Three-Unit Triplex with Lake
For Sale
$774,900
41 Dewey Street, Arnolds Park, IA 51331
MULTI_FAMILY - Arnolds Park, IA
Property SizeContact for details
Lot Size0.32 Acres
Days on Market50
Property Features for 41 Dewey Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 4, Basement
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 #B58673000
(712) 320-7245
Added: Jun 16
Changed: Aug 2
Last Checked: Aug 4 at 1:06PM
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 three-unit triplex includes three separate rental units: Unit 1 “The Boathouse” with four bedrooms, two bathrooms, and nearly 2,100 square feet; Unit 2 “The Fieldhouse” with two bedrooms and one bathroom and approximately 520 square feet; and Unit 3 with one bedroom and one bathroom and approximately 720 square feet. Unit 3 is currently occupied by a long-term tenant. The property was built in 1912 and uses vinyl siding, an asphalt roof, forced-air heating, public water, and public sewer.
Set on more than one-third of an acre, the triplex offers views of Lake Minnewashta and includes a spacious lawn with string lighting, supporting outdoor gatherings.
Configured as separate rentals, the layout can support both full-property income and flexible use of individual units.
Set on more than one-third of an acre, the triplex offers views of Lake Minnewashta and includes a spacious lawn with string lighting, supporting outdoor gatherings.
Configured as separate rentals, the layout can support both full-property income and flexible use of individual units.
Key Highlights
- Three separate rental units: Unit 1 4 bed/2 bath nearly 2,100 SF, Unit 2 2 bed/1 bath ~520 SF, Unit 3 1 bed/1 bath ~720 SF
- Unit 3 is currently occupied by a long‑term tenant
- More than one‑third of an acre with views of Lake Minnewashta
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three rental units on a third-acre lot with public water and sewer, asphalt roof, and forced-air heating.
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 $774,900.
What are key features of this property?
This property features: Three separate rental units: Unit 1 4 bed/2 bath nearly 2,100 SF, Unit 2 2 bed/1 bath ~520 SF, Unit 3 1 bed/1 bath ~720 SF; Unit 3 is currently occupied by a long‑term tenant; More than one‑third of an acre with views of Lake Minnewashta
