2212 Okoboji Avenue

Milford, IA 51351

$1,600,000 Listing #273537
Year Built: 1947 Multi-Unit

Exceptional investment opportunity on over an acre along Highway 71 with access from P Avenue on the east side. This versatile property features 10 fully occupied apartments with a strong rental history, plus 7 furnished dorm-style rooms offering excellent potential for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units with room for future expansion, and a separate 1,500 sq ft heated shop with water and sewer is currently rented, providing additional steady income. With prime highway visibility and ample space for further development—whether additional apartments or expanded storage—this property is ready to grow with your vision.

Exterior Features

Lot Size 1.17 acres
Courtesy of Bridget Johnson, NextHome At The Lakes
This content last updated on 9/5/2025 1:29 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Bridget Johnson

IA License #: S67411000 Office: 712.336.9999
Expertise Types: Residential
Professional Designations: REALTOR
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