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    Milford, IA Multifamily Properties for Sale

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    Arnolds Park, IA Okoboji, IA Fostoria, IA
    Multifamily Property on Highway 71
    $1,100,000
    1.17 Acres

    Multifamily Property on Highway 71

    2212 Okoboji, Milford, IA 51351

    Income-producing multifamily property with strong rental history and flexible income potential.

    • 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.
    • Stabilized occupancy indicating consistent performance.
    • Flexible income potential through short‑term or extended‑stay rentals of dorm‑style rooms.
    Updated: Feb 13
    View details
    Three-Parcel Commercial Property in Milford
    $410,000
    0.57 Acres

    Three-Parcel Commercial Property in Milford

    1804 Okoboji Avenue, Milford, IA 51351

    Income-producing commercial property with development options near Highway 71.

    • Three separate parcels totaling approximately 0.57 acres offer multiple income‑producing and development options.
    • High‑traffic, high‑visibility location near Highway 71.
    • Main building has strong potential for duplex conversion, short‑term rental, or continued office/retail use.
    • Includes a 24' x 48' garage/shop ideal for storage, business use, or rental income.
    • Vacant back lot offers excellent potential for a new shop, storage units, or future expansion.
    Updated: Apr 8
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 2 Active listings in Milford, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 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.

    Arnolds Park Duplex with Upgrades
    $389,000
    1,424 SF

    Arnolds Park Duplex with Upgrades

    Well-maintained duplex in desirable neighborhood, close to amenities.

    416 Emerald Dr., Arnolds Park, IA 51331
    View details
    Spirit Lake Duplex with Pond
    $425,000
    2,439 SF

    Spirit Lake Duplex with Pond

    Near-new duplex with pond view, close to amenities.

    1940 35th Street, Spirit Lake, IA 51360
    View details
    New Construction Duplex in Spirit Lake
    $419,900
    1,425 SF

    New Construction Duplex in Spirit Lake

    Contemporary 2-bedroom, 2-bathroom duplex with modern amenities and bike trail access.

    3102 Spruce Court, Spirit Lake, IA 51360
    View details
    Golf Course Patio Home
    $595,000
    1,885 SF

    Golf Course Patio Home

    Move-in ready duplex on Emerald Hills Golf Course.

    1018 Emerald Hills Drive, Arnolds Park, IA 51331
    View details

    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.

    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres

    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131
    View details
    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres

    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249
    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres

    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308
    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing

    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065
    View details

    Off-Market Properties in Milford, IA

    Consider similar Off-Market properties in Milford, 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.

    20200 232nd Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.66 Acres
    Value Estimation by Request

    20200 232nd Ave, Milford, IA 51351-7380

    View details
    1411 6th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 5.53 Acres
    Value Estimation by Request

    1411 6th St, Milford, IA 51351-1764

    View details
    806 28th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 14.51 Acres
    Value Estimation by Request

    806 28th St, Milford, IA 51351-7132

    View details
    2033 200th St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.15 Acres
    Value Estimation by Request

    2033 200th St, Milford, IA 51351-7217

    View details

    Milford, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 6 multifamily properties for sale in Milford, IA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,510,000.

    Sale prices for multifamily properties in Milford, IA start at $410,000, averaging $755,000, and reaching up to $1,100,000 — 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

    Short term rental properties 2
    Apartment buildings 1

    Demographics Overview

    Population 4,990
    Population Growth (5Y) +13.5%
    Median Household Income $67,628
    College Educated 39.3%

    High-Yield Neighborhoods for Investment

    Identify Milford submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    51351 $755K

    Taxes & Financing

    Tax Rate (average for all types) 1.57%
    Property Tax per SF $12.29 per sq ft
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

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