Under $75K Thursday – c.1900 Iowa Home For Sale Under $69K
$68,750
So much character is still evident in this once elegant Iowa home that sits on a large corner lot next to the school. This four-bedroom, one-bath features a beautiful formal staircase as you walk in the front door. French doors, hardwood floors, beautiful staircase, fireplace with flanking bookcases and original windows are highlights of this home.

Realtor Comments
- 4bed
- 1bath
- 1,936sqft
- 9,148sqft lot
- Circa 1900

702 Franklin St, Wapello, IA 52653 $68,750
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
- Contact Realtor: Connie Larsen
Brokered by RE/MAX Affiliates
- Google Map
- Niche



Location of This Iowa Home
Wapello, Iowa, is a small town located in southeastern Iowa, with a population of around 2,000 people. It offers a rural, peaceful environment and a slower pace of life, but like any place, it has both pros and cons. Here’s a breakdown of what you might consider when thinking about living in or visiting Wapello:
Pros:
- Affordable Cost of Living:
- Wapello, like many small towns, has a very low cost of living. Housing is especially affordable, whether you’re renting or buying a home. Property taxes are also typically lower than in larger cities, making it an appealing option for those looking to live frugally or retire comfortably.
- Quiet, Small-Town Lifestyle:
- If you’re seeking peace and solitude, Wapello offers a relaxed, slower pace of life. The lack of noise, traffic, and stress is a significant draw for people who want to escape the hustle and bustle of larger urban centers.
- Close-Knit Community:
- Wapello has a tight-knit community where people often know each other, creating a sense of camaraderie. Small-town events, local gatherings, and festivals like the annual Wapello Community Day help foster this close community feel.
- Access to Outdoor Activities:
- Wapello is situated in a rural, natural setting, with access to outdoor activities like fishing, hunting, hiking, and boating. The nearby Des Moines River offers recreational opportunities, and there are several parks and nature areas around the region, including Wapello County Park and Big Hollow Recreation Area.
- Proximity to Larger Cities:
- Wapello is about an hour’s drive from larger cities like Ottumwa (the regional hub), and about two hours from Des Moines. This means you can access more significant amenities, healthcare, shopping, and entertainment options without living in a larger, more crowded city.
- Low Crime Rate:
- As a small town, Wapello has a relatively low crime rate, contributing to a sense of safety and security. The community-focused environment also adds to the general feeling of safety.
- Quality of Life:
- Wapello offers a peaceful and clean environment, which can be beneficial for families, retirees, or those who simply prefer quieter living. The quality of life is high in terms of air quality, low congestion, and a slower-paced lifestyle.
- Agricultural Community:
- Iowa’s agricultural industry plays a large role in the local economy, and Wapello is no exception. For those who appreciate rural life and have ties to agriculture, Wapello offers a strong sense of connection to the land and farming communities.
Cons:
- Limited Job Opportunities:
- One of the biggest challenges of living in Wapello is the limited job market. While there are some local businesses and agricultural opportunities, specialized or higher-paying jobs may be harder to come by. Many residents commute to nearby cities like Ottumwa or Des Moines for work.
- Lack of Amenities & Entertainment:
- As a small town, Wapello lacks the variety of entertainment, dining, shopping, and cultural amenities found in larger cities. There are a few local restaurants and shops, but for more options—like shopping malls, diverse dining, or cultural activities—residents would need to drive to nearby towns.
- Public Transportation:
- Public transportation is very limited in Wapello, so owning a car is necessary for getting around. For individuals who don’t drive or prefer not to own a vehicle, this can be an inconvenience.
- Weather Extremes:
- Iowa’s weather can be harsh. Winters are cold and snowy, with temperatures often dipping below freezing. Summers can also be hot and humid. Those who aren’t accustomed to extreme seasonal changes may find the weather challenging.
- Limited Healthcare & Services:
- While Wapello has basic healthcare services, it lacks larger hospitals or specialized medical care. For more advanced medical treatments or a wider range of healthcare services, residents may need to travel to larger cities like Ottumwa or Des Moines.
- Population Decline:
- Like many rural areas, Wapello has experienced some population decline over the years, which can affect community vitality and economic stability. A shrinking population can lead to fewer local businesses, fewer educational opportunities, and a reduction in services.
- Isolation:
- Wapello’s rural setting can feel isolating to some people, especially those used to the amenities and social opportunities of a larger city. If you thrive on cultural events, nightlife, or diverse social circles, you may find Wapello somewhat limited in that regard.
- Education Options:
- While Wapello has a public school system, its options may be more limited compared to schools in larger towns or cities. Families looking for specialized education programs, extracurricular activities, or greater academic resources may need to look elsewhere.
Conclusion:
Wapello, Iowa, is a peaceful, small town that offers affordable living, a close-knit community, and access to outdoor activities. It’s an attractive option for those who value quiet, rural living and proximity to nature. However, the town’s limited job opportunities, amenities, and entertainment options may not suit everyone, particularly younger people or professionals seeking more dynamic lifestyles. If you appreciate a slower pace of life and are comfortable with the rural setting, Wapello can be a great place to call home. But for those used to a more fast-paced, urban environment, the town might feel too quiet or isolated.













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