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Listed price in listed location currency (USD).
$380,000

000

MLS® 830098

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $3,942
Days Active 147
Lot Size 0.34 acres
Approx. Age 1901
MLS® Number 830098

Property Address: 401 Central Ave Sw, Le Mars, IA, 51031-2038

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number830098
Laundry Level
Central VacNo
FireplaceNo
Acreage0.34
Exterior
GarageYes
Approx. Age1901
Basement
DrivewayDetached
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 28, 2025List Date
$380,000List Price
  • Commute

Commute

Starting Address
Destination Address
401 Central Ave Sw, Le Mars, IA

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