Residential Income

Arnolds Park, IA Residential Income Properties for Sale

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Triplex Rental Property with Lake Views
Updated: Jun 16
Triplex Rental Property with Lake Views

41 Dewey Street, Arnolds Park, IA 51331

$799,000
0.32 AC lot
Three separate rental units in Arnolds Park: Unit 1 (4BR/2BA, ~2,100 SF), Unit 2 (2BR/1BA, ~520 SF), and Unit 3 (1BR/1BA, ~720 SF).
Unit 3 is currently occupied by a long‑term tenant paying $1,000 per month year‑round.
More than one‑third of an acre lot with views of Lake Minnewashta and a spacious lawn with string lighting.
Just one block from downtown Arnolds Park nightlife and restaurants.
One block from Arnolds Park Amusement Park and one block from the public beach on West Lake Okoboji.
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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
2023‑built 3‑bedroom, 2‑bath patio home (duplex) with public water and public sewer
Oversized primary suite with walk‑in closet connected to main floor laundry and a large tiled walk‑in shower
Soaring 9' ceilings with tray ceilings up to 10' in the main living areas
Fully finished garage with epoxy flooring and storage cabinets, plus garage door opener
Stamped concrete patio overlooking the 9th hole of Emerald Hills Golf Course with upgraded patio fence
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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.

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West Lake Okoboji Condo
West Lake Okoboji Condo

333 Hwy 71 N 2H, Arnolds Park, IA 51331

$2,495,000
2,333 sqft 1.66 AC lot

New condo with resort-quality amenities on West Lake Okoboji.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 4 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.

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.

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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.

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Single-Story Duplex with Attached Garage
Single-Story Duplex with Attached Garage

3329 Prairie Meadow Drive, Milford, IA 51351

$349,000
1,221 sqft 0.19 AC lot

Move-in ready 2016 duplex with two bedrooms, main-floor laundry, and a two-car attached garage in Nature Trails.

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Multifamily Apartment and Dorm Rooms
Multifamily Apartment and Dorm Rooms

2212 Okoboji, Milford, IA 51351

$950,000
1.17 AC lot

Income property includes 10 fully occupied apartment units plus 7 furnished dorm-style rooms along Highway 71.

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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.

Prime Waterfront Land on Okoboji
Prime Waterfront Land on Okoboji

2204 Manhattan Boulevard, Wahpeton, IA 51351

$3,795,000
0.63 AC lot

Incredible West Lake Okoboji building lot with stunning views.

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Estherville Land for Dream Home
Estherville Land for Dream Home

1663 365th Avenue, Estherville, IA 51334

Contact for pricing
0.67 AC lot

Elite Country Club Estates lot ready for your dream home.

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Commercial Lots in Graettinger, Iowa
Commercial Lots in Graettinger, Iowa

N Cedar Avenue, Graettinger, IA 51342

$34,999
0.79 AC lot

Two bare lots, commercially zoned, potential for residential rezoning.

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Undeveloped Land Near Five Island
Undeveloped Land Near Five Island

N Huron Road, Emmetsburg, IA 50536

$294,000
18.85 AC lot

18.85 acres of land near Five Island Lake.

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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
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232nd Ave
MOBILE HOME PARK, TRAILER PARK

232nd Ave, Arnolds Park, IA 51331

Value Estimation by Request
1.53 AC lot
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232nd Ave
MOBILE HOME PARK, TRAILER PARK

232nd Ave, Arnolds Park, IA 51331

Value Estimation by Request
0.39 AC lot
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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
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401 Dm Rd
MOBILE HOME PARK, TRAILER PARK

401 Dm Rd, Arnolds Park, IA 51331-7521

Value Estimation by Request
4.30 AC lot
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249 Dm Rd
MOBILE HOME PARK, TRAILER PARK

249 Dm Rd, Arnolds Park, IA 51331-7574

Value Estimation by Request
6.38 AC lot
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Bascom St
MOBILE HOME PARK, TRAILER PARK

Bascom St, Arnolds Park, IA 51331

Value Estimation by Request
1.04 AC lot
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1927 240th Ave
MOBILE HOME PARK, TRAILER PARK

1927 240th Ave, Arnolds Park, IA 51331

Value Estimation by Request
19.50 AC lot
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195th St
MOBILE HOME PARK, TRAILER PARK

195th St, Arnolds Park, IA 51331

Value Estimation by Request
42.32 AC lot
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Arnolds Park, IA Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Arnolds Park, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,103 square feet of properties for sale, with an estimated market value of $3,685,000.

Sale prices for residential income properties in Arnolds Park, IA start at $595,000, averaging $1,228,333, and reaching up to $2,495,000 — 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

Multifamily properties 3
Duplexes 2
Short term rental properties 1
Triplexes 1

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 $1.1M

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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