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2212 Okoboji Avenue, Milford, IA 51351

Milford
Local realty services provided by:CENTURY 21 ProLink
2212 Okoboji Avenue,Milford, IA 51351
$1,100,000
  • 24 Beds
  • 12 Baths
  • 8,882 sq. ft.
  • Multi-family
  • Active
Listed by: bridget johnson
Office: nexthome at the lakes
MLS#:260012
Source:IA_IGLBOR

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$123.85

About this home

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.

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Home facts

  • Year built:1947
  • Listing ID #:260012
  • Added:13 day(s) ago
  • Updated:February 13, 2026 at 06:59 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:12
  • Basement Description:Full
  • Living area:8,882 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Asphalt, Metal
  • Year built:1947
  • Building area:8,882 sq. ft.
  • Lot area:1.17 Acres
  • Construction Materials:Wood Siding
  • Exterior Features:Patio, Porch

Utilities

  • Water:Public/City
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$123.85
  • Tax amount:$7,344

Features and amenities

  • Laundry features:Coin-op Laundry Own

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