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401 CENTRAL AVE SW, Le Mars, IA 51031

Le Mars
Local realty services provided by:CENTURY 21 ProLink
401 CENTRAL AVE SW,Lemars, IA 51031
$380,000
  • - Beds
  • - Baths
  • 4,350 sq. ft.
  • Multi-family
  • Pending
Listed by: daniel nguyen
Office: united real estate solutions
MLS#:830098
Source:IA_GSCBOR

Price summary

  • Price:$380,000
  • Price per sq. ft.:$87.36

About this home

Rare investment opportunity in the heart of Le Mars! This remodeled 3-story property features three spacious apartments, plus a unique detached home, with an attached garage. Both units and detached home are fully updated and leased. Major improvements include: a new roof in 2025, modern kitchens and baths, in-unit laundry, a fire suppression system, and separate utilities – which keeps landlord expenses low. Each unit offers 3 bedrooms with generous layouts. While the detached home offers vaulted ceilings and a loft bedroom – giving strong tenant appeal across the board. With four income-producing units, stable tenancy, and low operating overhead, this property delivers consistent cash flow and low-term value. Rent values are competitive for the market, with room for future growth.

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Home facts

  • Year built:1901
  • Listing ID #:830098
  • Added:197 day(s) ago
  • Updated:March 15, 2026 at 07:37 AM

Rooms and interior

  • Living area:4,350 sq. ft.

Heating and cooling

  • Cooling:Central
  • Heating:Forced Air

Structure and exterior

  • Year built:1901
  • Building area:4,350 sq. ft.
  • Lot area:0.34 Acres
  • Lot Features:Level Lot, Retaining Wall, Trees

Schools

  • High school:LeMars
  • Middle school:LeMars
  • Elementary school:LeMars

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$380,000
  • Price per sq. ft.:$87.36
  • Tax amount:$3,942

Parking

  • Parking description:Crushed Rock Driveway, Detached Garage
  • Garage spaces:1

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