403 S 4Th Avenue E Lake Mills, IA 50450

Building Details

Year Built

1890

Listing agency Realty ONE Group Black Diamond m***@rogblackdiamond.com Show Phone

Listed by Marisa Koppen · License #***

Source Crexi

Added: Jul 6 Updated: Jul 22 at 4:18AM Checked: Jul 23 at 5:50AM

Report an Issue

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.

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

Similar For Sale Nearby

• 

  $109,900

  1,811 SF

  Triplex Income Property with Garage

  Three-unit triplex with two main-level apartments and a two-bedroom upper unit, plus a detached double garage.

  403 S 4Th Avenue E, Lake Mills, IA 50450

  View Details
• 

  $165,000

  8-Plex Residential Income Property

  8-plex rental property with six one-bedroom and two two-bedroom apartments, with select units updated with newer flooring and paint.

  207 S Lake Street, Lake Mills, IA 50450

  View Details

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