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7 Beds
3 Baths
3,030 sqft

$325,000

426 1ST ST SW, LeMars IA, 51031

Price per sqft$107.26
Built in1920
Property size3,030 sqft
Property typeMulti-family

Overview

Active

Listed Sep 25, 2026

Updated 4 weeks ago

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.

$2,162/mo

Est. mortgage payment based on a $325,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
834780

Interior Features

Bedrooms
7
Bathrooms
3
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.21 Acres

Other Property Details

Taxes
$1,185
Tax Frequency
Annually
Garage
Yes

Listed by Nic Madsen with Gateway Real Estate Advisors
Listing Contact: 712-540-6562 

Based on information from Northwest Iowa Regional Board of REALTORS. as of 9/26/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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