Tenant-Occupied Duplex Income
1208 JENNINGS ST Sioux City, IA 51105
For Sale
$162,000
MULTI_FAMILY - Sioux City, IA
Property Size1,792 SF
Lot Size0.06 Acres
Price / SF$90.40
Days on Market119
Property Features for 1208 JENNINGS ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC.4
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
Standard status
Active
APN
19193-894728205006
Size
1,792 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
SIOUX CITY EAST S 10 FT W 50 FT LOT 4 & N 40 FT W 50 FT LOT 5 BLK 105
Tax Annual Amount
1778
Utilities
Heating system
Radiant
Cooling system
Window Unit(s)
Building Details
Year built
1890
Number of units
2
Listing Agency:
Keller Williams Siouxland
(712) 226-1900
Listed By:
Mandy Wagner
(712) 253-3869
Added: Apr 2
Changed: Jul 29
Last Checked: Jul 29 at 12:06PM
MLS# 832344
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 tenant-occupied duplex includes two units with a total of 4 bedrooms and 2 bathrooms. Each unit has its own kitchen and living space, and the property is equipped with major appliances, including two refrigerators and stove/oven units. A shared washer and dryer are included as well.
The property is located at 1208 JENNINGS ST in Sioux City, Iowa 51105, in Woodbury County, and is identified with zoning NC.4. Both units are on month-to-month leases, providing immediate rental income.
With separate living areas and in-unit kitchens, the duplex offers a straightforward two-unit residential income setup for the next owner. The appliances and shared laundry equipment included on-site support a turnkey transition.
The property is located at 1208 JENNINGS ST in Sioux City, Iowa 51105, in Woodbury County, and is identified with zoning NC.4. Both units are on month-to-month leases, providing immediate rental income.
With separate living areas and in-unit kitchens, the duplex offers a straightforward two-unit residential income setup for the next owner. The appliances and shared laundry equipment included on-site support a turnkey transition.
Key Highlights
- Duplex with 2 tenant‑occupied units on month‑to‑month leases
- Total layout includes 4 bedrooms and 2 bathrooms across both units
- Each unit has its own kitchen and living space
Financial Insights For Multifamily LT 5
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 | $20.4k | $11.40 |
| − Vacancy | −$970 | −$0.54 |
| EGI | $19.5k | $10.86 |
| − OpEx | −$5.8k | −$3.26 |
| NOI | $13.6k | $7.60 |
1,792 SF · lease $11.40/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$194.6K
$170.3K – $227.0K
NOI $13,621 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$269.3K
$235.6K – $314.2K
NOI $18,850 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two tenant-occupied units, each with kitchen and living space, plus shared washer and dryer and major appliances.
Where is this duplex located?
The property is located at 1208 JENNINGS ST Sioux City, IA.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: Duplex with 2 tenant‑occupied units on month‑to‑month leases; Total layout includes 4 bedrooms and 2 bathrooms across both units; Each unit has its own kitchen and living space
