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Multifamily Apartment Building with Dorm Rooms

2212 Okoboji Milford, IA 51351

Claim this Listing
For Sale
$950,000

Residential Multi Family, Other - Milford, IA

Lot size:
1.17 Acres
Added:
Feb 13, 2026
Days on Market:
148
Last Refresh:
Jul 11 at 1:06 pm

Property Features for 2212 Okoboji

General Information

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

Building Details

Year built
1947
Architectural style
Other

Listing agent Bridget Johnson License #S67411000,PersonLicenseNumber

Listing office NextHome At The Lakes 1410 Lake St, IA

Listing date Feb 13, 2026

MLS# 260012 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.


Investment Insights

Based on property information with market context.

This income-producing property has been recently divided and is offered as the multifamily apartment portion. It includes 10 fully occupied apartment units, along with seven furnished dorm-style rooms designed for flexible rental arrangements.

The property is positioned along Highway 71, providing high roadway exposure for the combined residential setup. The offering is located at 2212 Okoboji in Milford, Iowa.

For investors or operators seeking a mixed multifamily configuration, the unit mix allows management flexibility across apartment-style living and furnished dorm-style rooms. With all 10 apartment units currently occupied, the property provides an immediate operating base, while the furnished rooms support short-term or extended-stay rental use as described in the offering materials.

Key Highlights

  • Immediate, dependable cash flow from 10 fully occupied apartment units with a strong rental history.
  • High‑exposure location on Highway 71, providing excellent visibility.
  • Multiple revenue streams from 10 apartments and 7 furnished dorm‑style rooms.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Dental Office Building Supply Auto Parts Store Restaurant Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - Income-producing multifamily property with 10 occupied apartment units plus seven furnished dorm-style rooms.
Where is this apartment building located?
The property is located at 2212 Okoboji 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: Immediate, dependable cash flow from 10 fully occupied apartment units with a strong rental history.; High‑exposure location on Highway 71, providing excellent visibility.; Multiple revenue streams from 10 apartments and 7 furnished dorm‑style rooms.
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