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    Lake Mills, IA
    Multifamily

    Lake Mills, IA Multifamily Properties for Sale

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    Northwood, IA Kiester, MN Thompson, IA Forest City, IA Walters, MN Glenville, MN Albert Lea, MN Alden, MN
    Triplex Income Property with Garage
    Updated: Jul 6
    Triplex Income Property with Garage

    403 S 4Th Avenue E, Lake Mills, IA 50450

    $109,900
    1,811 sqft 0.48 AC lot
    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
    0.48‑acre lot with outdoor space plus a detached double garage
    Public water service; utilities are currently included in the rent
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Mills, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Side-by-Side Duplex with Attached Garages
    Side-by-Side Duplex with Attached Garages

    1012-1018 Wealthy Street, Albert Lea, MN 56007

    $249,900
    2,080 sqft 2.00 AC lot

    Two mirrored units offer flexible living options with in-unit laundry hookups and separate utilities.

    View details
    4-Plex with On-Site Commercial Space
    4-Plex with On-Site Commercial Space

    220 E 7th Street, Albert Lea, MN 56007

    $249,900
    2,800 sqft 0.16 AC lot

    Four-plex featuring residential units and a commercial laundry space, with recent renovations including a new roof and siding.

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    Remodeled Duplex Near Clear Lake
    Remodeled Duplex Near Clear Lake

    11 Sunset View Drive, Clear Lake, IA 50428

    $450,000
    2,818 sqft 0.26 AC lot

    Turnkey duplex near Clear Lake's entertainment and downtown district.

    View details
    Remodeled Duplex with Two Garages
    Remodeled Duplex with Two Garages

    805 805 1/2 W 10th Av N Street, Clear Lake, IA 50428

    $268,500
    1,308 sqft 0.28 AC lot

    Fully remodeled duplex with updated interiors and each unit featuring dedicated garage parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Development Land Off Freeway
    Development Land Off Freeway

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

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    Buildable Residential Lot with Pines
    Buildable Residential Lot with Pines

    Bollig Court lot: 2, Nekoosa, WI 54457

    $35,000
    2.45 AC lot

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

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    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

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    Off-Market Properties in Lake Mills, IA

    Consider similar Off-Market properties in Lake Mills, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    704 Lk St
    MOBILE HOME PARK, TRAILER PARK

    704 Lk St, Lake Mills, IA 50450-1032

    Value Estimation by Request
    2.75 AC lot
    View details

    Lake Mills, IA Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Lake Mills, IA on our real estate platform. These investment opportunities span a total of 1,811 square feet of properties for sale, with an estimated market value of $109,900.

    Sale prices for multifamily properties in Lake Mills, IA start at $109,900, averaging $109,900, and reaching up to $109,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 1

    Demographics Overview

    Population 3,001
    Population Growth (5Y) +10.9%
    Median Household Income $76,522
    College Educated 23.2%

    Taxes & Financing

    Tax Rate (average for all types) 2.47%
    Property Tax per SF $24.95 per SF
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Lake Mills, IA

    • 50450

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