Derek Gates Real Estate Agent - Ottumwa Realty

129 Cass St, Ottumwa, IA For Sale $85,000 - listed by Derek Gates — For Sale $85,000

Derek Gates listing and buyer's agent for 817 Filmore St, Ottumwa, IA - sold for $118,450 — Sold $118,450

308 S Polk St, Drakesville, IA For Sale $184,900 - listed by Derek Gates — For Sale $184,900

Derek Gates buyer's agent for 430 Carter Ave, Ottumwa, IA - sold for $230,000 — Sold $230,000

121 S Foster Ave, Ottumwa, IA For Sale $55,000 - listed by Derek Gates — For Sale $55,000

Derek Gates

Responds Quickly

Ottumwa IA

Ottumwa Realty

110 Closed Sales

$14.4M Total Value

$45K - $625K Price Range

$130.6K 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, Mobile Homes, Multifamily, Commercial, Lot/Land

Years of Experience: 7

Transaction History

1 Year
2 Year
5 Year

Seller Deals
Total Deals	24
Total Value	$3,209,350
Average Sale Price	$133,723
Price Range	$28K - $250K

Buyer Deals
Total Deals	22
Total Value	$3,399,550
Average Sale Price	$154,525
Price Range	$9K - $625K

1 Year View by Quarter

Seller Deals
Total Deals	41
Total Value	$5,263,376
Average Sale Price	$128,375
Price Range	$28K - $273K

Buyer Deals
Total Deals	37
Total Value	$5,212,050
Average Sale Price	$140,866
Price Range	$9K - $625K

2 Year View by Quarter

Seller Deals
Total Deals	62
Total Value	$7,628,426
Average Sale Price	$123,039
Price Range	$26K - $273K

Buyer Deals
Total Deals	48
Total Value	$6,737,050
Average Sale Price	$140,355
Price Range	$9K - $625K

5 Year View

Derek's Listings and Deals

Derek's Recent Active Listings

$85,000
- 2 Beds
- 2 Baths
- 936 Sq Ft
129 Cass St

Ottumwa, IA
Ever thought about a home that can do double duty? 129 Case St is that kind of property. This 2-bedroom, 1-bath home was most recently a furnished rental with a solid rental history, so you can keep the income rolling or turn it into your personal retreat — the choice is yours. Inside, the layout is cozy and easy to maintain, perfect for relaxing evenings or weekend getaways. The location makes

Derek Gates Ottumwa Realty

$184,900
- 4 Beds
- 1 Bath
- 1,200 Sq Ft
308 S Polk St

Drakesville, IA
Built in 2022, this unique home offers 1,200 sq. ft. of efficient living space with 4 bedrooms, 1 full bath, and an open-concept layout. Quality construction includes spray foam insulation throughout, in-floor heat, and an on-demand water heater for year-round comfort and efficiency. Attached to the home is an incredible 42' x 48' heated garage/shop featuring oversized garage doors, heated

Derek Gates Ottumwa Realty

$55,000
- 3 Beds
- 1 Bath
- 980 Sq Ft
121 S Foster Ave

Ottumwa, IA
Affordable homeownership or investment opportunity! This 3-bedroom, 1-bath home is priced to sell at just $55,000 and sits on a rare double lot, providing plenty of outdoor space for gardening, recreation, future improvements, or additional parking. The home offers a functional layout with comfortable living areas and is ready for its next owner to make it their own. Whether you're a first-time

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

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

Ottumwa, IA
Tucked away at the end of a quiet 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

Derek Gates Ottumwa Realty

$162,000
- 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

$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

$349,000
- 3 Beds
- 2 Baths
- 2,344 Sq Ft
12655 Iowa 149

Ottumwa, IA
Enjoy the best of both worlds with this close-in rural property offering a peaceful setting, the convenience of town, and lower county taxes. Nearly $40,000 in insurance-funded exterior improvements are being completed, including a new roof on the home, detached garage and storage shed, new soffits, new front siding, and fresh exterior paint. This well-maintained, move-in ready home shows pride

Derek Gates Ottumwa Realty

Recently Sold

$118,450

Sold Aug 18, 2026
- 2 Beds
- 1 Bath
- 672 Sq Ft
817 Filmore St

Ottumwa, IA
- 5% Below List
- 33 Days On Market
- $176/SF
- Current Est. Value $118K
Derek Gates Ottumwa Realty

$139,900

Sold Aug 13, 2026
- 2 Beds
- 1 Bath
- 1,278 Sq Ft
205 Vogel Ave

Ottumwa, IA
- 7% Below List
- 60 Days On Market
- $109/SF
- Current Est. Value $151K
Derek Gates Ottumwa Realty

$154,500

Sold Aug 13, 2026
- 4 Beds
- 2 Baths
- 1,704 Sq Ft
746 Lake Rd

Ottumwa, IA
- 21% Below List
- 63 Days On Market
- $91/SF
- Current Est. Value $187K
Derek Gates Ottumwa Realty

$86,500

Sold Jul 27, 2026
- 2 Beds
- 1 Bath
- 780 Sq Ft
1322 Mowrey Ave

Ottumwa, IA
- 12 Days On Market
- $111/SF
- Current Est. Value $89K
Derek Gates Ottumwa Realty

$120,000

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

Ottumwa, IA
- 4% Below List
- 5 Days On Market
- $109/SF
- Current Est. Value $119K
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
- 61 Days On Market
- $109/SF
- Current Est. Value $181K
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
- 6 Days On Market
- $174/SF
- Current Est. Value $166K
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
- 20 Days On Market
- $161/SF
- Current Est. Value $288K
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
- 4 Days On Market
- $97/SF
- Current Est. Value $166K
Derek Gates Ottumwa Realty

Other Experience

First Time Homebuyers, Investments, Distressed Properties, Foreclosures

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