Spirit Lake, IA Multifamily Properties for Sale

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Orleans, IA Okoboji, IA Arnolds Park, IA Wahpeton, IA Milford, IA Lake Park, IA Estherville, IA Fostoria, IA

8 properties

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Updated: Jul 25

Renovated Waterfront Duplex

10585 Crowley Avenue, Spirit Lake, IA 51360

$719,900

1,824 sqft 0.30 AC lot

Renovated duplex on the shore of Big Spirit Lake
1,824 square feet with 4 bedrooms and 2 bathrooms
0.2993‑acre parcel with west‑facing lake views
Basement included in the property layout
Central air and forced‑air heating

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Updated: Nov 7, 2025

Ranch Duplex with Patio

1940 35th Street, Spirit Lake, IA 51360

$399,000

2,439 sqft 0.24 AC lot

Duplex completed in 2022
2,439 square feet on a 0.2424‑acre lot
Four bedrooms across the main and lower levels
Patio overlooking a pond
Fireplace, central air, and forced‑air heat

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New Construction Waterfront Duplex

16822 255th Street, Spirit Lake, IA 51360

$1,990,000

3,834 sqft

Contemporary duplex with a walk-out lower level, second kitchen, lake access, and two laundry stations.

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See what stands out in Dickinson County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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NOI available after sign in

Local Demand available after sign in

Townhome-Style Apartment Buildings

3300 Sunner Ave Bldg A & B, Spirit Lake, IA 51360

$1,395,000

14,784 sqft

Twelve-unit multifamily property with attached garages, in-unit laundry, and walk-out patios.

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Waterfront Duplex with Walk-Out Lower Level

16822 255th Street, Spirit Lake, IA 51360

$1,990,000

3,848 sqft

Contemporary duplex under construction with lake access, dual kitchens, and two laundry stations.

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New Construction Duplex

3102 Spruce Court, Spirit Lake, IA 51360

$414,900

1,425 sqft 0.14 AC lot

Contemporary zero-entry residence with quartz finishes, covered patio, and direct access to the Dickinson County bike trail.

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Contemporary Duplex Unit

3102 Spruce Court, Unit B, Spirit Lake, IA 51360

$414,900

1,425 sqft 0.18 AC lot

Two-bedroom, two-bath residence with single-level living, an open layout, and covered outdoor space.

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Eight-Unit Apartment Building

1501 Hill Ave, Spirit Lake, IA 51360

$900,000

Multi-unit property offers detached garage parking, basement storage, and shared laundry facilities.

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 8 Active listings in Spirit Lake, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Wetland-Adjacent Duplex

603 202nd Street, Milford, IA 51351

$525,000

2,988 sqft 0.23 AC lot

Two-level property with generous living areas, a main-floor primary suite, covered deck, and access to an association swimming pool.

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Lake-View Triplex with Three Units

41 Dewey St, Arnolds Park, IA 51331

$699,000

3,336 sqft

Three distinct units support vacation stays and long-term occupancy, with a lawn designed for outdoor gatherings.

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Triplex with Lake Views

41 Dewey Street, Arnolds Park, IA 51331

$699,000

0.32 AC lot

Three distinct residences offer a mix of vacation-oriented and long-term rental use near downtown, entertainment, and public waterfront access.

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Newly Built Duplex with Heated Garage

605 202nd St, Milford, IA 51351

$499,000

2,283 sqft

Four-bedroom, four-bath layout includes three-zone HVAC and EV charging readiness.

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Off-Market Properties in Spirit Lake, IA

Consider similar Off-Market properties in Spirit Lake, 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.

MOBILE HOME PARK, TRAILER PARK

Washington Blvd, Spirit Lake, IA 51360

Estimated value:

$225,000

0.10 AC lot

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MOBILE HOME PARK, TRAILER PARK

Washington Blvd, Spirit Lake, IA 51360

Estimated value:

$225,000

0.11 AC lot

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MOBILE HOME PARK, TRAILER PARK

Washington Blvd, Spirit Lake, IA 51360

Estimated value:

$225,000

0.10 AC lot

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MOBILE HOME PARK, TRAILER PARK

Washington Blvd, Spirit Lake, IA 51360

Estimated value:

$225,000

0.09 AC lot

View details

MOBILE HOME PARK, TRAILER PARK

Washington Blvd, Spirit Lake, IA 51360

Estimated value:

$225,000

0.10 AC lot

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MOBILE HOME PARK, TRAILER PARK

Hl Ave, Spirit Lake, IA 51360

Estimated value:

by Request

0.16 AC lot

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MOBILE HOME PARK, TRAILER PARK

2408 25th St, Spirit Lake, IA 51360-7028

Estimated value:

$245,000

5.86 AC lot

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MOBILE HOME PARK, TRAILER PARK

16406 255th Ave, Spirit Lake, IA 51360

Estimated value:

$235,000

0.14 AC lot

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MOBILE HOME PARK, TRAILER PARK

255th Ave, Spirit Lake, IA 51360

Estimated value:

$255,000

0.94 AC lot

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MOBILE HOME PARK, TRAILER PARK

26740 105th St, Spirit Lake, IA 51360-7262

Estimated value:

$355,000

4.19 AC lot

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MOBILE HOME PARK, TRAILER PARK

Spirit Lake, IA 51360

Estimated value:

$225,000

0.64 AC lot

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MOBILE HOME PARK, TRAILER PARK

Spirit Lake, IA 51360

Estimated value:

$440,000

39.04 AC lot

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Spirit Lake, IA Multifamily Properties Market Trends and Statistics

Explore 20 multifamily properties for sale in Spirit Lake, IA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 29,579 square feet of properties for sale, with an estimated market value of $8,223,700.

Sale prices for multifamily properties in Spirit Lake, IA start at $399,000, averaging $1,027,962, and reaching up to $1,990,000 — 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

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 8,561

Population Growth (5Y) +4.7%

Median Household Income $77,464

College Educated 44.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
51360	$1M

Taxes & Financing

Tax Rate (average for all types) 1.70%

Property Tax per SF $16.92 per SF

Tax Rate vs County Average 0.04 pp above 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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