44-Unit Townhome Apartment
For Sale
$4,500,000
1600 26th St #ET AL, Sioux City, IA 51104
Two-site offering includes unfinished basements and an adjacent vacant lot.
Property Size44,256 SF
Days on Market358
Property Features for 1600 26th St #ET AL
General Information
Standard status
Active
Size
44,256 SF
Property subtype
Multi-Family
Units
Unit Mix
16 x 2BR, 20 x 3BR, 8 x 2BR
Multifamily Units
44
Building Details
Building Size
44,256 SF
Year Built
1953
Listing Agency:
Plains Asset Group
Listed By:
Jamie Friedel
(712) 539-0990
Source:
Markhanson.kw
Added: Oct 27, 2025
Changed: Oct 4
Last Checked: Oct 16 at 5:44AM
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 Plains Asset Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building portfolio comprises 44 townhomes across two Sioux City sites. The first location includes 16 two-bedroom units and an adjoining vacant parcel. The second contains 28 residences, with a mix of 20 three-bedroom and eight two-bedroom townhomes. The properties were built in 1953 and are offered together as one package.
Basements at the second site are unfinished, providing additional interior space for future completion. The portfolio includes properties along 26th Street, with the first group at 1200–1230 26th Street and the second at 1510–1623 26th Street. The combined offering provides a defined unit mix across two established townhome locations.
Basements at the second site are unfinished, providing additional interior space for future completion. The portfolio includes properties along 26th Street, with the first group at 1200–1230 26th Street and the second at 1510–1623 26th Street. The combined offering provides a defined unit mix across two established townhome locations.
Key Highlights
- 44 townhomes offered together as one package
- 16 two‑bedroom townhomes at 1200–1230 26th Street
- 28 townhomes at 1510–1623 26th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,783
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,215,660
$6.2M
Cap Rate 7%
$4,439,757
$4.4M
Cap Rate 9%
$3,453,144
$3.5M
Market Conditions
NOI Build-Up for 44,256 SF
Gross rent
$594.8K $13.44/SF
− Vacancy
−$29.7K −$0.67/SF
EGI
$565.1K $12.77/SF
− OpEx
−$254.3K −$5.75/SF
NOI
$310.8K $7.02/SF
Area
Woodbury County, IA
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,215,660
Cap Rate 7%
$4,439,757
Cap Rate 9%
$3,453,144
Alternative Uses
Best Use
Apartment 5plus
$4.44M
$3.88M – $5.18M
NOI $310,783 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.65M
$5.82M – $7.76M
NOI $465,518 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 51104, IA
23,080
Population
9,119
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
3,077
Density / Sq Mi
$74,984
Median Household Income
$42,411
Median Earnings
$955
Median Rent
$193,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-site offering includes unfinished basements and an adjacent vacant lot.
Where is this apartment building located?
The property is located at 1600 26th St #ET AL Sioux City, IA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 44 townhomes offered together as one package; 16 two‑bedroom townhomes at 1200–1230 26th Street; 28 townhomes at 1510–1623 26th Street
