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 Market64
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
Slate, Wood Siding
Listing Agency:
Realty ONE Group Black Diamond
(641) 592-2665
Listed By:
Marisa Koppen · License #***
(641) 590-0465
Added: Jul 6
Changed: Sep 7
Last Checked: Sep 7 at 8:06PM
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 arranged across two levels. The main floor includes an efficiency unit and a one-bedroom apartment, while the upper level provides a two-bedroom unit. Tenants are in place, and utilities are included in rent. A hot-water heating system serves the building, and a new boiler was installed in 2025.
The property sits on a 0.48-acre lot in Lake Mills, Iowa. A detached double garage provides additional storage space and has not previously been used by tenants. The building was constructed in 1890 and features wood siding and slate construction materials, with public water service.
The property sits on a 0.48-acre lot in Lake Mills, Iowa. A detached double garage provides additional storage space and has not previously been used by tenants. The building was constructed in 1890 and features wood siding and slate construction materials, with public water service.
Key Highlights
- Three‑unit layout: efficiency, one‑bedroom, and two‑bedroom apartments
- 1,811 square feet of building area on a 0.48‑acre lot
- Tenants in place with all utilities included in rent
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments with shared utilities and outdoor space on a 0.48-acre lot.
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 layout: efficiency, one‑bedroom, and two‑bedroom apartments; 1,811 square feet of building area on a 0.48‑acre lot; Tenants in place with all utilities included in rent
