Triplex with Lake
For Sale
$699,000
41 Dewey Street, Arnolds Park, IA 51331
MULTIFAMILY, Arnolds Park, IA
Property SizeContact for details
Lot Size0.32 Acres
Days on Market95
Property Features for 41 Dewey Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Basement, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 2, Bathroom 1
Elementary school district
Okoboji
Middle school district
Okoboji
High school district
Okoboji
Directions
Corner of Dewey & Hwy 71
Subdivision
Dickinson
Standard status
Active
APN
07-29-155-002
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1 ALLEN'S PARK EXT. & LOT 2 ALLEN'S PARK EXT. & LOT 3 ALLEN'S PARK EXTENSION
Tax Annual Amount
3698
Legal Description
LOT 1 ALLEN'S PARK EXT. & LOT 2 ALLEN'S PARK EXT. & LOT 3 ALLEN'S PARK EXTENSION
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1912
Number of units
3
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Jensen Real Estate
(712) 332-8081
Listed By:
Michael Jensen · License #7586
(712) 320-7245
Added: Jun 16
Changed: Sep 14
Last Checked: Sep 18 at 4:06PM
MLS# 260661
Copyright © 2026 Iowa Great Lakes 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 1912 triplex comprises three separate residences with varied layouts. The largest includes 4 bedrooms, 2 bathrooms, and nearly 2,100 square feet. A second unit provides 2 bedrooms, 1 bathroom, and approximately 520 square feet, while the third has 1 bedroom, 1 bathroom, and approximately 720 square feet and is occupied by a long-term tenant. The property sits on 0.3245 acres and includes a spacious lawn with string lighting and views of Lake Minnewashta.
The property is one block from downtown Arnolds Park, Arnolds Park Amusement Park, and a public beach on West Lake Okoboji near Bob's. Improvements include vinyl siding, forced-air heat, an asphalt roof, public water, and public sewer.
The property is one block from downtown Arnolds Park, Arnolds Park Amusement Park, and a public beach on West Lake Okoboji near Bob's. Improvements include vinyl siding, forced-air heat, an asphalt roof, public water, and public sewer.
Key Highlights
- Three‑unit property with 7 bedrooms and 4 bathrooms across the residences
- Largest residence includes nearly 2,100 square feet, 4 bedrooms, and 2 bathrooms
- Additional units measure approximately 520 square feet and 720 square feet
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
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Business Placement
Demographics for 51331, IA
1,102
Population
1,622
Households
0.7
Avg Household Size
61
Median Age
42%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
689
Density / Sq Mi
$84,615
Median Household Income
$41,765
Median Earnings
$718
Median Rent
$415,800
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?
Triplex - Three distinct residences offer a mix of vacation-oriented and long-term rental use near downtown, entertainment, and public waterfront access.
Where is this triplex located?
The property is located at 41 Dewey Street Arnolds Park, IA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑unit property with 7 bedrooms and 4 bathrooms across the residences; Largest residence includes nearly 2,100 square feet, 4 bedrooms, and 2 bathrooms; Additional units measure approximately 520 square feet and 720 square feet
