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 Market43
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 1, Bathroom 2, 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 23
Last Checked: Sep 28 at 2:06AM
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, including 10 traditional apartments and 7 furnished dorm-style rooms. The building was constructed in 1947 and is situated on a 0.35-acre parcel. Furnished accommodations are configured for short-term rental use, while the traditional units support longer-term occupancy. The property is currently fully occupied and has an established rental history.
Located at 2212 Okoboji Ave in Milford, Iowa, the property fronts Hwy 71 and is positioned within the Okoboji lake region. The site carries residential zoning. Its unit mix provides two distinct accommodation formats within one apartment asset, combining conventional apartments with furnished rooms designed for shorter stays.
Located at 2212 Okoboji Ave in Milford, Iowa, the property fronts Hwy 71 and is positioned within the Okoboji lake region. The site carries residential zoning. Its unit mix provides two distinct accommodation formats within one apartment asset, combining conventional apartments with furnished rooms designed for shorter stays.
Key Highlights
- 17‑unit apartment property with 10 traditional apartments and 7 furnished dorm‑style rooms
- 10,882 square feet on a 0.35‑acre parcel
- Built in 1947
Property Analytics
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Current Use
Lease Details
17
Residential units
100%
Occupancy
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 - Mixed apartment and furnished-room layout supports both conventional leasing and short-stay 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 traditional apartments and 7 furnished dorm‑style rooms; 10,882 square feet on a 0.35‑acre parcel; Built in 1947
