1005 S GLASS ST, Sioux City, IA 51106
MULTI_FAMILY - Sioux City, IA
- Added:
- Jul 1, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 2 at 12:06 pm
Property Features for 1005 S GLASS ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- com
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 7, Bathroom 1, Bedroom 7
- Standard status
- Active
- APN
- 894735331011
- Size
- 5,610 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HOLMANS E 1/2 LOTS 1 & 2 BLK 13
- Tax Annual Amount
- 7500
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1961
- Number of units
- 7
Listing agent Nic Madsen (712) 540-6562
Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, IA (712) 226-8000
Listing date Jul 1, 2026
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
- 7‑unit multifamily property offered at $630,000 ($90,000/unit)
- Currently 100% occupied; generating $37,817 NOI
- Built in 1961 as a single‑story building; all units are 1BR/1BA
- Each unit has a private entry and in‑wall AC
- Ownership has renovated 3 of 7 units, reducing near‑term capex needs
Overview
The property is located at 1005 S GLASS ST in Sioux City, IA 51106, in an established South Side Sioux City neighborhood. The listing notes the building is 100% occupied. Zoning is identified as “com.” The lot size is 0.1657 acres, and the total property size is 5,610 square feet.
For buyers seeking a residential income asset, this configuration offers multiple independently accessed 1BR/1BA units within a compact, single-story layout. The current occupancy status provides a starting point for underwriting, while the partially completed renovation work can inform budgeting decisions for the remaining units. For detailed financials and the offering memorandum, contact Daniel Stillson.
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 | $75.4k | $13.44 |
| − Vacancy | −$3.8k | −$0.67 |
| EGI | $71.6k | $12.77 |
| − OpEx | −$32.2k | −$5.75 |
| NOI | $39.4k | $7.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.363144
- Latitude
- 42.481521
