Waterfront Triplex on Mill
408 W Lake Street Lake Mills, WI 53551
For Sale
$490,000
MULTI_FAMILY - Lake Mills, WI
Lot Size0.58 Acres
Days on Market28
Property Features for 408 W Lake Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3
Appliances
3
Standard status
Active
APN
246-0713-1411-032
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5174
Utilities
Heating system
Forced Air
Water front features
Lake, Waterfront
Water front
1
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Listing Agency:
EXP Realty, LLC
(866) 848-6990
Listed By:
Laura Staude Flood
(920) 988-9767
Added: Jul 2
Changed: Jul 29
Last Checked: Jul 29 at 9:06PM
MLS# 2025197
Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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 tri-plex offers a three-unit multifamily configuration, currently operating as a 3-unit residential income property. The vacant unit has been recently updated, providing the option to move in with income from tenants in place or to lease it for continued rental performance.
The property sits on the Mill Pond with direct access to Rock Lake and is described as being just a couple of blocks from downtown Lake Mills and Bartels Beach.
Set on an oversized lot of 0.58 acres, the home also presents an owner-occupied option, with the potential for redevelopment into a single-family home noted in the remarks.
The property sits on the Mill Pond with direct access to Rock Lake and is described as being just a couple of blocks from downtown Lake Mills and Bartels Beach.
Set on an oversized lot of 0.58 acres, the home also presents an owner-occupied option, with the potential for redevelopment into a single-family home noted in the remarks.
Key Highlights
- Lake Mills waterfront property on Mill Pond with direct access to Rock Lake
- Operating as a 3‑unit multifamily (tri‑plex) with strong rental history
- Vacant unit has been recently updated, offering move‑in readiness
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit tri-plex on Mill Pond with direct access to Rock Lake and a recently updated vacant unit.
Where is this triplex located?
The property is located at 408 W Lake Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Lake Mills waterfront property on Mill Pond with direct access to Rock Lake; Operating as a 3‑unit multifamily (tri‑plex) with strong rental history; Vacant unit has been recently updated, offering move‑in readiness
