328 E Main Street
Ottumwa, IA 52501
2
Bed
1
Bath
3,502Sqft
6,752Sqft(Lot)
2 Building Bundle! Charming Two-Story Brick Building in Downtown Ottumwa! This versatile property features an income-ready retail space and a bar/eatery layout on the first floor, ideal for a low-risk cafe or breakfast spot (no open flame required for lower overhead!). The second floor boasts a ready-to-rent or live in two-bedroom, one-bathroom apartment, with potential monthly rental income of $2,500. There's also an opportunity to add a rear deck for even more appeal! These buildings are being sold as a package with the adjacent vacant three-story brick building at 314 E Main, offering endless possibilities. Imagine a two-level penthouse apartment with an open concept for the ultimate downtown living experience! The first floor can be transformed into a retail shop, such as a pet store,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 2Bathroom Information
Total Baths: 1 Full Baths: 1 Half Baths: 0Water/Sewer
Water Source: City Water/Connected Sewer: City Sewer/Connected -
Kitchen Information
Kitchen: Kitchen -
Cooling Features
Has cooling CentralHeating Source
Has Heating Forced Air,Natural Gas
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Building Information
Built Year: 1880 Basement: Full -
Exterior Features
Brick/Stone
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Lot Information
Lot Size (Acr): 0.155 Dimensions: 22X149 22X149 -
Property Information
Type: Apartment Style City: Ottumwa State: IA Directions: North Jefferson Street to E Main Street Property Status: Active
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Listing Price Information
Original List Price: $415,000 Price Per SQFT: $119
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Tax Information
Annual Tax: $4838 Tax Year: 2024
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Parking Information
Parking: Uncovered/Open
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School Information
Elementary School District: 5049 - Ottumwa High School District: 5049 - Ottumwa Middle School District: 5049 - Ottumwa
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 9058 28th Street, Ottumwa, IA, 52501 | $399,999 | 2 | 2 | 1,200 | 1,200 SqFt |
| 9710 100th Avenue #6, Ottumwa, IA, 52501 | $130,000 | 1 | 1 | 770 | 770 SqFt |
| 3013 E Main Street, Ottumwa, IA, 52501 | $425,000 | 4 | 2 | 2,589 | 2,589 SqFt |
| 1212 Hutchinson Avenue, Ottumwa, IA, 52501 | $295,000 | 5 | 4 | 2,120 | 2,120 SqFt |
| 1212 Hutchinson Avenue, Ottumwa, IA, 52501 | $295,000 | 5 | 4 | 2,120 | 2,120 SqFt |
| 2 Birchwood Heights Dr., Ottumwa, IA, 52501 | $389,500 | 4 | 3 | 6,074 | 6,074 SqFt |
| 2 Birchwood Heights Dr., Ottumwa, IA, 52501 | $389,500 | 4 | 3 | 6,074 | 6,074 SqFt |
| 903 E Pennsylvania Avenue, Ottumwa, IA, 52501 | $98,500 | 3 | 1 | 982 | 982 SqFt |
| 1301 Steller Avenue, Ottumwa, IA, 52501 | $165,000 | 2 | 2 | 1,266 | 1,266 SqFt |
| 1404 N Van Buren Avenue, Ottumwa, IA, 52501 | $197,000 | 2 | 2 | 1,264 | 1,264 SqFt |
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All listings featuring the "Iowa AOR" as the source are provided by "Iowa AOR - IAMLS". This information is not verified for authenticity or accuracy and is not guaranteed.
ByOwner last updated this listing 06/08/2026 @ 17:43
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