1901 S NICOLLET ST, Sioux City, IA 51106
MULTI_FAMILY - Sioux City, IA
- Added:
- Jun 17, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 20 at 8:06 am
Property Features for 1901 S NICOLLET ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- mu
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2
- 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
Building Details
- Year built
- 1905
- Number of units
- 3
Listing agent Nic Madsen (712) 540-6562
Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, IA (712) 226-8000
Listing date Jun 17, 2026
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
- Fully occupied triplex with immediate income and 100% occupancy
- Unit mix: two 1 bed, 1 bath units on the main floor
- Renovated upper‑level unit offers 2 bed, 1 bath layout
- Three separate income streams from the triplex configuration
- Detached outbuilding included on the property
- Year built: 1905
Overview
The property is located at 1901 S Nicollet St in Sioux City, Iowa (Woodbury County). The lot size is listed at 0.09 acres, with a total building size of 2,126 square feet.
For buyers seeking a stabilized, multi-unit asset with multiple income streams, this fully occupied triplex offers practical unit variety across three separate leases. With two 1-bedroom units on the main floor and a renovated 2-bedroom unit upstairs, the property may appeal to investors looking for an uncomplicated entry into residential income ownership, supported by current occupancy and a mix of tenant-ready layouts.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.351004
- Latitude
- 42.471461
