Residential Income Apartment
2429-47 Williams Ave. Sioux City, IA 51103
For Sale
$825,000
MULTI_FAMILY - Sioux City, IA
Property Size6,625 SF
Lot Size0.69 Acres
Price / SF$124.53
Days on Market105
Property Features for 2429-47 Williams Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SC
Bedrooms
7
Bathrooms
10
Rooms
Bedroom 1, Bedroom 7, Bathroom 6, Bathroom 8, Bathroom 4, Bedroom 2, Bathroom 10, Bathroom 2, Bathroom 5, Bathroom 7, Bedroom 5, Bathroom 9, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Standard status
Active
APN
884801204006
Size
6,625 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
FLOYD PARK LOTS 9-13 INCL & LOT 14 BLK 9
Tax Annual Amount
11126
Utilities
Heating system
Forced Air
Building Details
Year built
1952
Number of units
13
Listing Agency:
Keller Williams Siouxland
(712) 226-1900
Listed By:
LaNay Welch
(712) 226-1900
Added: Apr 16
Changed: Jul 29
Last Checked: Jul 29 at 6:06AM
MLS# 832586
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 multifamily apartment building includes 13 units with a mix of 1-bedroom brick homes, studio apartments, and 2-bedroom units. Major appliances are included with the units, and tenants pay for all utilities except water. Air conditioning units are tenant-owned, which may reduce the building’s maintenance responsibility for cooling equipment.
The property is located at 2429-47 Williams Ave. in Sioux City, Iowa, in Woodbury County. The listing notes several tenants have lived at the property for years, supporting a long-standing rental base.
A 1-bedroom unit includes a full basement with the potential to be converted into additional living quarters, according to the listing remarks. The property is described as fully rented at the time of listing.
The property is located at 2429-47 Williams Ave. in Sioux City, Iowa, in Woodbury County. The listing notes several tenants have lived at the property for years, supporting a long-standing rental base.
A 1-bedroom unit includes a full basement with the potential to be converted into additional living quarters, according to the listing remarks. The property is described as fully rented at the time of listing.
Key Highlights
- Commercial property with forced air heating and a 1952 year built
- 100% occupancy across 13 rental units
- Generates over $9,000 in monthly rental income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.0k | $13.44 |
| − Vacancy | −$4.5k | −$0.67 |
| EGI | $84.6k | $12.77 |
| − OpEx | −$38.1k | −$5.75 |
| NOI | $46.5k | $7.02 |
6,625 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$664.6K
$581.5K – $775.4K
NOI $46,523 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$995.5K
$871.1K – $1.16M
NOI $69,687 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with 13 units, 100% occupancy, and appliances included with tenant-paid utilities except water.
Where is this apartment building located?
The property is located at 2429-47 Williams Ave. Sioux City, IA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Commercial property with forced air heating and a 1952 year built; 100% occupancy across 13 rental units; Generates over $9,000 in monthly rental income
