Will Schindler

426 1st St Sw, Lemars, IA 51031

$325,000

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New to the Market Active

BEDS7 BATHS3 full MLS#834780

STATUSActive PROPERTY TYPEMulti Unit - Multiple

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Property Description

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, its a solid addition to any rental portfolio. Contact the listing agent for rent details and to schedule a showing...

426 1st St Sw | MLS# 834780

This multi-family property located at 426 1st St Sw, Lemars, IA 51031 is currently listed for sale with an asking price of $325,000. Search Lemars real estate on willschindler.unitedrealestatesolutions.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: 2 Central

Garage: 2

Garage: Detached

Lot Size: 0.21 Acres

Taxes: $1,185

Year Built: 1920

Units

Unit Type 1:

Bedrooms: 3

Bathroom Full: 1

Rent: $1350

Square Footage: 1000

Unit Type 2:

Bedrooms: 4

Bathroom Full: 2

Rent: $1500

Square Footage: 1200

Feature Descriptions

Parcel: 12-16-107-001

Rental: No

Rental Income: 2850

Sewer: City

SQFT Below Finished: 938

SQFT Main: 2092

Water: City

Zoning: res

Listed By / Shown By

Listed By

Agency Name: Gateway Real Estate Advisors
Agency Phone: 712-226-8000

Shown By

Agent Name: Will Schindler
Agent Phone: (712) 490-6965
Agency Title: United Real Estate Solutions

Estimate Your Payment

Estimated Payment

$ 2,094.57 per month $1,901.03 Principal & Interest $98.75 Property Tax $94.79 Homeowner's Insurance

Change Payment Information

426 1st St Sw, Lemars, IA 51031

$325,000

SAVE TOUR THIS HOME

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/25/2026. The listing information on this page last changed on 09/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 09/25/2026 4:55:04 PM EST) or Iowa Great Lakes MLS (last updated Fri 09/25/2026 4:13:40 PM EST) or Sioux City MLS (last updated Fri 09/25/2026 4:03:24 PM EST). Real estate listings held by brokerage firms other than United Real Estate Solutions may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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