About This Home

This 7-bedroom, 4-bathroom multi-family at 41 Dewey Street in Arnolds Park, IA is listed for $699,000. Built in 1912, on a 0.32 acres lot.

Key Features

  • Built in 1912
  • 0.32 acre lot

Property Details

1912
Listing Description

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 Lily Pad Is a 1-bedroom, 1-bathroom apartment with approximately 720 square feet and is currently occupied by a long-term tenant. Situated 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.

Monthly Cost Estimate

$3,738/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,029
Insurance$204

Estimates only. Actual payments may vary.

Location

41 Dewey Street

Arnolds Park, IA 51331

Property Details

Construction

Vinyl Siding

Heating

Forced Air

Questions & Answers

This 7-bedroom, 4-bathroom multi-family at 41 Dewey Street is listed at $699,000. The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1912, 0.32 acre lot.

This property is listed by Michael Jensen.

MJ

Michael Jensen

Agent at Jensen Real Estate

Listed by Jensen Real Estate · Broker phone: (712) 320-7245 · View on Broker Site · Broker website

MLS# 260661· Source: Iowa Great Lakes Board of Realtors· 133 days on PropertySimple

Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

41 Dewey Street, Arnolds Park, IA 51331

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