Step 1- Call your financial institution and get a pre-approval letter. Step 2- Call a Realtor. Step 3- Start making money month 1 on this investment property. Owner is also selling 131 N Willard Ottumwa IA 52501 Discover an incredible investment opportunity with this triplex, generating a steady monthly gross income of $875 per month on the upstair units. Downstairs unit is not currently generating income. This property offers a great return on investment and is perfect for both seasoned investors and those new to real estate. Property Details: -1st floor Unit Occupied but no current income, tenant manages owners rental properties -2nd floor Efficiency apartment $450 -2nd floor 1 bedroom $425 Expenses: -Owner pays water, trash, and gas service to heat a water heater. With mostly tenant-paid utilities for the building, this triplex offers a balanced blend of convenience and profitability. Don’t miss out on this fantastic opportunity to add a high-performing asset to your portfolio. Schedule a viewing today and take the first step towards financial freedom
Pending
$75,000
102 S Davis St, Ottumwa, IA 52501
--beds
0baths
2,187sqft
Est.:
Triplex
Built in 1920
-- sqft lot
$-- Zestimate®
$34/sqft
$-- HOA
What's special
- 339 days
- on Zillow |
- 7 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: January 26, 2025 at 01:57pm
Listed by:
Derek Gates 641-683-7653,
Ottumwa Realty
Source: NoCoast MLS,MLS#: 6317578
Originating MLS: Southeast Iowa Regional MLS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,187 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Dimensions: 66 x 132
Details
- Has additional parcels: Yes
- Parcel number: 007417200166000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Subdivision: R S Smiths 4th Add
Location
- Region: Ottumwa
Financial & listing details
- Price per square foot: $34/sqft
- Tax assessed value: $37,400
- Annual tax amount: $906
- Price range: $75K - $75K
- Date on market: 5/22/2024
- Total actual rent: 10500
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