2212 Okoboji Avenue, Milford, IA 51351
Dickinson County
Key Facts
Description
Positioned along Highway 71, this income-producing property presents an exceptional value opportunity with built-in visibility and proven performance. Recently divided, this offering includes exclusively the multifamily apartment portion. The property features 10 fully occupied apartment units backed by a strong and consistent rental history, delivering immediate, dependable cash flow. In addition, 7 furnished dorm-style rooms provide flexible income potential through short-term or extended-stay rentals, creating multiple revenue streams within one investment. With stabilized occupancy, high-exposure location, and room for continued income growth, this multifamily asset offers an attractive combination of stability, flexibility, and long-term upside—making it a smart addition to any investment portfolio.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1947
Living Area
8,882 sq ft
Lot Size
0.44 acres
Lot Dimensions
100x153, 24x153
Days on Market
123
MLS® Listing#
260012
Property Features
Heating
Basement
Parking
Patio
Construction
Roof
Sewer
Water Source
Schools
- District:
- Okoboji
Financial Details
Annual Taxes
$7,344
Tax year 2024
Parcel Number
1106151009
Directions
GPS
Affordability Calculator
$190,000
Estimated monthly payment
$5,056/mo
Principal $760,000 · Est. interest $1,060,268 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Milford, IA
- $344,444
- Median Listing Price
- 67
- Median Days on Market
- 2,064
- Median Sq Ft
- $182
- Median Price / Sq Ft
- 25
- Active Listings
- This home’s price is 176% above the area median.
- Its price per sq ft is 41% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Milford, IA.
Location
Points of Interest in Milford, IA
Showing the Milford area map.
Nearby Schools
Okoboji Elementary School
Elementary · 1.1 mi away
Okoboji High School
Secondary · 1.1 mi away
Safari Child Care Center
School · 1.3 mi away
Okoboji Middle School
Elementary · 2.4 mi away
Northwest Iowa School of Taxidermy
Secondary · 4.8 mi away
Spirit Lake Elementary School
Elementary · 5.8 mi away
Spirit Lake Middle School
Secondary · 5.8 mi away
Spirit Lake High School
Secondary · 6.0 mi away
Spirit Lake Community Schools
School · 7.1 mi away
Graettinger-Terril Elementary School
Elementary · 9.1 mi away
Harris Lake Park Middle & High School
Secondary · 11.5 mi away
Harris-Lake Park Elementary School
Elementary · 12.0 mi away
Iowa Great Lakes Lutheran School
Secondary · 12.5 mi away
Fairview Elementary School
Elementary · 12.7 mi away
Spencer Middle School
Secondary · 12.8 mi away
Sacred Heart School
School · 13.0 mi away
Jefferson Head Start
School · 13.1 mi away
Johnson Elementary
Elementary · 13.2 mi away
Spencer Community Schools
School · 13.4 mi away
Spencer High School
Secondary · 13.6 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Milford
Listing Courtesy: NextHome at the Lakes - PRIM: (712) 336-9999
Presented by: Bridget Johnson