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    1003 Pierce St Sioux City, IA 51105

    For Sale
    $1,950,000

    Multi-Unit - Sioux City, IA

    Property size:
    9,537 SF
    Lot size:
    0.52 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1003 Pierce St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GC
    APN
    894728115013
    Size
    9,537 SF
    Lot size
    0.52 Acres

    Building Details

    Year built
    1920
    Architectural style
    Other

    Gateway Real Estate Advisors (712) 898-8372

    Listing agent Erin Rooney (712) 226-8000 License #17240

    Listing date Oct 20, 2025

    MLS# 829357 Listing URL

    Copyright © 2025 Northwest Iowa Regional 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.

    Overview

    Sioux City Multifamily Investment Property

    Pierce Place Studios is a 59-unit multifamily property located at 1003, 1007, and 1011 Pierce Street in Sioux City, Iowa. The complex comprises 51 studio apartments and 4 one-bedroom units. The property has seen recent upgrades, including fresh common area paint, a roof replacement in 2019, a new fire alarm panel, and updates to a number of residential units. Situated on a 0.52-acre lot, the property encompasses 9,537 square feet. Located minutes from downtown Sioux City, Pierce Place Studios provides access to local employers, public transit, shopping, and entertainment. The property is zoned GC.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Phoenix Apartments Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.405405
    Latitude
    42.500921

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    FAQs

    What type of property is this?
    Apartment building - 59-unit multifamily property in the heart of Sioux City, Iowa.
    Where is this apartment building located?
    The property is located at 1003 Pierce St Sioux City, IA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - 59-unit multifamily property in a central Sioux City location.; - Mix of studio and one-bedroom units.; - Recent upgrades including roof replacement (2019) and new fire alarm panel.
    (712) 226-8000
    Request Owner's contact information
    1003 Pierce St Sioux City, IA 51105
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    Sioux City, IA 51105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1003 Pierce St Sioux City, IA 51105
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