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    Lake Mills, IA
    Triplex

    Lake Mills, IA Triplexes 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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Mills, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    8-Bed Triplex with Leased Units
    8-Bed Triplex with Leased Units

    1035 Thompson Ravine Road, Mankato, MN 56001

    $419,000
    3,760 sqft 1.39 AC lot

    Fully leased 8-bedroom triplex with tenant-paid utilities and recent interior updates, suitable for steady rental income.

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    Mankato Triplex: Investment Opportunity
    Mankato Triplex: Investment Opportunity

    1104 N 5th Street, Mankato, MN 56001

    $280,000
    1,225 sqft 0.24 AC lot

    Cash-flowing triplex in Mankato with established rental income.

    View details
    Triplex with Detached 3-Car Garage
    Triplex with Detached 3-Car Garage

    810 W 2nd Street, Waterloo, IA 50701

    $100,000
    0.18 AC lot

    Triplex offers three rental units, including two vacant 1-bedroom apartments, plus a detached 3-stall garage.

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    Fully Rented Triplex Investment
    Fully Rented Triplex Investment

    314 Lester Street, Waterloo, IA 50703

    $85,000
    0.18 AC lot

    Three separately metered units with recent interior updates and ongoing owner-paid exterior services.

    View details

    Lake Mills, IA Triplexes Market Trends and Statistics

    Explore 1 triplexes 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 three-family homes 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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