Property Description

0.15± Acres with 3BR Home, Rental Potential, and Garage | Wapello County, Iowa

Located in Wapello County, Iowa near Ottumwa, this 0.15± acre in-town property offers a strong opportunity for buyers seeking a rental investment or affordable primary residence. With a 3-bedroom, 1-bath home and solid structure, this property is well-suited for value-add improvements and long-term income potential.

The home features just over 1,200 square feet of living space, including a spacious living room, hardwood floors, and generously sized bedrooms. The layout is practical and provides a great foundation for updates, making it appealing for both investors and owner-occupants.

A detached 2-car garage offers ample parking and storage, while the concrete pad adds additional utility. The solid basement provides good structural integrity and future potential. Affordable properties with this level of flexibility are increasingly hard to find in today's market.

Property details

Acreage: 0.15± acres

County and state: Wapello County, Iowa

Nearest town: Ottumwa

Property type: Residential home

Bedrooms: 3

Bathrooms: 1

Living space: 1,200+ sq. ft.

Garage: Detached 2-car garage

Basement: Solid structure with potential

Location: In-town setting

Key features

0.15± acre in-town lot

3-bedroom, 1-bath home

1,200+ sq. ft. of living space

Large living room

Hardwood floors

Spacious bedrooms

Detached 2-car garage

Concrete pad for added use

Solid basement with good bones

Strong rental income potential

Value-add investment opportunity

Affordable entry point

Convenient Ottumwa location

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Directions:

From Highway 63, head west on E. Mary Street. At the stop sign, turn north onto S. Madison Avenue. Continue on S. Madison Avenue to E. Williams Street, then turn west. The home will be located a short distance ahead on the north side of the road.