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For sale
  • $950,000

    2212 Okoboji Ave, Milford, IA 51351

    1beds
    10,882sqft
    : 
    $6,706/mo
    Get pre-qualified
    Multi Family
    Built in 1947
    -- sqft lot
    $906,100 Zestimate®
    $87/sqft
    $-- HOA

    What's special

    Prairie Wind Apartments is a distinctive 17-unit community that blends 10 traditional apartment living with 7 furnished, dorm-style rooms, giving ownership the flexibility to run long-term leases alongside short-stay income. The furnished rooms are well suited to short-term rental platforms like Airbnb, tapping into the steady flow of visitors drawn to the Okoboji lake region each season. Built right along Hwy 71 in Milford, Iowa, the property has a proven rental history and sits within easy reach of the lake region's recreational draw. It's a straightforward, fully occupied asset with room to grow into its market rents. Offered at $950,000. Offering Memorandum available upon request.
    3 days
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Nic Madsen 712-540-6562,

    Gateway Real Estate Advisors

    Source: Northwest Iowa Regional BOR,MLS#: 834240MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 2
      Interior area
      • Total structure area: 10,882
      • Total interior livable area: 10,882 sqft
      • Finished area below ground: 2,000

      Property

      Lot
      • Size: 0.35 Acres
      Details
      • Parcel number: 1106151009
      • Zoning: res
      • Zoning description: res

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1947

      Community & HOA

      Location
      • Region: Milford

      Financial & listing details

      • Price per square foot: $87/sqft
      • Tax assessed value: $712,000
      • Annual tax amount: $7,068
      • Price range: $950K - $950K
      • Date on market: 8/17/2026
      • Total actual rent: 10954
      • Tenant pays: Gas

        Estimated market value

        $906,100

        $861,000 - $951,000

        $943/mo

        Price history

        DateEventPrice
        8/17/2026Listed for sale$950,000$87/sqft
        Source: Northwest Iowa Regional BOR #834240 Report a problem
        8/14/2026Listing removed$950,000$87/sqft
        Source: Iowa Great Lakes BOR #260012 Report a problem
        6/16/2026Price change$950,000-13.6%$87/sqft
        Source: Iowa Great Lakes BOR #260012 Report a problem
        2/13/2026Listed for sale$1,100,000-21.4%$101/sqft
        Source: Iowa Great Lakes BOR #260012 Report a problem
        2/5/2026Listing removed$1,400,000$129/sqft
        Source: Iowa Great Lakes BOR #251006 Report a problem
        9/29/2025Price change$1,400,000-12.5%$129/sqft
        Source: Iowa Great Lakes BOR #251006 Report a problem
        8/5/2025Listed for sale$1,600,000+461.4%$147/sqft
        Source: Iowa Great Lakes BOR #251006 Report a problem
        8/5/2019Sold$285,000-36.5%$26/sqft
        Source: Agent Provided Report a problem
        8/5/2019Listed for sale$449,000$41/sqft
        Source: Remax Lakes Realty #18-1421 Report a problem
        6/11/2019Pending sale$449,000$41/sqft
        Source: Remax Lakes Realty #18-1421 Report a problem
        2/26/2019Price change$449,000-25%$41/sqft
        Source: RE/MAX LAKES REALTY #18-1421 Report a problem
        8/29/2018Listed for sale$599,000+130.4%$55/sqft
        Source: Remax Lakes Realty #18-1421 Report a problem
        9/14/2007Sold$260,000$24/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,068 +96.8%$712,000 +37.2%
        2024$3,592 +11.3%$519,000 +98.4%
        2023$3,226 -9.2%$261,600 +32.9%
        2022$3,552 -0.3%$196,800 -8.6%
        2021$3,562 -38.2%$215,200 -0.1%
        2020$5,767 -42.5%$215,500
        2019$10,027 +6.5%$215,500 -43.2%
        2018$9,413 +15.9%$379,500
        2017$8,124 +7.8%$379,500 +1.5%
        2016$7,538 +3.1%$373,800
        2015$7,308 +52.2%$373,800 +54.6%
        2014$4,802 -15.3%$241,800
        2013$5,668 -42.7%$241,800
        2005$9,900 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 51351

        Getting around

        39 / 100
        Car-Dependent
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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