Townhome Portfolio with Unfinished
1600 26th St, Sioux City, IA 51104
MULTI_FAMILY - Sioux City, IA
Property size:
44,256 SFLot size:
3.37 AcresPrice / SF:
$111/SF- Added:
- Oct 27, 2025
- Days on Market:
- 231
- Last Refresh:
- Jun 14 at 11:06 am
Property Features for 1600 26th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NC.5
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
- Standard status
- Active
- APN
- 894722106000
- Size
- 44,256 SF
- Lot size
- 3.37 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1600 Block of 26th St - DUPONT PARK 2ND DUPONT APARTMENTS APT 5 1/28TH INT COM AREA LOT 179-197 VAC PT OF 26TH ST EXPT TO CITY 1200 Block of 26th St - HYDE PARK LOTS 2-7 INCL BLK 3 KNOWN AS HYDE PARK A PTS
- Tax Annual Amount
- 60172
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1953
- Number of units
- 44
Listing agent Jamie Friedel (712) 539-0990
Listing office Plains Asset Group 513 Jackson St, Sioux City, IA (712) 539-0990
Listing date Oct 27, 2025
MLS# 830791
Listing URL
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
- Portfolio of 44 townhomes in Sioux City, IA sold together as one package
- Two sites: 1200‑1230 26th St with sixteen 2‑bedroom townhomes, plus an included vacant lot adjacent to the site
- Second site: 1510‑1623 26th St with twenty‑eight townhomes—20 three‑bedroom units and 8 two‑bedroom units
- Basements are currently unfinished in the townhomes
- Heating: forced air; cooling: central air
- Year built: 1953
Overview
This offering is a portfolio of 44 townhomes presented together for sale. One site includes sixteen (16) two-bedroom townhomes. The second site contains twenty-eight (28) townhomes, comprised of twenty (20) three-bedroom units and eight (8) two-bedroom units. Basements at the properties are currently unfinished, creating an opportunity for additional value through completion. In addition to the townhome sites, a vacant lot adjacent to the first site is included in the sale. All properties are being sold together as one package.
The townhomes are located at two addresses along 26th Street, with the first site covering 1200–1230 26th Street and the second covering 1510–1623 26th Street. The listing is zoned NC.5, and the overall lot size for the package is 3.37 acres.
For buyers seeking a residential income package, the fixed unit mix across two-bedroom and three-bedroom townhomes provides straightforward tenant targeting by household size. The unfinished basements may also appeal to operators and investors planning renovations or selective improvements, since the improvements are already part of the existing structure. Because the portfolio is sold as one package, this is best suited for parties looking to acquire and manage multiple units under a single transaction.
The townhomes are located at two addresses along 26th Street, with the first site covering 1200–1230 26th Street and the second covering 1510–1623 26th Street. The listing is zoned NC.5, and the overall lot size for the package is 3.37 acres.
For buyers seeking a residential income package, the fixed unit mix across two-bedroom and three-bedroom townhomes provides straightforward tenant targeting by household size. The unfinished basements may also appeal to operators and investors planning renovations or selective improvements, since the improvements are already part of the existing structure. Because the portfolio is sold as one package, this is best suited for parties looking to acquire and manage multiple units under a single transaction.
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 | $594.8k | $13.44 |
| − Vacancy | −$29.7k | −$0.67 |
| EGI | $565.1k | $12.77 |
| − OpEx | −$254.3k | −$5.75 |
| NOI | $310.8k | $7.02 |
44,256 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.44M
$3.88M – $5.18M
NOI $310,783 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.65M
$5.82M – $7.76M
NOI $465,518 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.389634
- Latitude
- 42.516891
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 44-townhome portfolio sold as one package across two sites, with unfinished basements and an included adjacent vacant lot.
Where is this apartment building located?
The property is located at 1600 26th St Sioux City, IA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Portfolio of 44 townhomes in Sioux City, IA sold together as one package; Two sites: 1200‑1230 26th St with sixteen 2‑bedroom townhomes, plus an included vacant lot adjacent to the site; Second site: 1510‑1623 26th St with twenty‑eight townhomes—20 three‑bedroom units and 8 two‑bedroom units
