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    Updated Triplex with Three Units Title is generated by Realmo AI

    518 S Helen St., Sioux City, IA 51106

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    Claim this Listing
    For Sale
    $207,000

    MULTI_FAMILY - Sioux City, IA

    Property size:
    1,584 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $130/SF
    Added:
    Apr 29, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 24 at 10:06 am

    Property Features for 518 S Helen St.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    nc-4
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
    Standard status
    Active
    APN
    894735152008
    Size
    1,584 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    TABLE LOT 4 BLK 6
    Tax Annual Amount
    2773

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Number of units
    3

    We can help!

    Listing Contact
    Stephanie Dattolico

    Listing agent Stephanie Dattolico

    Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, IA

    Listing date Apr 29, 2026

    MLS# 832750 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

    • Triplex at 518 S Helen with 3 separate units: 2‑bed upper, 1‑bed main‑level, and rear studio
    • Year built 1920 with forced air heating
    • Updated units with modern flooring and general improvements
    • Owner‑pays utilities for all units: water, sewer, and trash
    • Owner also pays electric for unit 3

    Overview

    This for-sale triplex at 518 S Helen St. consists of three separate units: an upper 2-bedroom unit, a 1-bedroom main-level unit, and an efficient rear studio. The property is described as well-maintained, with updates that include modern flooring and general improvements across the units, supporting a clean, low-maintenance ownership experience.

    Situated on Sioux City’s east side, the property is listed under NC-4 zoning. The total lot size is 0.2 acres, and the property size is reported as 1,584 square feet.

    For tenants or owner-operators looking for a manageable residential income property, the unit mix provides variety within one building, including both a larger 2-bedroom layout and smaller options. The listing also notes utility responsibilities: the owner pays water, sewer, and trash for all units, and electric for unit 3. This configuration may simplify budgeting while allowing each unit’s living space to function independently.

    Local 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 $18.1k $11.40
    − Vacancy −$858 −$0.54
    EGI $17.2k $10.86
    − OpEx −$5.2k −$3.26
    NOI $12.0k $7.60
    1,584 SF · lease $11.40/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $172.0K
    $150.5K – $200.7K (±1% cap)
    NOI $12,040 @ 7.0% cap · market cap 5.82%
    Second Best
    Apartment 5plus
    $158.9K
    $139.0K – $185.4K (±1% cap)
    NOI $11,123 @ 7.0% cap · market cap 5.37%
    Theoretical Best
    Specialty Retail
    $238.0K
    $208.3K – $277.7K (±1% cap)
    NOI $16,662 @ 7.0% cap · market cap 8.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.369174
    Latitude
    42.486021

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with updated units, offering a straightforward residential income setup and owner-paid utilities for key services.
    Where is this triplex located?
    The property is located at 518 S Helen St. Sioux City, IA.
    What is the asking price?
    The asking price for this property is $207,000.
    What are key features of this property?
    This property features: Triplex at 518 S Helen with 3 separate units: 2‑bed upper, 1‑bed main‑level, and rear studio; Year built 1920 with forced air heating; Updated units with modern flooring and general improvements
    More about this property
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