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2310 E Main St, Ottumwa, IA, 52501

--beds
0baths
1,967sqft
$75,000
$38price/sqft
$741/moest. monthly cost
$29,640/yrincome needed

About This Home

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 to JBS, this is a prime rental area with consistent demand. Whether you’re looking to add to your portfolio or get started in multifamily investing, this one checks the boxes—location, layout, and potential. Answer the call—this investment won’t wait. ????

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

2/10
Wilson Elementary SchoolGrades K-50.9 mi
2/10
Evans Middle SchoolGrades 6-82.6 mi
4/10
Ottumwa High SchoolGrades 9-1212.2 mi

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Wood Siding,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Basement

  • Has basement: Yes
  • Basement: Partial

Heating

  • Heating features: Forced Air

Interior Area

  • Total interior livable area: 1,967 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 007411400010000

Features

  • Stories: 2

Lot

  • Lot size: 7,405 sqft
  • Lot size dimensions: 50 x 150

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Hail
Heat Wave
Lightning
Winter Weather

FEMA Declared Disasters Across Iowa Counties

Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $379$4,548
Home Insurance *$95$1,140
Property Taxes $121$1,452
Electricity $146$1,760
Total$741$8,892
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$25,405/yr
40% on housing$22,230/yr
45% on housing$19,760/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$38This listing

vs Other Active Listings

Avg $/sqft

ZIP 52501$108
Wapello County$111

vs Homes Sold Last Month

Median $/sqft

ZIP 52501$103
Wapello County$92

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-17Listed for sale$85,000
2024-05-06Sold$70,000
2024-05-03Pending sale$75,000
2024-03-07Contingent$75,000
2024-02-09Listed for sale$75,000
2023-11-22Contingent$75,000
2023-11-05Listed for sale$75,000

For Sale by Agent

AgentDerek Gates
BrokerageOttumwa Realty

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