Triplex with Detached
For Sale
$275,000
1901 S NICOLLET ST, Sioux City, IA 51106
MULTI_FAMILY - Sioux City, IA
Property Size2,126 SF
Lot Size0.09 Acres
Price / SF$129.35
Days on Market49
Property Features for 1901 S NICOLLET ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
mu
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2
Directions
maps
Subdivision
Mside Central
Standard status
Active
APN
884705115001
Size
2,126 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ALDINE PLACE N 84 FT LOT 1 & STRIP ON E SIDE OF LOT 2 BLK 1
Tax Annual Amount
2688
Legal Description
ALDINE PLACE N 84 FT LOT 1 & STRIP ON E SIDE OF LOT 2 BLK 1
Building Details
Year built
1905
Number of units
3
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Jun 17
Changed: Jul 31
Last Checked: Aug 4 at 12:06PM
MLS# 833439
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 fully occupied triplex includes three separate income-producing units, configured as two main-floor 1-bedroom, 1-bath apartments and a renovated upper-level unit with 2 bedrooms and 1 bathroom. A detached outbuilding is included with the property.
The building is located at 1901 S Nicollet St in Sioux City, IA 51106, in Woodbury County. The property sits on a 0.09-acre lot and totals 2,126 square feet. Zoning is listed as mu, and the property was built in 1905.
The unit mix provides variety across three layouts, with the upper unit described as renovated and already operating with market rents.
The building is located at 1901 S Nicollet St in Sioux City, IA 51106, in Woodbury County. The property sits on a 0.09-acre lot and totals 2,126 square feet. Zoning is listed as mu, and the property was built in 1905.
The unit mix provides variety across three layouts, with the upper unit described as renovated and already operating with market rents.
Key Highlights
- Two main‑floor 1 bed 1 bath units plus a renovated upper 2 bed 1 bath unit
- Fully occupied triplex with 100% occupancy
- Detached outbuilding included
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 | $24.2k | $11.40 |
| − Vacancy | −$1.2k | −$0.54 |
| EGI | $23.1k | $10.86 |
| − OpEx | −$6.9k | −$3.26 |
| NOI | $16.2k | $7.60 |
2,126 SF · lease $11.40/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.9K
$202.0K – $269.3K
NOI $16,160 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$213.3K
$186.6K – $248.8K
NOI $14,930 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$319.5K
$279.5K – $372.7K
NOI $22,363 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
428
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied triplex with two main-floor 1 bed 1 bath units and a renovated upper 2 bed 1 bath unit.
Where is this triplex located?
The property is located at 1901 S NICOLLET ST Sioux City, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two main‑floor 1 bed 1 bath units plus a renovated upper 2 bed 1 bath unit; Fully occupied triplex with 100% occupancy; Detached outbuilding included
