Derek Gates

Responds Quickly

Ottumwa IA

Ottumwa Realty

99 Closed Sales

$12.7M Total Value

$40K - $625K Price Range

$127.8K Average Price

Prior 5 years

About Derek

#1 Reason to call me if you are buying or selling, I'm great to work with and I return phone calls!

With 18 years of banking experience, I transitioned successfully to a prominent role in real estate. Formerly a branch manager at US Bank and C1st Credit Union, and most recently the Vice President of Residential Mortgage at First State Bank, I offer extensive financial expertise to clients.

My professional journey showcases a strategic mindset, keen opportunities' sense, and success in navigating both financial and real estate markets. Starting as an real estate investor, I developed skills in market analysis and sound financial decision-making, earning recognition as a shrewd investor.

Recognizing synergy between banking and investment, I transitioned to become a real estate broker. Leveraging market insights and investment strategies, I emerged as a trusted advisor for clients seeking homes and strategic real estate investments.

As a real estate broker, I seamlessly integrate financial acumen with a deep understanding of the property market. Committed to providing personalized guidance, my approach is characterized by transparency, integrity, and dedication to achieving optimal results.

I look forwarding to working for you!

Home Types: House, Manufactured, MultiFamily, Commercial, Lot/Land

Years of Experience: 7

Transaction History

1 Year
2 Year
5 Year

Seller Deals
Total Deals	21
Total Value	$2,655,026
Average Sale Price	$126,430
Price Range	$28K - $245K

Buyer Deals
Total Deals	23
Total Value	$3,280,050
Average Sale Price	$142,611
Price Range	$9K - $625K

1 Year View by Quarter

Seller Deals
Total Deals	39
Total Value	$4,616,576
Average Sale Price	$118,374
Price Range	$26K - $273K

Buyer Deals
Total Deals	37
Total Value	$4,896,550
Average Sale Price	$132,339
Price Range	$9K - $625K

2 Year View by Quarter

Seller Deals
Total Deals	54
Total Value	$6,414,076
Average Sale Price	$118,779
Price Range	$26K - $273K

Buyer Deals
Total Deals	45
Total Value	$6,239,550
Average Sale Price	$138,657
Price Range	$9K - $625K

5 Year View

Neighborhoods Derek is Experienced In

Derek's Recent Active Listings

$125,000
- 2 Beds
- 1 Bath
- 1,102 Sq Ft
907 Locust St

Ottumwa, IA
Move-in ready and beautifully updated! This charming home features numerous recent improvements completed within the last 6 months, including newer roofing, gutters, flooring, interior paint, kitchen sink, and toilet. The spacious kitchen offers abundant cabinetry, updated countertops, and a stylish backsplash, opening into bright living spaces with modern flooring throughout. The updated

Derek Gates Ottumwa Realty

$138,000
- 3 Beds
- 1 Bath
- 1,008 Sq Ft
535 Osceola St

Ottumwa, IA
Welcome to this charming and thoughtfully updated 3-bedroom home perfectly situated in one of Ottumwa’s most convenient neighborhoods. From the moment you arrive, you’ll notice the pride of ownership throughout, from the fresh curb appeal to the brand-new roof installed in 2025. Step inside and discover a comfortable, move-in-ready layout featuring modern updates throughout while maintaining a

Derek Gates Ottumwa Realty

$150,000
- 2 Beds
- 1 Bath
- 1,278 Sq Ft
205 Vogel Ave

Ottumwa, IA
Welcome to this charming 2-bedroom, 1-bath residence offering 1,278 sq. ft. of inviting living space. From the spacious dining room perfect for meals to the full basement with plenty of storage, this home combines comfort and practicality. Step outside to a fenced backyard, ideal for outdoor activities or letting pets roam safely. The detached 1-car garage adds convenience and extra space.

Derek Gates Ottumwa Realty

$185,000
- 4 Beds
- 2 Baths
- 1,704 Sq Ft
746 Lake Rd

Ottumwa, IA
Let me guess... you’ve been waiting for something with a little land, a great view, and still close to town? Yeah—so has everyone else. Sitting on 1.89 acres on the edge of town, this 3–4 bedroom 1.5 baths split-level checks the boxes buyers keep asking for. The lower level gives you options—use it as a bedroom, second living space, or whatever fits your setup. And let’s talk about that

Derek Gates Ottumwa Realty

$75,000
- 1,967 Sq Ft
2310 E Main St

Ottumwa, IA
Ring.... ring... Its not a spam call. That’s right—we’re calling all investors. This up/down duplex is your chance to step into a cash-flow opportunity with upside. Featuring two 2-bedroom, 1-bath units with tenants paying all utilities, this property keeps expenses low and returns strong. Current rents are below fair market value, leaving room for increased income and improved ROI. Located close

Derek Gates Ottumwa Realty

$349,000
- 3 Beds
- 2 Baths
- 2,344 Sq Ft
12655 Iowa 149

Ottumwa, IA
Enjoy the best of both worlds with this close-in rural property offering a peaceful setting and the convenience of town—plus the benefit of lower county taxes. This well-maintained, move-in ready home shows pride of ownership throughout. The main level features a bright kitchen with Corian countertops, quality cabinetry, built-in range top, double ovens, and tile backsplash, along with a

Derek Gates Ottumwa Realty

$199,000
- 3 Beds
- 2 Baths
- 1,608 Sq Ft
169 W Alta Vista Ave

Ottumwa, IA
What the hail just happened? No worries—this one’s getting a brand new roof and siding, so you can skip the stress and enjoy the upgrade. Located on a quiet dead-end road in a desirable North Side neighborhood, this 3-bedroom, 1.5-bath home offers 1,608 sq. ft. of space and comfort. Inside, you’ll find a large living room with a cozy wood-burning fireplace, a separate dining room, and a kitchen

Derek Gates Ottumwa Realty

$162,000
- 2 Beds
- 2 Baths
- 1,232 Sq Ft
324 Elmdale Ave

Ottumwa, IA
Recently updated ranch home located on Ottumwa’s desirable north side in the Elmdale area, just minutes from Indian Hills Community College. This home features a spacious living room with a fireplace, an eat-in kitchen, and two full bathrooms. The layout includes two bedrooms plus an additional room that works well as a home office, nursery, or potential third bedroom. Recent improvements include

Derek Gates Ottumwa Realty

$165,000
- 4 Beds
- 2 Baths
- 1,092 Sq Ft
9 Kingsley Dr

Ottumwa, IA
Welcome to this well-maintained ranch home in Ottumwa’s desirable Kingsley neighborhood on the south side. Offering nearly 2,000 finished square feet of living space, this home provides a comfortable layout with room to grow. The main level features a spacious living room filled with natural light, perfect for relaxing or hosting guests. The eat-in kitchen offers plenty of cabinet space and room

Derek Gates Ottumwa Realty

Recently Sold

$160,000

Sold Jun 5, 2026
- 3 Beds
- 2 Baths
- 1,652 Sq Ft
505 S Pine St

Bloomfield, IA
- 3% Below List
- $97/SF
- 4 Days On Market
- Current Est. Value $162K
Derek Gates Ottumwa Realty

$193,000

Sold May 29, 2026
- 4 Beds
- 3 Baths
- 1,238 Sq Ft
311 S D St

Albia, IA
- 14% Below List
- $156/SF
- 168 Days On Market
- Current Est. Value $188K
Derek Gates Ottumwa Realty

$57,000

Sold May 22, 2026
- 2 Beds
- 1 Bath
- 906 Sq Ft
612 Clinton Ave

Ottumwa, IA
- 24% Below List
- $63/SF
- 192 Days On Market
- Current Est. Value $64K
Derek Gates Ottumwa Realty

$245,000

Sold May 21, 2026
- 4 Beds
- 2 Baths
- 1,364 Sq Ft
125 W Alta Vista Ave

Ottumwa, IA
- 5% Below List
- $180/SF
- 76 Days On Market
- Current Est. Value $227K
Derek Gates Ottumwa Realty

$72,000

Sold May 7, 2026
- 3 Beds
- 1 Bath
- 1,571 Sq Ft
1401 W Finley Ave

Ottumwa, IA
- 45% Below List
- $46/SF
- 181 Days On Market
- Current Est. Value $130K
Derek Gates Ottumwa Realty

$161,000

Sold Apr 24, 2026
- 4 Beds
- 2 Baths
- 1,824 Sq Ft
1441 Casa Blanca Ln

Ottumwa, IA
- 8% Below List
- $88/SF
- 157 Days On Market
- Current Est. Value $158K
Derek Gates Ottumwa Realty

$115,000

Sold Apr 21, 2026
- 3 Beds
- 1 Bath
- 890 Sq Ft
727 Mckinley Ave

Ottumwa, IA
- 8% Below List
- $129/SF
- 85 Days On Market
- Current Est. Value $115K
Derek Gates Ottumwa Realty

$45,000

Sold Apr 1, 2026
- 2 Beds
- 2 Baths
- 870 Sq Ft
912 E 4th St

Ottumwa, IA
- 10% Below List
- $52/SF
- 16 Days On Market
- Current Est. Value $52K
Derek Gates Ottumwa Realty

$45,000

Sold Feb 9, 2026
- 2 Beds
- 1 Bath
- 746 Sq Ft
902 Clinton Ave

Ottumwa, IA
- 18% Below List
- $60/SF
- 9 Days On Market
- Current Est. Value $44K
Derek Gates Ottumwa Realty

Other Experience

Distressed Properties, First Time Home Buyers, Foreclosures, Investments

Agent License: Iowa ***

Derek Gates

(641) 276-6027

Ottumwa Realty

Responds Quickly

(641) 276-6027

Homes for Sale by City

Derek Gates

About Derek

Transaction History

Seller Deals

Buyer Deals

Production Over Time

1 Year View by Quarter

Seller Deals

Buyer Deals

Production Over Time

2 Year View by Quarter

Seller Deals

Buyer Deals

Production Over Time

5 Year View

Neighborhoods Derek is Experienced In

Derek's Listings and Deals

Derek's Recent Active Listings

Recently Sold

Other Experience