408 W Lake Street Lake Mills, WI ^$ 490,000

408 W Lake Street

^$ 490,000

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Recently Listed

408 W Lake Street

Lake Mills, WI, 53551

^$ 490,000

Bedrooms3 Baths3.0

Monthly Estimate*

^$ 3,017

Listed by EXP Realty, LLC

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Multi-Family Home for sale in Lake Mills, WI

for $490,000 with 3 bedrooms and 3 full baths. This home was built in 1890 on a lot size of 1.

This is a rare find! Lake Mills waterfront property on 1 acre with an unbeatable location. Situated on the Mill Pond, with direct access to Rock Lake and just a couple of blocks from downtown Lake Mills & Bartels Beach. This tri-plex is a great opportunity, whether you're an investor or looking for the perfect owner-occupied property. Currently operating as a 3-unit multifamily with strong rental history. The vacant unit has been recently updated so you can move right in and have tenants pay your mortgage. Enjoy the prime location and peaceful backyard views of the water. The right renovation could transform this into a stunning waterfront single-family home. This property is spacious, unique, and deserves a closer look. Also listed as Single Family MLS# 2025195

Multi-Family Active

Price

^$ 490,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,174

Style

Lot Size

Year Built

1890

Town/City

Lake Mills

County/Region

Jefferson

MLS | Web ID

2025197

Features

Interior

Heating Type Forced air

Basement Full Walkout to yard Unfinished

Total Number of Units 3

General

Heating Natural Gas

Utilities Separate elec meters Separate gas meters Water Included

Zoning Res

School District Lake Mills Area

County Jefferson

Miscellaneous Internet - Cable

Class Multi Family

Tax Year 2025

Status Active

Status Detail 0

Year Built 1890

Directions I94 to Lake Mills S on Hwy 89 (Main St) to right on West Lake St.

High School Lake Mills

City Lake Mills

Elementary School Lake Mills

Middle School Lake Mills

DOM 1

Virtual Tour https://media.zillowmediaexperts.com/sites/rwnazlom/unbranded

County Qtr Section Jefferson NW

Exterior

Exterior Aluminum/Steel

Waterfront Has actual water frontage Lake Channel Dock/Pier

Lake/River Rock-Mill Pond

Waterfront Y/N Yes

* Excluded Features

List By

Exp Realty, Llc

Broker

(920) 988-9767

Phone

laura@laurasrealestategroup.com

Affordability Calculator

$3,448

Per Month

Monthly Principal & Interest: $3,017
Monthly Property Taxes: $431
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lake Mills, WI

Average List Price ^$2,185,000

Percent of Sale Price 346%

About Lake Mills, WI

5,860 Population

21% Since 2002

^$62,019 Median Income

39.97 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5334941 Elementary School

5334940 Middle School

Lake Mills High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/12/2026	$490,000		Listed Price

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408 W Lake Street, Lake Mills, WI, 53551 is a Multi-Family Home for sale at $490,000 with a lot size of 1. 408 W Lake Street has 3 bedrooms, 3.0 baths, and was built in 1890. The property's zip code is 53551 which is in Lake Mills, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the South Central Wisconsin Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the SCWMLS approved logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Data is updated as of 6/12/2026.

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408 W Lake Street

Multi-Family Home for sale in Lake Mills, WI

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