Triplex with Detached Double
For Sale
$109,900
403 S 4Th Avenue E, Lake Mills, IA 50450
Residential Income, Lake Mills, IA
Property Size1,811 SF
Lot Size0.48 Acres
Price / SF$60.68
Days on Market84
Property Features for 403 S 4Th Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Basement
Full
Subdivision
LM SUBDIV E 7 AC SE SW 2-99-23
Directions
NE of front entrance of school
Standard status
Active
APN
0802385032
Size
1,811 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
02 99 23 LOT 4 AUD RESURVEY OF LOTS 1 THRU 11 SUBD OF E 7 ACRES OF SE SW 2 99 23
Tax Annual Amount
1782
Legal Description
02 99 23 LOT 4 AUD RESURVEY OF LOTS 1 THRU 11 SUBD OF E 7 ACRES OF SE SW 2 99 23
Utilities
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1890
Floors in Building
1
Number of units
3
Building materials
Wood Siding, Slate
Listing Agency:
Realty ONE Group Black Diamond
(641) 592-2665
Listed By:
Marisa Koppen · License #***
(641) 590-0465
Added: Jul 6
Changed: Sep 23
Last Checked: Sep 27 at 11:06PM
MLS# 6340028
Copyright © 2026 NoCoast MLS. 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.
This 1,811-square-foot triplex contains three apartments: an efficiency and a one-bedroom unit on the main level, plus a two-bedroom apartment upstairs. Tenants are already in place, and the property includes a detached double garage that provides additional storage space. A new boiler was installed in 2025, while hot-water heating serves the building.
The property occupies a 0.48-acre lot in Lake Mills, Iowa, providing outdoor area for residents. Public water serves the property, and utilities are currently included in the rent. Built in 1890, the building features wood siding and slate elements, combining a historic construction date with updated heating equipment.
The property occupies a 0.48-acre lot in Lake Mills, Iowa, providing outdoor area for residents. Public water serves the property, and utilities are currently included in the rent. Built in 1890, the building features wood siding and slate elements, combining a historic construction date with updated heating equipment.
Key Highlights
- Three‑unit apartment building with efficiency, one‑bedroom, and two‑bedroom layouts
- 1,811 square feet on a 0.48‑acre lot
- Tenants currently in place
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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Business Placement
Demographics for 50450, IA
2,827
Population
1,489
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
96%
High-School Grad
84.5 sq mi
ZIP Area
33
Density / Sq Mi
$76,522
Median Household Income
$42,475
Median Earnings
$640
Median Rent
$157,500
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 - Occupied triplex with varied apartment layouts, outdoor space, and a recently installed boiler.
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: Three‑unit apartment building with efficiency, one‑bedroom, and two‑bedroom layouts; 1,811 square feet on a 0.48‑acre lot; Tenants currently in place
