2212 Okoboji

Milford, IA 51351

$1,100,000 Listing #284784
Year Built: 1947 Multi-Unit
Positioned along Highway 71, this income-producing property presents an exceptional value opportunity with built-in visibility and proven performance. Recently divided, this offering includes exclusively the multifamily apartment portion. The property features 10 fully occupied apartment units backed by a strong and consistent rental history, delivering immediate, dependable cash flow. In addition, 7 furnished dorm-style rooms provide flexible income potential through short-term or extended-stay rentals, creating multiple revenue streams within one investment. With stabilized occupancy, high-exposure location, and room for continued income growth, this multifamily asset offers an attractive combination of stability, flexibility, and long-term upside—making it a smart addition to any investment portfolio.

Exterior Features

Lot Size 1.17 acres
Courtesy of Bridget Johnson, NextHome At The Lakes
This content last updated on 4/5/2026 1:30 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