Magnetic Co ferrite nanoparticles doped with non-magnetic ions (Zn2+) fabricated by modified inverse coprecipitation technique. X-ray calculations show that the average crystallite size (D) and the average lattice constant (a) of CoZn ferrite nanoparticles increase from 32.33 to 52.87 nm and from 8.39 to 8.41Ǻ respectively with increasing non-magnetic Zn2+ ions from 0.00 to 0.55. Morphological forms and M-O at A and B sites studied by SEM and FT-IR spectroscopy. Measurements of the structural, optical, electrical and magnetic characterization of the CoZn ferrite nanoparticles strongly depend on non-magnetic Zn2+ ions content (y). Non-magnetic ions transform Co ferrite from hard and dielectric nature to soft and semiconductor nature. Values of Coercivity and the remanence decrease as non-magnetic Zn2+ ions increases to the minimum values 955 Oe and 6 emu /g for the sample with Zn = 0.55. Co0.45Zn0.55Fe2O4 is might be suitable for high-frequency applications where it has the smallest value of optical gap, the largest value of resistivity and the lowest value of dielectric loss factor.