Triplex Income Property with
403 S 4Th Avenue E Lake Mills, IA 50450
403 S 4Th Avenue E, Lake Mills, IA, 50450
$109,900
For Sale
$109,900
MULTI_FAMILY - Lake Mills, IA
Property Size1,811 SF
Lot Size0.48 Acres
Price / SF$60.68
Days on Market18
Property Features for 403 S 4Th Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Basement
- Full
- 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
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 Updated: Jul 18 at 3:59AM Checked: Jul 23 at 6:06AM
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 triplex includes three rental units: two apartments on the main level—an efficiency unit and a one-bedroom unit—and a spacious two-bedroom apartment on the upper level. The property sits on a 0.48-acre lot and features a detached double garage that has not previously been used by tenants, offering flexibility for storage or other future use. A new boiler was installed in 2025.
The building is located at 403 S 4Th Avenue E in Lake Mills, Iowa, within Winnebago County. The site includes outdoor space tied to the generous lot size, supporting tenant use of common outdoor areas.
Designed for buyers seeking an income-producing residential property, the triplex is currently occupied with tenants in place, providing rental income immediately. With utilities currently included in the rent, day-to-day operations may be simplified for an owner. The presence of multiple unit types can also support tenant mix, and the garage offers an additional on-site improvement that may be considered for future functionality depending on the buyer’s plans.
The building is located at 403 S 4Th Avenue E in Lake Mills, Iowa, within Winnebago County. The site includes outdoor space tied to the generous lot size, supporting tenant use of common outdoor areas.
Designed for buyers seeking an income-producing residential property, the triplex is currently occupied with tenants in place, providing rental income immediately. With utilities currently included in the rent, day-to-day operations may be simplified for an owner. The presence of multiple unit types can also support tenant mix, and the garage offers an additional on-site improvement that may be considered for future functionality depending on the buyer’s plans.
Key Highlights
- Triplex built in 1890 with slate and wood siding
- 3 units total: two main‑level apartments (efficiency and 1‑bedroom) plus a spacious upper‑level 2‑bedroom
- New boiler installed in 2025
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three-unit triplex with two main-level apartments and a two-bedroom upper unit, plus 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 slate and wood siding; 3 units total: two main‑level apartments (efficiency and 1‑bedroom) plus a spacious upper‑level 2‑bedroom; New boiler installed in 2025
