41 Dewey St, Arnolds Park, IA 51331

Amazing opportunity to own three separate rental units in the absolute center of the action in Arnolds Park, Iowa! Unit 1 – The Boathouse features 4 bedrooms, 2 bathrooms, and nearly 2,100 square feet of living space, comfortably accommodating 11–12 guests. This spacious home is ideal for larger families and vacation groups. Unit 2 – The Fieldhouse offers 2 bedrooms, 1 bathroom, and approximately 520 square feet. Perfect for couples, small families, or weekend getaways, this charming unit comfortably sleeps 4–6 guests. Unit 3 – The Koppert Suite is a 1-bedroom, 1-bathroom apartment with approximately 720 square feet and is currently occupied by a long-term tenant paying $1,000 per month year-round, providing immediate income. S ituated on more than one-third of an acre, the property enjoys views of Lake Minnewashta and features a spacious lawn complete with string lighting, creating the perfect outdoor gathering space. The location simply cannot be beat. You are just one block from the nightlife and restaurants of downtown Arnolds Park, one block from Arnolds Park Amusement Park, and one block from the popular public beach on West Lake Okoboji near Bob's. Whether you're looking for an investment property with immediate rental income, a family compound, or a vacation home where you can use one unit and rent the others, this is a rare opportunity in one of Okoboji's most desirable locations.