Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Occupied Fourplex Title is generated by Realmo AI

    1722 NEBRASKA ST, Sioux City, IA 51105

    View on Map
    Claim this Listing
    For Sale
    $162,500

    MULTI_FAMILY - Sioux City, IA

    Property size:
    2,818 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $57/SF
    Added:
    Feb 20, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 1722 NEBRASKA ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    NC-5
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Standard status
    Active
    APN
    19193-894721336001
    Size
    2,818 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    HIGMANS 2ND EX E 40 FT LOT 1 & E X E 40 FT N 10 FT LO T 2 BLK 14
    Tax Annual Amount
    2398

    Utilities

    Heating system
    Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1905
    Number of units
    4

    We can help!

    Listing Contact
    Jamie Friedel

    Listing agent Jamie Friedel

    Listing office Plains Asset Group 513 Jackson St, Sioux City, IA

    Listing date Feb 20, 2026

    MLS# 831876 Listing URL

    Copyright © 2026 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.

    HighLights

    • Fully occupied fourplex in Sioux City with a stable tenant base
    • 2023 exterior improvements include a new roof, new gutters, and fresh paint
    • Select interior updates reported
    • Year built: 1905
    • Baseboard heating with window unit(s) for cooling
    • Rooms include 4 bedrooms and 4 bathrooms

    Overview

    This fully occupied fourplex is set up for investors seeking immediate income and steady long-term potential. The building includes select interior updates and was supported by exterior improvements completed in 2023, including a new roof, new gutters, and fresh paint. With a tenant base already in place and a solid rental history, the property is positioned for continued performance without waiting for lease-up.

    Located in Sioux City, Iowa at 1722 Nebraska St (51105), the asset benefits from straightforward access for ongoing operations and property management. It sits on a compact lot and is designated under NC-5 zoning, supporting its established multifamily use.

    For buyers building a portfolio or anyone looking for a residential income property with reliable occupancy, this fourplex offers a practical mix of stability and recent capital improvements. The combination of active tenancy, documented updates, and maintained exterior condition can help reduce near-term renovation concerns, while the unit configuration supports income diversification across four separate rental spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.403248
    Latitude
    42.508967

    Nearby Similar for Sale

    • $900,000

      Freestanding General Commercial Office Building

      Single-story office building on a strong commercial corridor, with concrete on-site parking and flexible space for office or medical use.
      303 W 24TH ST, Sioux City, IA 51104
      View Details
    • $825,000
      6,625 SF

      Multifamily Income Property

      Fully rented 13-unit mix with tenant-paid utilities and tenant-owned A/Cs, supporting steady investment income potential.
      2429-47 Williams Ave., Sioux City, IA 51103
      View Details
    • $1,200,000
      22,500 SF

      Downtown Sioux City Office Building

      Three-story commercial building in downtown Sioux City with parking.
      820 PIERCE ST, Sioux City, IA 51101
      View Details
    • $700,000

      Corner Mixed-Use Office/Retail Building

      Highly visible corner property with flexible two-floor layout and power capacity, well-suited for investment or owner-user use.
      501 Pearl Street, Sioux City, IA 51101
      View Details
    • $550,000

      Leased Nightlife and Retail Building

      Turnkey, multi-tenant building with two long-term leases positioned for income from day one.
      1923 Pierce Street, Sioux City, IA 51104
      View Details
    • $869,900
      924 SF

      Sioux City Multifamily Investment

      Six-unit multifamily property in Sioux City, fully rented.
      1520-22 Martha, Sioux City, IA 51105
      View Details
    • $397,500

      Commercial Property in Sioux City, IA

      Well-located commercial property with proven rental income and future potential.
      4242 GORDON DR, Sioux City, IA 51106
      View Details
    • $2,600,000

      Fully Renovated Extended-Stay Hotel

      Modernized 71-room extended-stay facility with guest-friendly amenities, positioned directly across from airport expansion.
      6166 HARBOR DR, Sioux City, IA 51111
      View Details
    • $315,000

      Corner Lot Office Building

      Move-in ready office building with remodeled upper floor, private parking, and multiple private offices.
      623 Jackson Street, Sioux City, IA 51101
      View Details
    • $289,900
      3,892 SF

      Fully Rented 4-Plex with Updated Systems

      Well-maintained, fully rented 4-plex with 2022 roof and siding plus multiple newer furnaces and a unit mini-split.
      505 17TH Street, Sioux City, IA 51105
      View Details
    • $207,000
      1,584 SF

      Updated Triplex in Sioux City

      Well-maintained triplex with updated units, ideal for investment.
      518 S Helen St., Sioux City, IA 51106
      View Details
    • $1,960,000
      14,904 SF

      Sioux City 24-Unit Apartment Complex

      Well-maintained 24-unit apartment complex near Morningside University.
      4001 Orleans Ave, Sioux City, IA 51106
      View Details

    FAQs

    What type of property is this?
    Quadplex - A stable, income-producing four-unit property with recent exterior upgrades and a proven rental history.
    Where is this quadplex located?
    The property is located at 1722 NEBRASKA ST Sioux City, IA.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: Fully occupied fourplex in Sioux City with a stable tenant base; 2023 exterior improvements include a new roof, new gutters, and fresh paint; Select interior updates reported
    (712) 539-0990
    We can help!
    Listing Contact
    Jamie Friedel
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1722 NEBRASKA ST, Sioux City, IA 51105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!