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147 N Ward St, Ottumwa, IA, 52501

--beds
0baths
1,482sqft
$130,000
$88price/sqft
$1,120/moest. monthly cost
$44,800/yrincome needed

About This Home

Move-in-ready 3-Plex. Units remodeled and new electric and plumbing in the building. Ideal for investors looking for steady income. Separate electric meters allowing each tenant to pay their own electric bill. Each unit has 1 bedroom and 1 bath with living room and kitchen. Located near downtown and shopping, this property offers a healthy rental income stream. Make an appointment to see this doon!

Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

--
2/10
Evans Middle SchoolGrades 6-80.6 mi
4/10
Ottumwa High SchoolGrades 9-1213.3 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Vinyl Siding,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Heating

  • Heating features: Forced Air

Interior Area

  • Total interior livable area: 1,482 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 7417190082000

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 33 x 132

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

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
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 $657$7,884
Home Insurance *$165$1,980
Property Taxes $177$2,124
Electricity $121$1,452
Total$1,120$13,440
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$38,400/yr
40% on housing$33,600/yr
45% on housing$29,866/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

$88This listing

vs Other Active Listings

Avg $/sqft

ZIP 52501$107
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
2026-05-06Price change$130,000
2026-02-11Listed for sale$140,000
2023-10-27Sold$50,000
2023-09-19Pending sale$61,000
2023-08-05Price change$61,000
2023-05-23Listed for sale$65,000
2022-11-12Listing removed--
2022-05-16Listed for sale$65,000
2009-12-28Sold$31,500

For Sale by Agent

AgentLonnie D Lunsford
BrokerageTeam Real Estate

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