Derek Gates

Responds Quickly

Ottumwa IA

Ottumwa Realty

103 Closed Sales

$13.4M Total Value

$45K - $625K Price Range

$129.8K Average Price

Prior 5 years

About Derek

#1 Reason to call me if you are buying or selling, I'm great to work with and I return phone calls!

With 18 years of banking experience, I transitioned successfully to a prominent role in real estate. Formerly a branch manager at US Bank and C1st Credit Union, and most recently the Vice President of Residential Mortgage at First State Bank, I offer extensive financial expertise to clients.

My professional journey showcases a strategic mindset, keen opportunities' sense, and success in navigating both financial and real estate markets. Starting as an real estate investor, I developed skills in market analysis and sound financial decision-making, earning recognition as a shrewd investor.

Recognizing synergy between banking and investment, I transitioned to become a real estate broker. Leveraging market insights and investment strategies, I emerged as a trusted advisor for clients seeking homes and strategic real estate investments.

As a real estate broker, I seamlessly integrate financial acumen with a deep understanding of the property market. Committed to providing personalized guidance, my approach is characterized by transparency, integrity, and dedication to achieving optimal results.

I look forwarding to working for you!

Home Types: House, Manufactured, MultiFamily, Commercial, Lot/Land

Years of Experience: 7

Transaction History

1 Year
2 Year
5 Year

Seller Deals
Total Deals	20
Total Value	$2,710,000
Average Sale Price	$135,500
Price Range	$28K - $250K

Buyer Deals
Total Deals	19
Total Value	$2,902,050
Average Sale Price	$152,739
Price Range	$9K - $625K

1 Year View by Quarter

Seller Deals
Total Deals	37
Total Value	$4,764,026
Average Sale Price	$128,757
Price Range	$28K - $273K

Buyer Deals
Total Deals	34
Total Value	$4,714,550
Average Sale Price	$138,663
Price Range	$9K - $625K

2 Year View by Quarter

Seller Deals
Total Deals	58
Total Value	$7,129,076
Average Sale Price	$122,915
Price Range	$26K - $273K

Buyer Deals
Total Deals	45
Total Value	$6,239,550
Average Sale Price	$138,657
Price Range	$9K - $625K

5 Year View

Derek's Recent Active Listings

$120,000
- 2 Beds
- 1 Bath
- 720 Sq Ft
331 Mckinley Ave

Ottumwa, IA
Perfect starter home or ideal for downsizing! This move-in ready home offers comfort, convenience, and low-maintenance living. Featuring a functional layout with cozy living spaces, this home is ready for its next owner to enjoy from day one. All appliances are included, making your move simple and stress-free. Whether you're a first-time buyer, looking to simplify, or searching for an affordable

Derek Gates Ottumwa Realty

$205,000
- 5 Beds
- 2 Baths
- 2,069 Sq Ft
219 A Ave W

Albia, IA
Step into a beautifully restored piece of Albia history with this spacious 2-story home offering 4-5 bedrooms, 2 full baths, and an impressive blend of historic charm and modern updates. Rich oak woodwork, coffered ceilings, built-ins, pocket doors, leaded glass accents, and stunning hardwood floors showcase the craftsmanship of a bygone era. Recent renovations include two completely remodeled

Derek Gates Ottumwa Realty

$124,900
- 2 Beds
- 1 Bath
- 672 Sq Ft
817 Filmore St

Ottumwa, IA
Tucked away on a quiet street on Ottumwa's north side, this well-maintained 2-bedroom, 1-bath home offers comfortable living, numerous updates, and room to grow. Enjoy the peaceful setting while still being just minutes from Highway 63, shopping, banking and everyday conveniences. The bright living room flows into an efficient kitchen featuring ample cabinet space and direct access to the

Derek Gates Ottumwa Realty

$125,000
- 2 Beds
- 1 Bath
- 1,064 Sq Ft
1637 Locust St

Ottumwa, IA
Tucked away at the end of the street, this charming home offers a peaceful setting with mature timber surrounding the backyard, creating a private retreat you'll enjoy year-round. Situated on two parcels, the property provides extra space and flexibility rarely found in town. Inside, you'll appreciate the character and charm throughout, including beautiful natural woodwork, built-ins, and classic

Derek Gates Ottumwa Realty

$165,000
- 4 Beds
- 1 Bath
- 1,228 Sq Ft
822 S Webster St

Ottumwa, IA
Welcome to 822 S Webster Street, where updates, space, and value come together in one move-in-ready package! This spacious 4-5 bedroom home offers a flexible floor plan with a finished attic loft that can easily serve as a fifth bedroom, home office, playroom, or bonus living area. Recent improvements include new siding, new flooring, updated drywall, a remodeled bathroom, newer central air, a

Derek Gates Ottumwa Realty

$132,000
- 3 Beds
- 1 Bath
- 1,008 Sq Ft
535 Osceola St

Ottumwa, IA
Welcome to this charming and thoughtfully updated 3-bedroom home perfectly situated in one of Ottumwa’s most convenient neighborhoods. From the moment you arrive, you’ll notice the pride of ownership throughout, from the fresh curb appeal to the brand-new roof installed in 2025. Step inside and discover a comfortable, move-in-ready layout featuring modern updates throughout while maintaining a

Derek Gates Ottumwa Realty

$150,000
- 2 Beds
- 1 Bath
- 1,278 Sq Ft
205 Vogel Ave

Ottumwa, IA
Welcome to this charming 2-bedroom, 1-bath residence offering 1,278 sq. ft. of inviting living space. From the spacious dining room perfect for meals to the full basement with plenty of storage, this home combines comfort and practicality. Step outside to a fenced backyard, ideal for outdoor activities or letting pets roam safely. The detached 1-car garage adds convenience and extra space.

Derek Gates Ottumwa Realty

$185,000
- 4 Beds
- 2 Baths
- 1,704 Sq Ft
746 Lake Rd

Ottumwa, IA
Let me guess... you’ve been waiting for something with a little land, a great view, and still close to town? Yeah—so has everyone else. Sitting on 1.89 acres on the edge of town, this 3–4 bedroom 1.5 baths split-level checks the boxes buyers keep asking for. The lower level gives you options—use it as a bedroom, second living space, or whatever fits your setup. And let’s talk about that

Derek Gates Ottumwa Realty

$75,000
- 1,967 Sq Ft
2310 E Main St

Ottumwa, IA
Ring.... ring... Its not a spam call. That’s right—we’re calling all investors. This up/down duplex is your chance to step into a cash-flow opportunity with upside. Featuring two 2-bedroom, 1-bath units with tenants paying all utilities, this property keeps expenses low and returns strong. Current rents are below fair market value, leaving room for increased income and improved ROI. Located close

Derek Gates Ottumwa Realty

Recently Sold

$120,000

Sold Jul 1, 2026
- 2 Beds
- 1 Bath
- 1,102 Sq Ft
907 Locust St

Ottumwa, IA
- 4% Below List
- $109/SF
- 5 Days On Market
- Current Est. Value $71K
Derek Gates Ottumwa Realty

$175,000

Sold Jun 30, 2026
- 3 Beds
- 2 Baths
- 1,608 Sq Ft
169 W Alta Vista Ave

Ottumwa, IA
- 7% Below List
- $109/SF
- 61 Days On Market
- Current Est. Value $197K
Derek Gates Ottumwa Realty

$170,000

Sold Jun 25, 2026
- 3 Beds
- 2 Baths
- 979 Sq Ft
139 Geneva Dr

Oskaloosa, IA
- 1% Above List
- $174/SF
- 6 Days On Market
- Current Est. Value $167K
Derek Gates Ottumwa Realty

$250,000

Sold Jun 23, 2026
- 3 Beds
- 3 Baths
- 1,550 Sq Ft
508 N Court St

Ottumwa, IA
- 14% Below List
- $161/SF
- 20 Days On Market
- Current Est. Value $287K
Derek Gates Ottumwa Realty

$160,000

Sold Jun 12, 2026
- 3 Beds
- 2 Baths
- 1,652 Sq Ft
505 S Pine St

Bloomfield, IA
- 3% Below List
- $97/SF
- 4 Days On Market
- Current Est. Value $162K
Derek Gates Ottumwa Realty

$193,000

Sold May 29, 2026
- 4 Beds
- 3 Baths
- 1,238 Sq Ft
311 S D St

Albia, IA
- 14% Below List
- $156/SF
- 168 Days On Market
- Current Est. Value $188K
Derek Gates Ottumwa Realty

$57,000

Sold May 22, 2026
- 2 Beds
- 1 Bath
- 906 Sq Ft
612 Clinton Ave

Ottumwa, IA
- 24% Below List
- $63/SF
- 192 Days On Market
- Current Est. Value $64K
Derek Gates Ottumwa Realty

$245,000

Sold May 21, 2026
- 4 Beds
- 2 Baths
- 1,364 Sq Ft
125 W Alta Vista Ave

Ottumwa, IA
- 5% Below List
- $180/SF
- 76 Days On Market
- Current Est. Value $227K
Derek Gates Ottumwa Realty

$72,000

Sold May 7, 2026
- 3 Beds
- 1 Bath
- 1,571 Sq Ft
1401 W Finley Ave

Ottumwa, IA
- 45% Below List
- $46/SF
- 181 Days On Market
- Current Est. Value $130K
Derek Gates Ottumwa Realty

Other Experience

Distressed Properties, First Time Home Buyers, Foreclosures, Investments

Agent License: Iowa ***

Derek Gates

(641) 276-6027

Ottumwa Realty

Responds Quickly

(641) 276-6027

Homes for Sale by City

Derek Gates

About Derek

Transaction History

Seller Deals

Buyer Deals

Production Over Time

1 Year View by Quarter

Seller Deals

Buyer Deals

Production Over Time

2 Year View by Quarter

Seller Deals

Buyer Deals

Production Over Time

5 Year View

Derek's Listings and Deals

Derek's Recent Active Listings

Recently Sold

Other Experience