Duplex with Separate
For Sale
$180,000
1301 Morningside Ave, Sioux City, IA 51106
Two residential units offer distinct layouts and individually metered utilities for straightforward property management.
Property Size1,752 SF
Days on Market49
Property Features for 1301 Morningside Ave
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Multifamily
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Building Size
1,752 SF
Year Built
1900
Listing Agency:
NAI United
Listed By:
Aidan Vanderloo · License #IA #S73073000
(712) 577-1267
Source:
Naiunited
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 6:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI United
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex includes one two-bedroom, one-bath residence and a separate one-bedroom, one-bath residence. Each unit has its own utilities, providing distinct service arrangements for the two households.
The property is located at 1301 Morningside Ave in Sioux City, Iowa, near restaurants, schools, and public transportation. Showings require 24-hour notice.
The property is located at 1301 Morningside Ave in Sioux City, Iowa, near restaurants, schools, and public transportation. Showings require 24-hour notice.
Key Highlights
- Two‑bedroom, one‑bath unit paired with a one‑bedroom, one‑bath unit
- Separate utilities serve each unit
- Duplex property built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,317
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,340
$266.3K
Cap Rate 7%
$190,243
$190.2K
Cap Rate 9%
$147,967
$148.0K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$20.0K $11.40/SF
− Vacancy
−$949 −$0.54/SF
EGI
$19.0K $10.86/SF
− OpEx
−$5.7K −$3.26/SF
NOI
$13.3K $7.60/SF
Area
Woodbury County, IA
Vacancy
4.75%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,340
Cap Rate 7%
$190,243
Cap Rate 9%
$147,967
Alternative Uses
Best Use
Multifamily LT 5
$190.2K
$166.5K – $222.0K
NOI $13,317 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$175.8K
$153.8K – $205.1K
NOI $12,303 @ 7.0% cap · market cap 6.83%
Theoretical Best
Specialty Retail
$263.3K
$230.4K – $307.2K
NOI $18,429 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts and individually metered utilities for straightforward property management.
Where is this duplex located?
The property is located at 1301 Morningside Ave Sioux City, IA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath unit paired with a one‑bedroom, one‑bath unit; Separate utilities serve each unit; Duplex property built in 1900
