Triplex with Waterfront
For Sale
$480,000
408 W Lake Street, Lake Mills, WI 53551
Multi Family, Lake Mills, WI
Property SizeContact for details
Lot Size0.58 Acres
Days on Market66
Property Features for 408 W Lake Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1
Appliances
3
Elementary school
Lake Mills
Middle school
Lake Mills
High school
Lake Mills
Elementary school district
Lake Mills Area
Middle school district
Lake Mills Area
High school district
Lake Mills Area
Directions
I94 to Lake Mills, S on Hwy 89 (Main St), to right on West Lake St.
Subdivision
LAKE MILLS - C
Standard status
Active
APN
246-0713-1411-032
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5174
Utilities
Heating system
Forced Air
Water front features
Lake, Waterfront
Water front
1
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Listing Agency:
EXP Realty, LLC
(866) 848-6990
Listed By:
Laura Staude Flood
(920) 988-9767
Added: Jul 11
Changed: Sep 14
Last Checked: Sep 14 at 10:06AM
MLS# 2025197
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 408 W Lake Street in Lake Mills, this three-unit multifamily property sits on a 0.58-acre residentially zoned parcel. The building dates to 1890 and includes forced-air heating. One unit is vacant and has been recently updated, while the property is configured for continued multifamily use.
The property fronts the Mill Pond and provides direct access to Rock Lake. Downtown Lake Mills and Bartels Beach are both a couple of blocks away, placing the property near established local amenities while retaining a waterfront setting. The site combines a three-unit layout, a substantial lot, and lake-oriented outdoor surroundings.
The property fronts the Mill Pond and provides direct access to Rock Lake. Downtown Lake Mills and Bartels Beach are both a couple of blocks away, placing the property near established local amenities while retaining a waterfront setting. The site combines a three-unit layout, a substantial lot, and lake-oriented outdoor surroundings.
Key Highlights
- Three‑unit multifamily property on a 0.58‑acre lot
- Waterfront setting on the Mill Pond with direct access to Rock Lake
- Residential zoning designation: Res
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 53551, WI
8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with an updated vacant unit and direct water access near downtown Lake Mills.
Where is this triplex located?
The property is located at 408 W Lake Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Three‑unit multifamily property on a 0.58‑acre lot; Waterfront setting on the Mill Pond with direct access to Rock Lake; Residential zoning designation: Res
