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Four-Unit Multifamily Property
For Sale
$230,000

107 SENECA ST, Storm Lake, IA 50588

Multi-Unit, Storm Lake, IA

Property Size3,537 SF
Lot Size0.20 Acres
Price / SF$65.03
Days on Market12

Property Features for 107 SENECA ST

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R
Bedrooms 7
Bathrooms 4
Full bathrooms 2
Rooms Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 19021-14-03-455-007
Size 3,537 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description See abstract
Tax Annual Amount 4138
Legal Description See abstract

Utilities

Heating system Baseboard

Building Details

Year built 1900
Number of units 4
Listing Agency: Compass Real Estate of NW IA
Listed By: Mark Redenbaugh · License #B55603
Added: Sep 17 Changed: Sep 23 Last Checked: Sep 28 at 2:06AM
MLS# 834649

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 four-unit multifamily property contains 3,537 square feet on 0.2025 acres and was built in 1900. The unit mix includes three two-bedroom, one-bath units and one one-bedroom, one-bath unit, creating a combined total of 7 bedrooms and 4 bathrooms. Units are distributed across the basement, main, second, and top floors, with baseboard heating throughout the property.

Located at 107 Seneca St in Storm Lake, Iowa, the property is near the lake and local parks. Three units are rented, while the fourth provides additional leasing capacity. Each unit has separate utilities, and the property is zoned R.

Key Highlights

  • Four‑unit property with 7 bedrooms and 4 bathrooms
  • 3,537 square feet on a 0.2025‑acre lot
  • Unit mix includes three 2‑bedroom units and one 1‑bedroom unit

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store Electrical Service Gym & Fitness Center Kitchen & Bath Showroom

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

4
Residential units
75%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

187
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
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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?
Quadplex - Seven bedrooms, four bathrooms, separate utilities, and three occupied units support ongoing rental operations.
Where is this quadplex located?
The property is located at 107 SENECA ST Storm Lake, IA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Four‑unit property with 7 bedrooms and 4 bathrooms; 3,537 square feet on a 0.2025‑acre lot; Unit mix includes three 2‑bedroom units and one 1‑bedroom unit
More about this property
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