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4-Unit Residential 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 Market47

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 Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 19021-14-03-455-007
Size 3,537 SF
Lot size 0.20 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities unspecified utilities

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: Selena Flores
Added: Sep 17 Changed: Nov 2 Last Checked: Nov 2 at 4:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This four-unit residential property contains 3,537 square feet, with seven bedrooms and four bathrooms across its apartments. The unit mix includes three apartments with two bedrooms and one bathroom each, plus a one-bedroom, one-bathroom apartment. Baseboard heating serves the property, which was built in 1900.

Three units are currently rented, and each apartment has separate utilities. The property occupies a 0.2025-acre lot in Storm Lake, Iowa, and is zoned R.

Key Highlights

  • Four apartments totaling 3,537 square feet
  • Unit mix: three 2‑bedroom, 1‑bathroom units and one 1‑bedroom, 1‑bathroom unit
  • Seven bedrooms and four bathrooms across the property

Property Analytics

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Lease Details

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

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

Frequently Asked Questions

What type of property is this?
Quadplex - Separate utilities serve each apartment, with three units currently occupied by tenants.
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 apartments totaling 3,537 square feet; Unit mix: three 2‑bedroom, 1‑bathroom units and one 1‑bedroom, 1‑bathroom unit; Seven bedrooms and four bathrooms across the property
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