Updated Duplex with Independent
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 Market4
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
Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4
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 25
Last Checked: Sep 25 at 9:06PM
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 two-unit residential property contains a three-bedroom residence and a four-bedroom residence. The interiors have been updated, and each unit is equipped with its own furnace, central air conditioning, and water heater. Tenants are responsible for all utilities. The building contains 3,030 square feet on a 0.21-acre lot and dates to 1920.
The property is a few blocks from downtown LeMars, with access to Highway 75. Residential zoning is identified for the site.
The property is a few blocks from downtown LeMars, with access to Highway 75. Residential zoning is identified for the site.
Key Highlights
- Two‑unit property with three‑bedroom and four‑bedroom residences
- 3,030 square feet on a 0.21‑acre lot
- Separate furnace, central air, and water heater for 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 - Both residences have their own heating, cooling, and water-heating equipment, and tenants pay all utilities.
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‑unit property with three‑bedroom and four‑bedroom residences; 3,030 square feet on a 0.21‑acre lot; Separate furnace, central air, and water heater for each unit
