Two-Unit Duplex with Central
New
For Sale
$325,000
426 1ST ST SW, Le Mars, IA 51031
Multi-Unit, LeMars, IA
Property Size3,030 SF
Lot Size0.21 Acres
Price / SF$107.26
Days on Market7
Property Features for 426 1ST ST SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 7
Directions
maps
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
12-16-107-001
Size
3,030 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 1/2 LOTS 11-12 BLK 90 LE MARS
Tax Annual Amount
1185
Legal Description
W 1/2 LOTS 11-12 BLK 90 LE MARS
Utilities
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Sep 22
Changed: Sep 28
Last Checked: Sep 28 at 5:06AM
MLS# 834780
Copyright © 2026 Northwest Iowa Regional Board of Realtors. 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 contains two residences: one with three bedrooms and another with four. The 3,030-square-foot property was built in 1920 and sits on a 0.21-acre lot. Both units have central air, and each has a separate furnace and water heater.
The property is in LeMars, Iowa, a few blocks from downtown, with access to Highway 75. It is zoned residential. The duplex is fully occupied, and the tenants pay their own utilities.
The property is in LeMars, Iowa, a few blocks from downtown, with access to Highway 75. It is zoned residential. The duplex is fully occupied, and the tenants pay their own utilities.
Key Highlights
- Two units: one 3‑bedroom residence and one 4‑bedroom residence
- 3,030 square feet on a 0.21‑acre lot
- Separate furnace and water heater in each unit
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 51031, IA
12,960
Population
5,443
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
234.1 sq mi
ZIP Area
55
Density / Sq Mi
$74,978
Median Household Income
$47,035
Median Earnings
$903
Median Rent
$208,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate heating and water-heating equipment serves each residence, with utilities paid by tenants.
Where is this duplex located?
The property is located at 426 1ST ST SW Le Mars, IA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units: one 3‑bedroom residence and one 4‑bedroom residence; 3,030 square feet on a 0.21‑acre lot; Separate furnace and water heater in each unit
