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1 Bed
2 Baths
10,882 sqft

$950,000

2212 Okoboji Ave, Milford IA, 51351

Price per sqft$87.30
Built in1947
Property size10,882 sqft
Property typeMulti-family

Overview

Active

Listed Aug 17, 2026

Updated Aug 18

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.

$6,320/mo

Est. mortgage payment based on a $950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
834240

Interior Features

Bedrooms
1
Bathrooms
2
Basement
No

Exterior Features

Lot Size
0.35 Acres

Other Property Details

Taxes
$7,068
Tax Frequency
Annually

Listed by Nic Madsen with Gateway Real Estate Advisors
Listing Contact: 712-540-6562 

Based on information from Northwest Iowa Regional Board of REALTORS. as of 8/18/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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