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Duplex Property with Attached Garage
For Sale
$69,900
Pending

416 Elm Street S, Lamoni, IA 50140

Residential Income, Lamoni, IA

Property SizeContact for details
Lot Size0.48 Acres
Days on Market245

Property Features for 416 Elm Street S

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Mixed Use
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 4
High school district 000000
Standard status Pending
APN LA/LA-000.000-0007-002.000
Lot size 0.48 Acres

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1890
Flooring type Laminate
Roof type Metal
Listing Agency: The Real Estate Store
Listed By: Ruth Bolinger
Added: Dec 30, 2025 Changed: Aug 27 Last Checked: Sep 1 at 2:06AM
MLS# 11622897

Copyright © 2026 My State 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 duplex property at 416 Elm Street S includes a main level with two bedrooms, an updated kitchen with appliances, dining and living areas, a half bath, and washer and dryer hookups. The upper level contains a two-bedroom area with a kitchenette and full bath, plus a separate large room with a walk-in closet and full bath. A laundry area separates the upper-level spaces. Multiple meters and entries support the existing configuration, while the attached double garage adds storage options. The property also includes a 0.48-acre lot with room for parking and recreational use.

Built in 1890, the home has laminate flooring, forced-air heating, a metal roof, and public water service. HVAC and water-heater work are identified as needed.

Key Highlights

  • 0.48‑acre lot with space for parking and recreational use
  • Main level includes 2 bedrooms, updated kitchen, dining and living areas, and a half bath
  • Upper level includes a 2‑bedroom area with kitchenette and full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Pharmacy Auto Repair Shop Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

142
Businesses Nearby

Demographics for 50140, IA

2,503
Population
1,209
Households
2.1
Avg Household Size
31
Median Age
48%
College-Educated
89%
High-School Grad
92.7 sq mi
ZIP Area
27
Density / Sq Mi
$54,000
Median Household Income
$28,409
Median Earnings
$715
Median Rent
$120,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-level layout offers flexible living arrangements, multiple entries, and additional storage capacity.
Where is this duplex located?
The property is located at 416 Elm Street S Lamoni, IA.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: 0.48‑acre lot with space for parking and recreational use; Main level includes 2 bedrooms, updated kitchen, dining and living areas, and a half bath; Upper level includes a 2‑bedroom area with kitchenette and full bath
More about this property
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