# 328 E Main Street, Ottumwa, IA 52501

> **TL;DR:** 2bd/1ba single family, $335,000 ($127/sqft), built 1880, 2,640 sqft.
> A/C. Est. $1,452/mo. Listed 88 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $335,000 |
| Price/sqft | $127 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 2,640 |
| Year Built | 1880 |
| Lot Size | 3,267 sqft (0.07 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 88 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,452 |
| **Total** | **$1,452** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1880
- 0.07 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 328 E Main Street, Ottumwa, IA 52501
- **County:** Wapello
- **Coordinates:** 41.015443, -92.409719
- **Google Maps:** https://www.google.com/maps?q=41.015443,-92.409719

## Listing Agent

- **Name:** Trisha Rea
- **Brokerage:** Bridge City Realty
- **Phone:** 6416804274
- **Email:** trisha@bridgecityrealty.com

## Primary Photo

![328 E Main Street - Primary Photo](http://lh.rdcpix.com/a19fb5c733c065f51998955e2064df8bl-f3108473078r.jpg)

*50 total photos available on [listing page](https://www.propertysimple.com/listing/328-e-main-street-ottumwa-ia-52501-6336940)*

---

**MLS#:** 6336940 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/328-e-main-street-ottumwa-ia-52501-6336940)

---

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