Description

9854 & 9866 F Ave, Wapello, IA 52653 | Louisa County, IA
Fully Furnished | Renovated | Super Host Status | 0.5 Acres Total

A Year-Round Waterfront Escape with Income Potential

This renovated Lake Odessa cabin offers a rare blend of lifestyle, recreation, and short-term rental income. Positioned just steps from the water on a double lot, it’s ideal for family summer getaways, serious duck hunters, ice fishing weekends, or spring catfish and bass trips into the Mississippi River. Whether you plan to use it as a personal basecamp or continue its already-successful run as a short-term rental, the setup is turnkey and flexible.

Move-In Ready and Fully Furnished

The 752 square foot cabin includes two bedrooms, one bathroom, and a full kitchen—all updated and fully furnished. The layout sleeps multiple guests comfortably with a queen bed, bunk beds, and a large futon in the living area. Recent renovations include new flooring, fresh paint throughout, a fully remodeled bathroom, upgraded kitchen counters and sink, a new refrigerator, and a brand-new mini-split system for efficient heating and cooling.

Outside, a spacious 668 square foot deck faces the water—ideal for relaxing evenings or entertaining after a day outdoors. The home is part of a low-dues HOA that covers access maintenance and shared area upkeep.

Summer: Swim, Boat, Relax

Summer days at this property are all about the water. Just a few steps from the shoreline of Lake Odessa, this cabin provides immediate access for boating, swimming, or paddling. Spend your weekends exploring the lake, grilling out on the deck, or visiting nearby local favorites like Ship’s Place, just a short walk away. The double lot offers additional room for parking, outdoor games, gardening, or even an additional structure.

Fall: Hunt from Your Front Door

For waterfowl hunters, the location is unmatched. The cabin sits on the Lake Odessa WMA side of the lake, south of the refuge—placing you just a couple hundred yards from the boat ramp. Launch in the early morning and beach your boat right by the cabin when done. This property eliminates long pre-dawn drives and crowded ramps. It’s an ideal setup for serious duck hunters looking to hunt more often and more efficiently.

Winter: Ice Fishing Access

When the temperatures drop and the lake freezes, this cabin transitions seamlessly into an ice fishing base. Load your gear from the cabin to the shoreline with ease and spend your winter weekends targeting panfish and walleye. After a long day on the ice, return to a fully insulated, heated cabin for a hot meal and a warm bed. The second lot provides room to store your ice shack or additional gear between seasons.

Spring: River Fishing Opportunities

As ice-out gives way to spring, Lake Odessa flows directly into the Mississippi River, offering fast access to excellent fishing opportunities. From catfish and bass to early-season crappie, this is a high-traffic fishery and a great seasonal transition for both hobbyists and serious anglers.

Rental Income: Super Host on Airbnb

In addition to personal use, the property is already producing steady income. Since being listed as a short-term rental, in just several months it has booked over 60 nights and earned Super Host status—proof of both guest satisfaction and strong demand. There is also multiple bookings for summer 2026 already. Compared to local rental comps, this cabin stands out thanks to its waterfront location, clean interior, and year-round appeal. The additional lot could be developed into a second income stream via a tiny home, detached suite, or additional parking and storage to support rental guests.

Property Details

Address: 9854 & 9866 F Ave, Wapello, IA 52653
Township: Port Louisa (STR 20/74/2)
Parcels: 0920101036 and 0920101104
Zoning: Residential
Total Lot Size: Two adjoining parcels (approx. 0.25 acres)
Living Space: 752 sq ft
Deck Size: 668 sq ft
Bedrooms: 2
Bathrooms: 1
HOA Fee: $100/year
2024 Taxes: $914

To schedule your private showing, contact Chris Janis, Eastern Iowa Land Specialist with KILOTERRA. Chris works with buyers and sellers of land across Iowa, with a focus on hunting properties, income-producing farms, and rural acreages or investment opportunities. Call (319) 343-1468 or email Christopher.janis@kiloterra.com

Directions: Contact the Land Specialist for the best directions.

From Wapello, head south on Highway 61 for approximately 3.5 miles. Turn east onto 65th Street, continue on County Road X61, and follow 70th Street to F Avenue. The property is located at the southeast corner of the Lake Odessa cabin area, just west of the boat launch.