IA > Lemars
Lemars, IA 51031,401 CENTRAL AVE SW
Lemars, IA 51031,401 CENTRAL AVE SW
Lemars, IA 51031,401 CENTRAL AVE SW
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Michelle Maloney

Michelle Maloney

+1(605) 677-9006
$380,000
Est. payment /mo
11 Beds
6.5 Baths
4,350 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Unit

Listing Status Active

Purchase Type For Sale

Square Footage 4,350 sqft

Price per Sqft $87

MLS Listing ID 830098

Bedrooms 11

Full Baths 6

Half Baths 1

Year Built 1901

Annual Tax Amount $3,942

Tax Year 2025

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Multi-Unit

Property Description

Rare opportunity in the heart of Le Mars! This remodeled 3-story property offers three spacious apartments plus a unique detached home with an attached garage. Converted to apartments with extensive updates, it features modern kitchens, open layouts, stylish baths, in-unit laundry, and a new roof in 2025. The main floor has 3 bedrooms, 2 baths, and a front porch overlooking Central Ave. The second floor offers 3 bedrooms, 1 bath, pantry kitchen, laundry, and a fireplace, while the third floor has 3 bedrooms, 2 baths, and abundant natural light. The detached home includes vaulted ceilings, a loft bedroom, 1.5 baths, and tuck-under garage. With a fire suppression system, separate utilities, and modern conveniences, this fully leased property combines character, income potential, and long-term value near Hwy 3, schools, employers, and downtown. Strong rental history and excellent tenant appeal make this a rare turnkey investment opportunity.

Location

State IA

County Plymouth

Area Surrounding Areas/Other Areas

Zoning L - R3+

Multi-Unit Info

Total Units 4

Unit 1 Information SqFt: 1450; Bedroom: 3; Bathroom: 2; FullBath: 2

Unit 2 Information SqFt: 1450; Bedroom: 3; Bathroom: 1; FullBath: 1

Unit 3 Information SqFt: 1450; Bedroom: 3; Bathroom: 2; FullBath: 2

Unit 4 Information SqFt: 700; Bedroom: 2; Bathroom: 1.5; FullBath: 1; HalfBath: 1

Interior

Heating Forced Air

Cooling Central

Exterior

Parking Features Detached

Garage Spaces 1.0

Building

Sewer City

Water City

Schools

Elementary Schools Lemars

Middle Schools Lemars

High Schools Lemars

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Listed by United Real Estate Solutions

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Michelle Maloney

Michelle Maloney

+1(605) 677-9006

Broker | License ID: 14315

Broker License ID: 14315

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