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401 CENTRAL AVE SW, 
Lemars, IA 51031

$380,000


Bed


Bath


4,350

Sq Ft


Multi-Family

Active

Listed by

Daniel Nguyen

United Real Estate Solutions

712-226-6000

Last updated:

September 22, 2025, 07:48 PM

MLS#

830098

Source:

IA GSCBOR

About This Home

401 CENTRAL AVE SW

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.

Home Facts

Multi-Family

Built in 1901

Price Summary

380,000

$87 per Sq. Ft.

MLS #:

830098

Last Updated:

September 22, 2025, 07:48 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

4,350 Sq. Ft.


Structure

Structure

Building Area:

4,350 Sq. Ft.

Year Built:

1901


Lot

Lot Size (Sq. Ft):

14,810


Finances & Disclosures

Finances

Price:

$380,000

Price per Sq. Ft:

$87 per Sq. Ft.

Source:IA GSCBOR
The information being provided by Northwest Iowa Regional Board of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Northwest Iowa Regional Board of REALTORS All rights reserved.

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