403 S 4Th Avenue E Lake Mills, IA $ 109,900
403 S 4Th Avenue E
$ 109,900
Recently Listed
Share Save

403 S 4Th Avenue E

Lake Mills, IA, 50450
$ 109,900
Baths0.0 Sq 1,811

Monthly Estimate*

$ 694

403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 1
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 2
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 3
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 4
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 5
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 6
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 7
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 8
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 9
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 10
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 11
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 12
403 S 4Th Avenue E, Lake Mills, IA 50450 - Image 13
Studio

Multi-Family Home for sale in Lake Mills, IA

for $109,900. This 1,811 square foot home was built in 1890 on a lot size of 0.48.

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!

See more

Multi-Family Active

Price

$ 109,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,782

Style

Lot Size

0.48

Year Built

1890

Town/City

Lake Mills

County/Region

Winnebago

MLS | Web ID

6340028

Features
General
Sewer City Sewer/Connected
Heating Hot Water
Garage Spaces 2
Construction Materials Wood Siding Slate
Year Built 1890
Stories Count 1
Property Subtype Triplex
Tax Year 2024
Gross Income 21600
Accessibility None
County Winnebago
Operating Expense 8480
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name LM SUBDIV E 7 AC SE SW 2-99-23
Status Active
Directions NE of front entrance of school
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 20908.8
Tax Annual Amount 1782
Electric Expense 2640
Fuel Expense 3840
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description 02 99 23 LOT 4 AUD RESURVEY OF LOTS 1 THRU 11 SUBD OF E 7 ACRES OF SE SW 2 99 23
See more
Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
See more
Exterior
Water Source Public
Lot Dimensions 82.28 x 255.73 Lot Area 0.48 Acres; 21 041 SF
Lot Size Acres 0.48
See more
* Excluded Features
List By
Marisa Koppen

Listing Agent

Realty One Group Black Diamond

Broker

marisa@rogblackdiamond.com

Email

Affordability Calculator

$842
Per Month
82%
18%
0%
Monthly Principal & Interest
$694
Monthly Property Taxes
$149
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$109,900 Listed Price

Map


See all

403 S 4Th Avenue E, Lake Mills, IA, 50450 is a Multi-Family Home for sale at $109,900 with 1,811 sqft and a lot size of 0.48. 403 S 4Th Avenue E is a studio with 0.0 baths and was built in 1890. The property's zip code is 50450 which is in Lake Mills, IA