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Browse All Ottumwa IA Between $300K - $400K Properties for Sale

$359,999
3 Beds 6339109 MLS
Unique opportunity on the edge of Ottumwa! Small acreages like this are hard to come by, especially with the flexibility this property offers. Situated outside city limits on over 8 acres, this property gives you the rural lifestyle while keeping town just minutes away — all with county taxes. The A-frame style home features 3 bedrooms, 2 bathrooms, and a flexible floor plan with space for an office, playroom, or possible non-conforming bedrooms. The open kitchen, great room, sunroom, and oversized deck create a comfortable setting to enjoy country living and beautiful sunsets. The property also offers an impressive amount of garage and shop space. There is a 20x31 machine shed, plus a 40x48 garage with office space and concrete floors. With multiple garage bays and a large shop area, this setup is ideal for a car enthusiast, hobbyist, contractor, or someone needing space for equipment, storage, or a business. Zoned both commercial and residential, this property offers the rare possibility of living on-site while operating your own business close to town. With acreage, outbuildings and a convenient location, this is a property you won’t want to miss. KEY FEATURES Over 8 acres located just outside Ottumwa city limits Rural lifestyle with town only minutes away County taxes Unique A-frame style home 3 bedrooms and 2 bathrooms Flexible floor plan with space for office, playroom, or non-conforming bedrooms Open kitchen, great room, and sunroom Oversized deck with sunset views

9450 150th Ave, Ottumwa

$374,999
2 Beds 2 Baths 6339074 MLS
Built in 2024, this newer construction 2 bedroom, 1.5 bathroom home is the perfect mix of modern comfort, energy efficiency, and peaceful country living. From the moment you step inside, you’ll notice the quality finishes, including a beautiful kitchen with Amish-built cabinetry, soft-close cabinets, waterproof vinyl flooring, and a traditional fireplace that brings warmth and character to the home. The spacious primary bedroom feels like its own private retreat, complete with a beautiful tile shower and a large jetted tub. The home was built with low-maintenance living in mind, featuring a metal roof, maintenance-free siding, and the added energy efficiency of berm-style construction. Outside, you’ll enjoy a poured patio, additional storage shed, and covered carport for extra vehicle protection and convenience. And then there’s the shop the kind of shop everyone hopes to find but rarely does. This impressive 60x60 shop with 16-foot sidewalls is insulated, spacious, and ready for just about anything. With tall ceilings, room for a car lift, RV parking, equipment, toys, or workspace, this is a true dream setup. It also features an office area, its own bathroom, second- and third-floor storage options, and a mini bar area, making it the ultimate tailgate man cave, hobby shop, or entertainment space. A newer home in the country is already hard to find add in a shop like this, and you have something truly special. Schedule your private showing today and come see everything!

9058 28th St, Ottumwa

$335,000
6337395 MLS
A rare opportunity to acquire a fully operational, income-generating mixed-use property in the heart of downtown Ottumwa. This handsome, historic, two-story brick building, offers immediate revenue from both floors and the kind of downtown presence that takes a long time to establish. The first floor is configured as a working retail and bar/eatery space, currently home to two established local businesses with a loyal customer base and a recognized brand. The space is flexible, rent-ready, and suited to a wide range of commercial uses — retail, food and beverage, professional services, or creative enterprise. New ownership can continue existing operations, welcome a new commercial tenant, or reimagine the space entirely. The second floor is a comfortable two-bedroom, one-bathroom, walk-up apartment currently generating income as a licensed short-term rental with verified SuperHost status on Airbnb — a designation that reflects documented guest demand and operational excellence, and transfers significant value to a new owner. The apartment converts readily to a long-term residential lease, with realistic monthly rental income for a qualified tenant. Additional upside includes the potential to add a rear deck overlooking the Des Moines River, enhancing the property's appeal for both commercial and residential occupants. Combined annual gross income potential from both floors nears $40,000 in passive rent alone. This is a property that works from day one.

328 E Main St, Ottumwa

$335,000
2 Beds 1 Baths 6336940 MLS
A rare opportunity to acquire a fully operational, income-generating mixed-use property in the heart of downtown Ottumwa. This handsome, historic, two-story brick building, offers immediate revenue from both floors and the kind of downtown presence that takes a long time to establish. The first floor is configured as a working retail and bar/eatery space, currently home to two established local businesses with a loyal customer base and a recognized brand. The space is flexible, rent-ready, and suited to a wide range of commercial uses — retail, food and beverage, professional services, or creative enterprise. New ownership can continue existing operations, welcome a new commercial tenant, or reimagine the space entirely. The second floor is a comfortable two-bedroom, one-bathroom, walk-up apartment currently generating income as a licensed short-term rental with verified SuperHost status on Airbnb — a designation that reflects documented guest demand and operational excellence and transfers significant value to a new owner. The apartment converts readily to a long-term residential lease, with realistic monthly rental income for a qualified tenant. Additional upside includes the potential to add a rear deck overlooking the Des Moines River, enhancing the property's appeal for both commercial and residential occupants. Combined annual gross income potential from both floors nears $40,000 in passive rent alone. This is a property that works from day one.

328 E Main St, Ottumwa

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