2512 Jones Sioux City, IA 51104
MULTI_FAMILY - Sioux City, IA
- Added:
- Feb 10, 2025
- Days on Market:
- 516
- Last Refresh:
- Jul 11 at 12:06 pm
Property Features for 2512 Jones
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NC.4
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 5, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
- Standard status
- Active
- APN
- 432825
- Size
- 3,579 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- RENNISON S 1/2 LOT 2 BLK 1 LOT 3 BLK 1
- Tax Annual Amount
- 4215
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1910
- Number of units
- 5
Listing agent Brooke Pedersen (712) 870-3551
Listing office Keller Williams Siouxland 103 Virginia St. Suite 100, Sioux City, IA (712) 226-1900
Listing date Feb 10, 2025
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.
The property is located at 2512 Jones in Sioux City, IA 51104, in Woodbury County. The site is approximately 0.2169 acres, and the property is identified under zoning NC.4.
For buyers looking for an income-focused multifamily asset, this building provides a combination of refreshed unit finishes and established tenancy. With exterior work already completed and common area updates in place, the unit interiors and day-to-day presentation are positioned to appeal to tenants who prioritize move-in-ready conditions. Annual property operating data is available upon request.
Key Highlights
- North side 5‑plex with 5 units and documented tenant history
- Commercial‑grade vinyl siding installed in 2019
- New roof installed in 2017
Local 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 | $48.1k | $13.44 |
| − Vacancy | −$2.4k | −$0.67 |
| EGI | $45.7k | $12.77 |
| − OpEx | −$20.6k | −$5.75 |
| NOI | $25.1k | $7.02 |
