17-Unit Apartment
For Sale
$950,000
2212 Okoboji Ave, Milford, IA 51351
Multi-Unit, Milford, IA
Property Size10,882 SF
Lot Size0.35 Acres
Price / SF$87.30
Days on Market27
Property Features for 2212 Okoboji Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1
Directions
Maps
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
1106151009
Size
10,882 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MILFORD STERNBERG'S PLATLOT 11
Tax Annual Amount
7068
Legal Description
MILFORD STERNBERG'S PLATLOT 11
Building Details
Year built
1947
Number of units
17
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Aug 17
Changed: Sep 9
Last Checked: Sep 12 at 12:06AM
MLS# 834240
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,882-square-foot apartment property contains 17 units arranged as 10 conventional apartments and 7 furnished, dorm-style rooms. The varied configuration supports both traditional residential leasing and short-stay rental use. Built in 1947, the property is situated on a 0.35-acre site and is currently fully occupied.
The building fronts Hwy 71 in Milford, Iowa, within the Okoboji lake region. Its location provides access to the area’s recreational visitor base, while the furnished component adds flexibility alongside the standard apartments. The property is zoned res and offers an established rental operation with a mix of unit formats.
The building fronts Hwy 71 in Milford, Iowa, within the Okoboji lake region. Its location provides access to the area’s recreational visitor base, while the furnished component adds flexibility alongside the standard apartments. The property is zoned res and offers an established rental operation with a mix of unit formats.
Key Highlights
- 17‑unit apartment property with 10 conventional apartments and 7 furnished, dorm‑style rooms
- 10,882 square feet on a 0.35‑acre site
- Fully occupied rental property
Property Analytics
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Current Use
Lease Details
17
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 51351, IA
4,844
Population
3,104
Households
1.6
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
108.0 sq mi
ZIP Area
45
Density / Sq Mi
$67,628
Median Household Income
$39,913
Median Earnings
$904
Median Rent
$256,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residentially zoned property combining conventional apartments with furnished rooms for flexible rental operations.
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 $950,000.
What are key features of this property?
This property features: 17‑unit apartment property with 10 conventional apartments and 7 furnished, dorm‑style rooms; 10,882 square feet on a 0.35‑acre site; Fully occupied rental property
