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

Lake Mills
Local realty services provided by:CENTURY 21 BW Preferred, Inc.
403 S 4th Avenue E,Lake Mills, IA 50450
$109,900
  • - Beds
  • - Baths
  • 1,811 sq. ft.
  • Multi-family
  • Active
Listed by: marisa koppen
Office: realty one group black diamond
MLS#:6340028
Source:IA_HIMLS

Price summary

  • Price:$109,900
  • Price per sq. ft.:$60.68

About this home

Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers an excellent opportunity! With tenants already in place, this property provides immediate rental income from day one. The building features three units, including two main-level apartments—an efficiency unit and a one-bedroom unit—and a spacious two-bedroom apartment on the upper level. A new boiler installed in 2025 adds peace of mind for future ownership. Situated on a generous 0.48-acre lot, tenants can enjoy plenty of outdoor space, and the detached double garage offers additional storage or the potential for future rental income, as it has not previously been utilized by tenants. All utilities are currently included in the rent, making this a turnkey investment with room for future value-add opportunities. Don't miss your chance to start—or grow—your real estate portfolio with this solid income-producing property!

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Home facts

  • Year built:1890
  • Subdivision & Development:LM SUBDIV E 7 AC SE SW 2-99-23
  • Listing ID #:6340028
  • Added:65 day(s) ago
  • Updated:September 10, 2026 at 03:03 PM

Rooms and interior

  • Basement:Yes
  • Living area:1,811 sq. ft.

Structure and exterior

  • Year built:1890
  • Building area:1,811 sq. ft.
  • Lot area:0.48 Acres

Finances and disclosures

  • Price:$109,900
  • Price per sq. ft.:$60.68
  • Tax amount:$1,782 (2024)

Parking

  • Garage:Yes
  • Garage spaces:2

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