5

Milford, IA Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • 605 202nd St, Milford, IA 51351
    605 202nd St, Milford, IA 51351
    605 202nd St, Milford, IA 51351
    /43

    $499,000 Open House 10/03

    • 4 Beds
    • 3.5 Baths
    • 2,283 Sq Ft

    605 202nd St, Milford, IA 51351

    Nestled in the highly sought-after Nature Trails community, this 4-bedroom, 4-bathroom home offers an unbeatable location and exceptional features. Just steps from the association pool, adjacent to a serene walking trail, and bordered by a state park on one side and a picturesque pond on the other, this newly constructed duplex is the perfect retreat. Inside, you'll find stunning vaulted wood

    Agent Photo

    Aaron Jones

    RE/MAX Lakes Realty

    (712) 227-7131

    605 202nd St, Milford, IA 51351
  • 1110 N Ave, Milford, IA 51351
    1110 N Ave, Milford, IA 51351
    1110 N Ave, Milford, IA 51351
    /27

    $299,000

    • 6 Beds
    • 3 Baths
    • 1,558 Sq Ft

    1110 N Ave, Milford, IA 51351

    Rare Opportunity in the Heart of Milford, Iowa! Own an entire duplex just steps from everything Milford has to offer. South side features 3 bedrooms (1 non conforming), 2 bathrooms, and a full basement, providing over 1,500 sq. ft. per unit. The North side features 3 bedrooms (1 non conforming), 1 bathrooms, and a full basement, providing over 1,500 sq. ft. per unit. The property also includes a

    Michael Jensen Jensen Real Estate

    1110 N Ave, Milford, IA 51351
  • 2212 Okoboji Ave, Milford, IA 51351
    2212 Okoboji Ave, Milford, IA 51351
    2212 Okoboji Ave, Milford, IA 51351
    /31

    $1,600,000

    • 24 Beds
    • 12 Baths
    • 8,670 Sq Ft

    2212 Okoboji Ave, Milford, IA 51351

    Exceptional investment opportunity on over an acre along Highway 71 with access from P Avenue on the east side. This versatile property features 10 fully occupied apartments with a strong rental history, plus 7 furnished dorm-style rooms offering excellent potential for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units with room for future expansion, and a

    Bridget Johnson NextHome at the Lakes

    2212 Okoboji Ave, Milford, IA 51351
  • 3212 Prairie Meadow Dr Unit A, Milford, IA 51351
    3212 Prairie Meadow Dr Unit A, Milford, IA 51351
    3212 Prairie Meadow Dr Unit A, Milford, IA 51351
    /26

    $399,999

    • 3 Beds
    • 2 Baths
    • 1,432 Sq Ft

    3212 Prairie Meadow Dr Unit A, Milford, IA 51351

    Get ready to be impressed!!! 3 bed 2 bath Duplex in the beautiful Nature Trails neighborhood! Gorgeous finishes! Awesome back yard views! Association pool! Set up your private viewing today!

    Charlie Leissler RE/MAX Lakes Realty

    3212 Prairie Meadow Dr Unit A, Milford, IA 51351
  • 1018 S Emerald Hills Dr, Arnolds Park, IA 51331
    1018 S Emerald Hills Dr, Arnolds Park, IA 51331
    1018 S Emerald Hills Dr, Arnolds Park, IA 51331
    /32

    $595,000

    • 3 Beds
    • 2 Baths
    • 1,885 Sq Ft

    1018 S Emerald Hills Dr, Arnolds Park, IA 51331

    1018 Emerald Hills Drive – Golfer’s Delight! Impeccably maintained patio home located directly on the 9th hole of the prestigious Emerald Hills Golf Course. This open and airy 3-bedroom, 2-bathroom duplex is loaded with upgrades and thoughtfully designed for effortless living. The oversized primary suite features a spacious walk-in closet conveniently connected to the laundry room, and a

    Gretchen Lolis Hinn Real Estate

    1018 S Emerald Hills Dr, Arnolds Park, IA 51331
Iowa Dickinson County Milford

Multi-Family Homes & Duplexes for Sale in Milford, IA

Why Live in Milford

Milford, IA, is a small community known as the gateway to the Iowa Great Lakes, with Highway 71 providing direct access to nearby lake points, resorts, and entertainment hubs. The city fosters a friendly atmosphere where residents enjoy a mix of historic and modern homes, including bungalows, ranches, American Foursquares, condos, duplexes, and manufactured homes. The Okoboji Community School District serves the area, with highly rated schools like Okoboji Elementary School and Okoboji Middle School. Local businesses and restaurants are primarily located along Highway 71, featuring favorites such as Perkins American Food Co., Mill Creek Restaurant and Lounge, and Oak Hill Outdoor. Milford Pioneer Theater offers a cozy spot for movie nights, while Little Sioux Orchard provides seasonal apple picking and fresh pies. Parks like Florence Park, Calkins Park, and Memorial Park offer various recreational activities, and wildlife areas such as Horseshoe Bend Wildlife Area are popular for hiking and camping. The community is connected by Highway 71 and State Route 86, with the nearest hospital 7 miles away in Spirit Lake and Sioux Falls Regional Airport 103 miles away. Annual events like RAGBRAI and Pioneer Days bring vibrant celebrations to the city, making Milford a lively place with plenty of things to do.

Learn more about living in Milford

Home Trends in Milford, IA

On average, homes in Milford, IA sell after 55 days on the market compared to the national average of 52 days. The median sale price for homes in Milford, IA over the last 12 months is $360,500, down 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$360,500
Median Single Family Sale Price
$415,000
Median 2 Bedroom Sale Price
$140,000
Median 1 Bedroom Sale Price
$238,000
Average Price Per Sq Ft
$292
Number of Homes for Sale
15
Last 12 months Home Sales
62
Months of Supply
2.90
Median List Price
$418,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-1%
How to Buy a Home How to Finance a Home How to Sell a Home

In Milford, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $299,000 to $1,600,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Milford is $418,000, while the average sale price is $577,451, offering insights into the local housing market. On average, multi-family homes spend 55 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Milford, IA.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group