Income-Producing Triplex
403 S 4Th Avenue E Lake Mills, IA 50450
403 S 4Th Avenue E, Lake Mills, IA, 50450
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For Sale
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Triplex with three tenant-occupied units and a 2025 boiler, plus outdoor space and a detached double garage.
Lot Size0.48 Acres
Days on Market17
Property Features for 403 S 4Th Avenue E
General Information
- Standard status
- Active
- Lot size
- 0.48 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing agency
Realty ONE Group Black Diamond
(641) 590-0465
Listed by
Marisa Koppen · License #***
Source
Crexi
Added: Jul 6 Updated: Jul 22 at 4:18AM Checked: Jul 22 at 4:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Black Diamond
Investment Insights
Based on property information with market context.
This for-sale triplex includes three rental units: two apartments on the main level consisting of an efficiency and a one-bedroom unit, along with a spacious two-bedroom apartment on the upper level. A new boiler was installed in 2025, supporting dependable building systems for future ownership.
The property sits on a 0.48-acre lot and includes a detached double garage. Utilities are currently included in the rent, which may simplify budgeting for tenants.
With three units in place, the building is set up to provide income from day one while offering room to consider operational adjustments over time.
The property sits on a 0.48-acre lot and includes a detached double garage. Utilities are currently included in the rent, which may simplify budgeting for tenants.
With three units in place, the building is set up to provide income from day one while offering room to consider operational adjustments over time.
Key Highlights
- Triplex built in 1890 with 3 tenant‑occupied units
- Includes two main‑level apartments: 1 efficiency unit and 1 one‑bedroom unit
- Upper level features a spacious two‑bedroom apartment
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three tenant-occupied units and a 2025 boiler, plus outdoor space and a detached double garage.
Where is this triplex located?
The property is located at 403 S 4Th Avenue E Lake Mills, IA.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Triplex built in 1890 with 3 tenant‑occupied units; Includes two main‑level apartments: 1 efficiency unit and 1 one‑bedroom unit; Upper level features a spacious two‑bedroom apartment
