$190,000

524 N Wapello St Ottumwa, IA 52501

Estimated payment $1,190/month

Total Views 152
-- Bed
-- Bath
1,824 Sq Ft
$104 Price per Sq Ft

About This Home

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.

Listing Agent

Amber Lyons

Fairfield Real Estate Brokerage Phone: 641-472-2353 Listed on: 11/07/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Home Design

  • Brick Exterior Construction

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 54x130
  • Forced Air Heating System

Community Details

  • Gross Income $3,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Year Built: 1890
  • Stories: 2
  • Property Type: Residential Income
  • Co List Office Mls Id: NOC28666
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Basement: Full
  • Fireplace: No

Exterior Features

  • Construction Type: Brick

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: SEIA

Lot Info

  • Lot Dimensions: 54X130
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024

Multi Family

  • Resident Manager Expense: 300
  • Annual Operating Expense: 5736

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 For Sale $190,000 +153.3% $104 / Sq Ft
08/01/2019 08/01/19 Sold $75,000 -37.4% $41 / Sq Ft View Prior Sale
07/22/2019 07/22/19 Pending -- -- --
11/19/2018 11/19/18 For Sale $119,900 +379.6% $66 / Sq Ft
04/27/2017 04/27/17 Sold $25,000 0.0% $14 / Sq Ft View Prior Sale
03/06/2017 03/06/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $25,000 -- $14 / Sq Ft
Source: NoCoast MLS

Source: NoCoast MLS

MLS Number: NOC6333531

NoCoast MLS

APN: 007413200024000

Iowa Wapello County Ottumwa 52501

524 N Wapello St, Ottumwa, IA

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Information is deemed reliable but not guaranteed.

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Amber Lyons
Listing Agent
Amber Lyons
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Fairfield Real Estate
(641) 656-5905