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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:

December 20, 2025, 04:33 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:

December 20, 2025, 04:33 PM

Added:

4 month(s) 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
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.