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    Lake Mills, IA
    Triplex

    Lake Mills, IA Triplexes for Sale

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    Northwood, IA Kiester, MN Forest City, IA Thompson, IA Walters, MN Glenville, MN Albert Lea, MN Bricelyn, 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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, 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.

    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    1110 W Oakland Avenue, Austin, MN 55912

    $295,000
    2,208 sqft 0.14 AC lot

    Fully leased building with a detached garage, block exterior, and forced-air heating.

    View details
    Triplex Multifamily Property
    Triplex Multifamily Property

    610 3rd Ave Se, Waseca, MN 56093

    $174,800
    1,071 sqft

    Three residential units are situated near parks, schools, local services, and downtown Waseca.

    View details
    Triplex with Basement
    Triplex with Basement

    610 SE 3rd Avenue, Waseca, MN 56093

    $174,800
    0.20 AC lot

    Three-unit residential property with forced-air heating and a shingle roof.

    View details
    Duplex and Triplex Portfolio
    Duplex and Triplex Portfolio

    204 1st Ave SW, Austin, MN 55912

    Contact for pricing

    Multifamily portfolio for sale featuring six duplexes and one triplex in Austin, Minnesota.

    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 average $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

    Apartment buildings 2
    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 $109.9K

    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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