70-Unit Senior Apartment
For Sale
$4,650,000
5300 Stone Ave, Sioux City, IA 51106
COMMERCIAL - Sioux City, IA
Property SizeContact for details
Lot Size2.83 Acres
Days on Market700
Property Features for 5300 Stone Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Gordon Drive, go north on S Maple St and then turn East on Stone Ave and property will be on your right.
Subdivision
Eastside
Standard status
Active
APN
894736452015
Lot size
2.83 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LL-SC COMM 89-47 AN IRREG TCT BEG NE CORNER NE SW SE THEC S 27 FT THEC W 35 F T TO POB; THEC S 22 0 FT THEC W 204.28 F T THEC N 34 FT THEC W 91.12 FT THEC N 98 FT THEC W 28.6 FT THEC N 88.09 FT THEC E 321.30 FT TO POB NE SW SE 36-89-47
Legal Description
LL-SC COMM 89-47 AN IRREG TCT BEG NE CORNER NE SW SE THEC S 27 FT THEC W 35 F T TO POB; THEC S 22 0 FT THEC W 204.28 F T THEC N 34 FT THEC W 91.12 FT THEC N 98 FT THEC W 28.6 FT THEC N 88.09 FT THEC E 321.30 FT TO POB NE SW SE 36-89-47
Amenities
laundry
controlled access
outside patio
Building Details
Year built
1985
Listing Agency:
Century 21 ProLink
(712) 224-2300
Listed By:
Jennifer Rose Bass
(712) 224-2300
Added: Sep 25, 2024
Changed: Aug 19
Last Checked: Aug 25 at 2:06PM
MLS# 826376
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 senior apartment complex contains 70 residences across two sections on 2.83 acres. The original building dates to 1985 and provides 50 apartments, including 15 efficiencies and 35 one-bedroom units. A 1998 annex adds 20 more residences, consisting of 19 one-bedroom apartments and one two-bedroom apartment. Each unit includes air conditioning and a pull-cord call system.
Resident facilities include laundry, controlled entry, and an outdoor patio. The property offers access to Gordon Drive and Hwy 20, with shopping, grocery stores, and entertainment located within minutes. The complex is designated as HUD housing for residents aged 62 and older. Assumable PRAC financing is available, and the property is reported at a 5% ROI.
Resident facilities include laundry, controlled entry, and an outdoor patio. The property offers access to Gordon Drive and Hwy 20, with shopping, grocery stores, and entertainment located within minutes. The complex is designated as HUD housing for residents aged 62 and older. Assumable PRAC financing is available, and the property is reported at a 5% ROI.
Key Highlights
- 70 apartment units across two parcels totaling 2.83 acres
- 50 apartments in the 1985 building; 20 apartments in the 1998 annex
- Unit mix includes 15 efficiencies, 54 one‑bedroom units, and 1 two‑bedroom unit
Property Analytics
Property Profile
Current Use
Lease Details
70
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
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?
Apartment building - HUD housing for residents aged 62 and older with controlled access, laundry, and outdoor patio space.
Where is this apartment building located?
The property is located at 5300 Stone Ave Sioux City, IA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 70 apartment units across two parcels totaling 2.83 acres; 50 apartments in the 1985 building; 20 apartments in the 1998 annex; Unit mix includes 15 efficiencies, 54 one‑bedroom units, and 1 two‑bedroom unit
