• 12 days on site
  • 1 views

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.

Source: Iowa Great Lakes MLS, MLS#: 260661

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  • Property Type
    Residential Income
  • Lot
    0.32 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 41 Dewey Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/17/2026Source: Iowa Great Lakes MLS Added to Database
June 17, 2026
Listing provided courtesy of Jensen Real Estate- MLS# 260661MLS ProviderContact Information: PRIM: 712-320-7245