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Updated Duplex Near Fareway
For Sale
$167,000

718 SENECA ST, Storm Lake, IA 50588

Multi-Unit, Storm Lake, IA

Property Size2,488 SF
Lot Size0.14 Acres
Price / SF$67.12
Days on Market152

Property Features for 718 SENECA ST

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 7
Bathrooms 3
Full bathrooms 2
Rooms Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 1
Lot features Trees
Directions Google Maps
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 19021-14-03-206-012
Size 2,488 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 03-02 STORM LAKE CORP HAYES N 1/2 & S 15' LOT 2
Tax Annual Amount 2646
Legal Description 03-02 STORM LAKE CORP HAYES N 1/2 & S 15' LOT 2

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1915
Number of units 2
Listing Agency: Compass Real Estate of NW IA
Listed By: Melissa Perez Martinez
Added: Apr 14 Changed: Sep 9 Last Checked: Sep 12 at 3:06AM
MLS# 832556

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.

Built in 1915, this two-unit duplex contains 2,488 square feet, with approximately 1,244 square feet on each level. The main-floor residence includes three bedrooms, while the upper unit provides four bedrooms. Recent improvements include new siding, a new roof, a replacement sewer line, and updated electrical service. Hot-water heating serves the property, which is zoned Res.

Located at 718 Seneca St in Storm Lake, the property sits across from Fareway and near the center of town, placing shopping, dining, and daily services nearby. Both units are currently rented to seasonal workers, providing an existing rental arrangement for an owner or portfolio operator.

Key Highlights

  • Two‑unit duplex totaling 2,488 square feet
  • Approximately 1,244 square feet on each level
  • Three‑bedroom main‑floor unit and four‑bedroom upper unit

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Gym & Fitness Center Skin Care Clinic Electrical Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

744
Businesses Nearby

Demographics for 50588, IA

13,331
Population
5,040
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
75%
High-School Grad
138.8 sq mi
ZIP Area
96
Density / Sq Mi
$65,475
Median Household Income
$37,964
Median Earnings
$836
Median Rent
$178,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Residentially zoned duplex with renovated systems, two rental units, and convenient access to shopping and town amenities.
Where is this duplex located?
The property is located at 718 SENECA ST Storm Lake, IA.
What is the asking price?
The asking price for this property is $167,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,488 square feet; Approximately 1,244 square feet on each level; Three‑bedroom main‑floor unit and four‑bedroom upper unit
More about this property
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