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
Sold
$65,000
102 S Davis St, Ottumwa, IA 52501
--beds
0baths
2,187sqft
Triplex
Built in 1920
-- sqft lot
$65,700 Zestimate®
$30/sqft
$848 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 30, 2025 at 12:26pm
Listed by:
Derek Gates 641-777-2150,
Ottumwa Realty
Bought with:
Derek Gates, ***
Ottumwa Realty
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6317578
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
- Stories: 2
Lot
- Size: 8,712 sqft
- Dimensions: 66 x 132
Details
- 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
Community & neighborhood
Location
- Region: Ottumwa
- Subdivision: R S SMITHS 4TH ADD
HOA & financial
HOA
- Has HOA: No
- Association name: SEIA