Updated Duplex with
For Sale
$169,000
2110 DOUGLAS ST, Sioux City, IA 51104
MULTI_FAMILY - Sioux City, IA
Property Size1,918 SF
Lot Size0.18 Acres
Price / SF$88.11
Days on Market322
Property Features for 2110 DOUGLAS ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5
Elementary school
Hunt
Middle school
North Middle
High school
North High
Directions
Google maps is accurate
Subdivision
Nside Central
Standard status
Active
APN
19193-894721158005
Size
1,918 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
VINE PLACE LOT 3 BK 1
Tax Annual Amount
1968
Legal Description
VINE PLACE LOT 3 BK 1
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Number of units
2
Listing Agency:
Keller Williams Siouxland · Keller Williams Realty
(712) 226-1900
Listed By:
Brooke Pedersen
(712) 870-3551
Added: Oct 8, 2025
Changed: Aug 19
Last Checked: Aug 25 at 6:06PM
MLS# 830606
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.
Investment Insights
Based on property information with market context.
This duplex offers 1,918 square feet of residential space on a 0.18-acre lot, with five bedrooms and two bathrooms identified in the room configuration. Interior improvements include a complete remodel, while forced-air heating and central air provide year-round mechanical systems. The property was built in 1900 and is zoned Res.
Two detached one-car garages accompany the building and provide additional functional space. Both residential units are fully occupied, and tenants are responsible for their own utilities. Located at 2110 Douglas St in Sioux City, Iowa, the property combines an updated duplex configuration with on-site garage capacity.
Two detached one-car garages accompany the building and provide additional functional space. Both residential units are fully occupied, and tenants are responsible for their own utilities. Located at 2110 Douglas St in Sioux City, Iowa, the property combines an updated duplex configuration with on-site garage capacity.
Key Highlights
- 1,918‑square‑foot duplex on a 0.18‑acre lot
- Two fully rented residential units
- Five bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,580
$291.6K
Cap Rate 7%
$208,271
$208.3K
Cap Rate 9%
$161,989
$162.0K
Market Conditions
NOI Build-Up for 1,918 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $11.40/SF
− Vacancy
−$1.0K −$0.54/SF
EGI
$20.8K $10.86/SF
− OpEx
−$6.2K −$3.26/SF
NOI
$14.6K $7.60/SF
Area
Woodbury County, IA
Vacancy
4.75%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,580
Cap Rate 7%
$208,271
Cap Rate 9%
$161,989
Alternative Uses
Best Use
Multifamily LT 5
$208.3K
$182.2K – $243.0K
NOI $14,579 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$192.4K
$168.4K – $224.5K
NOI $13,469 @ 7.0% cap · market cap 7.97%
Theoretical Best
Specialty Retail
$288.2K
$252.2K – $336.3K
NOI $20,175 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
Business Placement
Demographics for 51104, IA
23,080
Population
9,119
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
3,077
Density / Sq Mi
$74,984
Median Household Income
$42,411
Median Earnings
$955
Median Rent
$193,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature remodeled interiors, central air, and utility costs paid directly by tenants.
Where is this duplex located?
The property is located at 2110 DOUGLAS ST Sioux City, IA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,918‑square‑foot duplex on a 0.18‑acre lot; Two fully rented residential units; Five bedrooms and two bathrooms
