Up-Down Duplex with Attached
New
For Sale
$250,000
3427 Garretson Ave, Sioux City, IA 51106
MULTI_FAMILY - Sioux City, IA
Property Size2,334 SF
Lot Size0.27 Acres
Price / SF$107.11
Days on Market2
Property Features for 3427 Garretson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC.4
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Elementary school
Spalding
Middle school
East Middle
High school
East High
Subdivision
Mside North
Standard status
Active
APN
884706132010
Size
2,334 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PETERS PLACE EX W 6 FT LOT 20 & L OT 21 & EX E 20 FT L OT 22 BLK K
Tax Annual Amount
3986
Legal Description
PETERS PLACE EX W 6 FT LOT 20 & L OT 21 & EX E 20 FT L OT 22 BLK K
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Listing Agency:
Century 21 ProLink
(712) 224-2300
Listed By:
Eric Banks
(712) 898-8605
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 8:06AM
MLS# 834040
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 up-down duplex offers two self-contained units with sizable living areas. The lower unit includes three bedrooms, while the upper unit includes two bedrooms. Both kitchens are equipped with a refrigerator and stove, and the property includes a washer and dryer. Each side has its own furnace/AC, and all utilities are metered separately, supporting independent occupancy.
Recent exterior and interior updates include new siding, shingles, gutters, and windows, along with new interior paint and new carpeting. The home was built in 1920 and features forced-air heat and central air. An oversized, attached one-stall garage provides additional storage and parking convenience.
The property sits on a 0.2683-acre lot and is zoned NC.4 in Sioux City, IA. The listing also notes the property is next door to Morningside University, which may help support demand from nearby tenants.
Recent exterior and interior updates include new siding, shingles, gutters, and windows, along with new interior paint and new carpeting. The home was built in 1920 and features forced-air heat and central air. An oversized, attached one-stall garage provides additional storage and parking convenience.
The property sits on a 0.2683-acre lot and is zoned NC.4 in Sioux City, IA. The listing also notes the property is next door to Morningside University, which may help support demand from nearby tenants.
Key Highlights
- Up‑down duplex with three bedrooms in the lower unit and two bedrooms in the upper unit
- Separate furnace/AC for each unit and all utilities metered separately
- New siding, shingles, gutters, and windows plus new interior paint and new carpeting
Financial Insights For Multifamily LT 5
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 | $26.6k | $11.40 |
| − Vacancy | −$1.3k | −$0.54 |
| EGI | $25.3k | $10.86 |
| − OpEx | −$7.6k | −$3.26 |
| NOI | $17.7k | $7.60 |
2,334 SF · lease $11.40/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$234.1K
$204.9K – $273.2K
NOI $16,390 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$350.7K
$306.9K – $409.2K
NOI $24,551 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
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 - Up-down duplex with separately metered utilities, separate heating and central air, and an oversized attached one-stall garage.
Where is this duplex located?
The property is located at 3427 Garretson Ave Sioux City, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Up‑down duplex with three bedrooms in the lower unit and two bedrooms in the upper unit; Separate furnace/AC for each unit and all utilities metered separately; New siding, shingles, gutters, and windows plus new interior paint and new carpeting
