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Arnolds Park, IA

Multifamily

Arnolds Park, IA Multifamily Properties for Sale

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Okoboji, IA Spirit Lake, IA Milford, IA Wahpeton, IA West Okoboji, IA Orleans, IA Fostoria, IA Lake Park, IA

Three-Unit Triplex with Lake Views

Updated: Jun 16

Three-Unit Triplex with Lake Views

41 Dewey Street, Arnolds Park, IA 51331

$774,900

0.32 AC lot

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
Vinyl siding, asphalt roof, and forced‑air heating
Public water and public sewer

Duplex Patio Home on Golf Course

Updated: Apr 30, 2025

Duplex Patio Home on Golf Course

1018 Emerald Hills Drive, Arnolds Park, IA 51331

$595,000

1,885 sqft 0.11 AC lot

Immaculately maintained 3‑bedroom, 2‑bath patio home in a duplex on the 9th hole of Emerald Hills Golf Course
Built in 2023 with 9' ceilings and tray ceilings up to 10' in main living areas
Oversized primary suite with walk‑in closet connected to main‑floor laundry
Primary bath features a large, tiled walk‑in shower
Finished garage with epoxy flooring and additional storage cabinets, plus garage door opener

Golf Course Patio Home

Golf Course Patio Home

1018 Emerald Hills Drive, Arnolds Park, IA 51331

$595,000

1,885 sqft

Move-in ready duplex on Emerald Hills Golf Course.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 3 Active listings in Arnolds Park, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Six-Unit Value-Add Apartment Building

Six-Unit Value-Add Apartment Building

21 W 1ST ST, Spencer, IA 51301

$175,000

4,308 sqft 0.12 AC lot

Six-unit apartment building with partial renovations underway and two units currently rented.

Near-New Duplex with Patio Views

Near-New Duplex with Patio Views

1940 35th Street, Spirit Lake, IA 51360

$399,000

2,439 sqft 0.24 AC lot

Near-new duplex offers two-bedroom living on the main level and additional lower-level space with a patio overlooking a pond.

Upstairs/Downstairs Duplex Residence

Upstairs/Downstairs Duplex Residence

2297 165th St, Spirit Lake, IA 51360

$390,000

1,500 sqft 1.00 AC lot

Duplex with a lower 2-bedroom, 1-bath unit and an upstairs efficiency with 3/4 bath, plus shared laundry.

Three-Unit Residential Income Property

Three-Unit Residential Income Property

807 4th Avenue, Spencer, IA 51301

$63,000

0.18 AC lot

Three-unit multifamily property offers a straightforward residential income setup in Spencer, Iowa.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Lakeshore Recreation Land Parcel

Lakeshore Recreation Land Parcel

Tripp, Fulda, MN 56131

$124,900

9.30 AC lot

Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

Lakefront Recreation Lot with Boat Lift

Lakefront Recreation Lot with Boat Lift

21425 Sunset Trail, Lake Preston, SD 57249

$193,800

0.46 AC lot

Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

Land for Multi-Family Housing

Land for Multi-Family Housing

1610 7th Avenue E, Alexandria, MN 56308

$249,900

2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

Alexandria Lakeshore Property with Rental Opportunity

Alexandria Lakeshore Property with Rental Opportunity

5950 County Road 8 NW, Alexandria, MN 56308

$798,500

15.62 AC lot

Lakeshore property with rental cabins and RV sites near Alexandria.

Off-Market Properties in Arnolds Park, IA

Consider similar Off-Market properties in Arnolds Park, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Rohr E St

MOBILE HOME PARK, TRAILER PARK

Rohr E St, Arnolds Park, IA 51331

Value Estimation by Request

0.54 AC lot

232nd Ave

MOBILE HOME PARK, TRAILER PARK

232nd Ave, Arnolds Park, IA 51331

Value Estimation by Request

1.53 AC lot

232nd Ave

MOBILE HOME PARK, TRAILER PARK

232nd Ave, Arnolds Park, IA 51331

Value Estimation by Request

0.39 AC lot

521 Okoboji Grv Rd

MOBILE HOME PARK, TRAILER PARK

521 Okoboji Grv Rd, Arnolds Park, IA 51331-7506

Value Estimation by Request

2.41 AC lot

401 Dm Rd

MOBILE HOME PARK, TRAILER PARK

401 Dm Rd, Arnolds Park, IA 51331-7521

Value Estimation by Request

4.30 AC lot

249 Dm Rd

MOBILE HOME PARK, TRAILER PARK

249 Dm Rd, Arnolds Park, IA 51331-7574

Value Estimation by Request

6.38 AC lot

Bascom St

MOBILE HOME PARK, TRAILER PARK

Bascom St, Arnolds Park, IA 51331

Value Estimation by Request

1.04 AC lot

1927 240th Ave

MOBILE HOME PARK, TRAILER PARK

1927 240th Ave, Arnolds Park, IA 51331

Value Estimation by Request

19.50 AC lot

195th St

MOBILE HOME PARK, TRAILER PARK

195th St, Arnolds Park, IA 51331

Value Estimation by Request

42.32 AC lot

Arnolds Park, IA Multifamily Properties Market Trends and Statistics

Explore 12 multifamily properties for sale in Arnolds Park, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,770 square feet of properties for sale, with an estimated market value of $1,964,900.

Sale prices for multifamily properties in Arnolds Park, IA start at $595,000, averaging $654,966, and reaching up to $774,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 920

Population Growth (5Y) -21.7%

Median Household Income $84,615

College Educated 52.9%

High-Yield Neighborhoods for Investment

Identify Arnolds Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
51331	$697K

Taxes & Financing

Tax Rate (average for all types) 1.48%

Property Tax per SF $15.92 per SF

Tax Rate vs County Average 0.18 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Dickinson County

New Delisted

Total CRE Inventory on Market (SF)

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