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    2212 Okoboji Ave Milford, IA 51351

    Sponsored
    For Sale
    $1,400,000

    Residential Multi Family, Other - Milford, IA

    Lot size:
    1.17 Acres
    Days on Market:
    99
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 2212 Okoboji Ave

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Lot size
    1.17 Acres

    Building Details

    Year built
    1947
    Architectural style
    Other

    NextHome, Inc

    Listing agent Bridget Johnson (712) 336-9999 License #S67411000,PersonLicenseNumber

    Listing date Sep 29, 2025

    MLS# 251006 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 71 Investment Opportunity

    This property, situated on over an acre along Highway 71 with access from P Avenue, presents an investment opportunity. It features 10 fully occupied apartments with a rental history, along with 7 furnished dorm-style rooms suitable for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units, with space available for future expansion. Additionally, there is a separate 1,500 sq ft heated shop with water and sewer, which is currently rented. The property offers highway visibility and space for further development, including additional apartments or expanded storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.1493461
    Latitude
    43.3375362

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    FAQs

    What type of property is this?
    Apartment building - Multi-unit property with apartments, dorm rooms, and storage units.
    Where is this apartment building located?
    The property is located at 2212 Okoboji Ave Milford, IA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - High-visibility location on Highway 71 with access from P Avenue.; - Ten fully occupied apartments with a strong rental history provide immediate income.; - Seven furnished dorm-style rooms offer potential for Airbnb or short-term rentals.
    (970) 618-9379
    Request Owner's contact information
    2212 Okoboji Ave Milford, IA 51351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2212 Okoboji Ave Milford, IA 51351
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