
$ 580,000
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325 E Main Street

Ottumwa, IA, 52501
$ 580,000
Baths0.0 Sq 3,500

Monthly Estimate*

$ 3,662

325 E Main Street, Ottumwa, IA 52501 - Image 1
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Studio

Multi-Family Home for sale in Ottumwa, IA

for $580,000. This 3,500 square foot home was built in 1900 on a lot size of 0.09.

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.

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Multi-Family Active

Price

$ 580,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,340

Style

Lot Size

0.09

Year Built

1900

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6342308

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Construction Materials Brick
Year Built 1900
Stories Count 2
Property Subtype Apartment
Tax Year 2024
Gross Income 64536
Accessibility None
County Wapello
Operating Expense 0
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name OTTUMWA ORIG
Status Active
Directions E Main St.
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 3920.4
Tax Annual Amount 8340
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description OTTUMWA ORIGINAL OTTUMWA ORIGINAL NW 25.4' LOT 282 BLK NW 25.4' LOT 282 BLK 21/SE 3' LOT 283 21/SE 3' LOT 283 BLK 21 (325 E MAIN) BLK 21 (APT 201 FRONT) (APT 202 CENTER)(APT 203 REAR)
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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 28X132
Lot Size Acres 0.09
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* Excluded Features
List By
Jason Carter

Listing Agent

Re/Max Pride Oskaloosa

Broker

641-676-3456

Contact

Affordability Calculator

$4,357
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,662
Monthly Property Taxes
$695
Monthly 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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$580,000 Listed Price

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325 E Main Street, Ottumwa, IA, 52501 is a Multi-Family Home for sale at $580,000 with 3,500 sqft and a lot size of 0.09. 325 E Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 52501 which is in Ottumwa, IA