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Local Realty Service Provided By: Coldwell Banker Associated Brokers Realty, Inc.

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Listing view 3

426 1ST ST SW, 
Lemars, IA 51031

$325,000

—

Bed

—

Bath

3,030

Sq Ft

Multi-Family

Active

Listed by

Nic Madsen

, 

Emmaily Kurth

Gateway Real Estate Advisors

712-226-8000

Last updated:

October 10, 2026, 03:31 PM

MLS#

834780

Source:

IA GSCBOR

About This Home

426 1ST ST SW

This fully occupied Le Mars duplex offers a 3 bed and a 4 bed unit, both freshly updated throughout, so it produces income from day one with no lease-up risk or immediate capital outlay. Each unit has its own furnace, central air, and water heater, which keeps utilities split and tenants paying all utilities. The larger floor plans appeal to families and long-term renters, helping keep turnover and vacancy low. Located just a few blocks from downtown with easy access to Highway 75, it's a solid addition to any rental portfolio. Contact the listing agent for rent details and to schedule a showing.

Home Facts

Multi-Family

Built in 1920

Price Summary

325,000

$107 per Sq. Ft.

MLS #:

834780

Last Updated:

October 10, 2026, 03:31 PM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

3,030 Sq. Ft.

Structure

Structure

Building Area:

3,030 Sq. Ft.

Year Built:

1920

Lot

Lot Size (Sq. Ft):

9,147

Finances & Disclosures

Finances

Price:

$325,000

Price per Sq. Ft:

$107 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.