About This Home

This 0-bedroom, 0-bathroom multi-family at 403 S 4Th Avenue E in Lake Mills, IA is listed for $109,900 ($61 per sqft). Built in 1890, the home offers 1,811 sqft of living space on a 0.48 acres lot.

Key Features

  • Built in 1890
  • 0.48 acre lot

Property Details

1 story
2-car garage
1890
Listing Description

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!

Monthly Cost Estimate

$588/mo

20% down · 6.5% · 30 years

Principal$79
Interest$476
Insurance$32

Estimates only. Actual payments may vary.

Location

403 S 4Th Avenue E

Lake Mills, IA 50450

LM SUBDIV E 7 AC SE SW 2-99-23

Property Details

Construction

Wood Siding Slate

Heating

Hot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 403 S 4Th Avenue E is listed at $109,900 ($61/sqft). The estimated monthly payment is $588 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.48 acre lot.

This property is listed by Marisa Koppen.

MK

Marisa Koppen

Agent at Realty ONE Group Black Diamond

Listed by Realty ONE Group Black Diamond · Broker phone: 641-592-2665 · View on Broker Site

MLS# 6340028· Source: NoCoast MLS· 113 days on PropertySimple

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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

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