Derek Gates

Responds Quickly

Ottumwa IA

Ottumwa Realty

96 Closed Sales

$12.2M Total Value

$39K - $625K Price Range

$127.5K 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

Total Value

$2,245,026

Average Sale Price

$124,724

Price Range

$28K - $245K

Buyer Deals

Total Deals

Total Value

$3,280,050

Average Sale Price

$142,611

Price Range

$9K - $625K

1 Year View by Quarter

Seller Deals

Total Deals

Total Value

$4,206,576

Average Sale Price

$116,849

Price Range

$26K - $273K

Buyer Deals

Total Deals

Total Value

$4,896,550

Average Sale Price

$132,339

Price Range

$9K - $625K

2 Year View by Quarter

Seller Deals

Total Deals

Total Value

$6,004,076

Average Sale Price

$117,727

Price Range

$26K - $273K

Buyer Deals

Total Deals

Total Value

$6,239,550

Average Sale Price

$138,657

Price Range

$9K - $625K

5 Year View

Neighborhoods Derek is Experienced In

Ottumwa

84 Sales
Fairfield

2 Sales

Derek's Recent Active Listings

$138,000
- 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

$167,500
- 3 Beds
- 2 Baths
- 979 Sq Ft
139 Geneva Dr

Oskaloosa, IA
This turn-key Ranch has been updated to offer a clean, updated aesthetic in a great neighborhood. The home features a fresh palette with new paint, new flooring, and updated kitchen countertops, balanced by high quality original wood doors. Both bathrooms include new vanities, and the home comes fully equipped with a refrigerator, stove, washer, and dryer. The exterior and mechanicals are equally

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

$86,500
- 2 Beds
- 1 Bath
- 780 Sq Ft
1322 Mowrey Ave

Ottumwa, IA
Back on the market and priced at the lowest amount the sellers are willing to accept—this is your opportunity to make a move. This home offers a great combination of updates, space, and value for its next owner. Step inside to find a recently remodeled kitchen featuring new cabinetry and countertops, along with an updated bathroom that brings a fresh, modern touch. The full basement provides

Derek Gates Ottumwa Realty

$165,000
- 3 Beds
- 2 Baths
- 1,652 Sq Ft
505 S Pine St

Bloomfield, IA
Nearly an Acre In Town – Space You Rarely Find! Situated on a quiet dead-end street, this 3-bedroom, 2-bath home sits on an impressive 0.84-acre corner lot—offering the kind of space and privacy that’s hard to come by within city limits. From the aerial view, you can truly appreciate the setting: wide-open yard space with room to expand, build, garden, or simply enjoy. Whether you’ve been

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

$290,000
- 3 Beds
- 3 Baths
- 1,550 Sq Ft
508 N Court St

Ottumwa, IA
Welcome to this beautifully crafted, brand-new home built through the renowned Indian Hills Community College Construction Technology Program—where quality craftsmanship meets modern design. This Craftsman-style single-family home offers approximately 1,550 sq ft of thoughtfully designed living space, featuring an open-concept main floor perfect for both everyday living and entertaining. The main

Derek Gates Ottumwa Realty

$85,000
- 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 and the convenience of town—plus the benefit of lower county taxes. This well-maintained, move-in ready home shows pride of ownership throughout. The main level features a bright kitchen with Corian countertops, quality cabinetry, built-in range top, double ovens, and tile backsplash, along with a

Derek Gates Ottumwa Realty

Recently Sold

$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 $123K
Derek Gates Ottumwa Realty

$161,000 Sold Apr 24, 2026
- 4 Beds
- 2 Baths
- 1,824 Sq Ft
1441 Casa Blanca Ln

Ottumwa, IA
- 8% Below List
- $88/SF
- 157 Days On Market
- Current Est. Value $161K
Derek Gates Ottumwa Realty

$115,000 Sold Apr 21, 2026
- 3 Beds
- 1 Bath
- 890 Sq Ft
727 Mckinley Ave

Ottumwa, IA
- 8% Below List
- $129/SF
- 85 Days On Market
- Current Est. Value $122K
Derek Gates Ottumwa Realty

$45,000 Sold Apr 1, 2026
- 2 Beds
- 2 Baths
- 870 Sq Ft
912 E 4th St

Ottumwa, IA
- 10% Below List
- $52/SF
- 16 Days On Market
- Current Est. Value $56K
Derek Gates Ottumwa Realty

$45,000 Sold Feb 9, 2026
- 2 Beds
- 1 Bath
- 746 Sq Ft
902 Clinton Ave

Ottumwa, IA
- 18% Below List
- $60/SF
- 9 Days On Market
- Current Est. Value $48K
Derek Gates Ottumwa Realty

$195,000 Sold Jan 16, 2026
- 4 Beds
- 3 Baths
- 2,284 Sq Ft
1508 Hamilton St

Ottumwa, IA
- 13% Below List
- $85/SF
- 49 Days On Market
- Current Est. Value $205K
Derek Gates Ottumwa Realty

$175,000 Sold Dec 9, 2025
- 2 Beds
- 1 Bath
- 1,230 Sq Ft
1410 W Finley Ave

Ottumwa, IA
- $142/SF
- 3 Days On Market
- Current Est. Value $178K
Derek Gates Ottumwa Realty

$121,000 Sold Oct 23, 2025
- 3 Beds
- 1 Bath
- 904 Sq Ft
1923 Richmond Ave

Ottumwa, IA
- 6% Below List
- $134/SF
- 26 Days On Market
- Current Est. Value $124K
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

Neighborhoods Derek is Experienced In

Derek's Listings and Deals

Derek's Recent Active Listings

Recently Sold

Other Experience