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    Lake Mills, IA
    Residential Income

    Lake Mills, IA Residential Income Properties for Sale

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    Northwood, IA Forest City, IA Kiester, MN Walters, MN Glenville, MN Albert Lea, MN Bricelyn, MN Clear Lake, IA
    Triplex with Detached Double Garage
    Updated: Jul 6
    Triplex with Detached Double Garage

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

    $109,900
    1,811 sqft 0.48 AC lot
    Three‑unit apartment building with efficiency, one‑bedroom, and two‑bedroom layouts
    1,811 square feet on a 0.48‑acre lot
    Tenants currently in place
    Detached double garage included
    New boiler installed in 2025
    View details
    8-Unit Apartment Building
    Updated: Jun 5
    8-Unit Apartment Building

    207 S Lake Street, Lake Mills, IA 50450

    $150,000
    0.20 AC lot
    8 total apartments: six one‑bedroom units and two two‑bedroom units
    Several units feature newer flooring and paint
    Constructed in 1880
    Vinyl siding exterior
    Hot water heating system
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 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.

    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    308 S 12th Street, Clear Lake, IA 50428

    $275,000
    1,243 sqft 0.16 AC lot

    Two separate residences support owner occupancy in one unit while the other is used for rental income.

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    Four-Unit Mixed-Use Property
    Four-Unit Mixed-Use Property

    220 E 7th Street, Albert Lea, MN 56007

    $249,900
    2,800 sqft 0.16 AC lot

    A commercial space currently used for laundry service shares the property with residential units.

    View details
    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    308 S 12th Street, Clear Lake, IA 50428

    $275,000
    1,243 sqft

    Two refreshed residences offer separate layouts, updated flooring, new paint, and individual central A/C systems.

    View details
    Quadplex With Commercial Space
    Quadplex With Commercial Space

    Albert Lea, MN 56007

    $249,900

    Four-unit property with an adaptable commercial component, city licensing, dedicated parking, and updated building systems.

    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.

    Residential Buildable Lot
    Residential Buildable Lot

    114 Main St, Walters, MN 56097

    Contact for pricing
    0.23 AC lot

    Build your next home on a small residential lot with utilities available nearby in a quiet Walters community.

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    Residential Lot in Quiet Neighborhood
    Residential Lot in Quiet Neighborhood

    1629 Seath Drive, Albert Lea, MN 56007

    $35,000
    1.17 AC lot

    Residential lot in Albert Lea, Minnesota, totaling 1.174 acres.

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    Residential Land in Albert Lea
    Residential Land in Albert Lea

    1609 Country Club Road, Albert Lea, MN 56007

    $49,000
    1.06 AC lot

    1.06 acre residential land for sale in Albert Lea, MN.

    View details
    Interstate Commercial Development Land
    Interstate Commercial Development Land

    21133 775th St, Albert Lea, MN 56007

    $975,000
    6.50 AC lot

    Commercial land with IDD zoning, utility availability, and direct connectivity to Interstate 35 and East Main Street.

    View details

    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

    Estimated value:
    $280,000
    2.75 AC lot
    View details

    Lake Mills, IA Residential Income Properties Market Trends and Statistics

    Explore 3 residential income 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 $259,900.

    Sale prices for residential investment properties in Lake Mills, IA start at $109,900, averaging $129,950, and reaching up to $150,000 — 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

    Multifamily properties 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Lake Mills submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50450 $130K

    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%

    How Realmo verifies these figures

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