Two-Unit Duplex with
For Sale
$160,000
Pending
2005-07 Ross St., Sioux City, IA 51103
Each one-bedroom residence includes laundry space and access to the garage.
Property Size1,180 SF
Days on Market69
Property Features for 2005-07 Ross St.
General Information
Standard status
Pending
Size
1,180 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Amenities
basement
laundry
Building Details
Building Size
1,180 SF
Year Built
1939
Buildings
1
Listing Agency:
United Real Estate Solutions
(712) 301-9355
Listed By:
Patti Robinson
(712) 301-9355
Source:
Markhanson.kw
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 8:19PM
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 United Real Estate Solutions
Investment Insights
Based on property information with market context.
This two-unit duplex contains one bedroom in each residence and was built in 1939. Both units include basement space, providing additional areas within the building, along with laundry facilities and a door leading to the garage.
Located at 2005-07 Ross St. in Sioux City, Iowa, the property offers a compact residential income configuration with two separately occupied living spaces under one ownership structure. The basement and garage access features add functional support space beyond the main living areas.
Located at 2005-07 Ross St. in Sioux City, Iowa, the property offers a compact residential income configuration with two separately occupied living spaces under one ownership structure. The basement and garage access features add functional support space beyond the main living areas.
Key Highlights
- Duplex configuration with one bedroom in each unit
- Basement space included with both residences
- Laundry facilities located in the basement areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,969
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,380
$179.4K
Cap Rate 7%
$128,129
$128.1K
Cap Rate 9%
$99,656
$99.7K
Market Conditions
NOI Build-Up for 1,180 SF
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.
Gross rent
$13.5K $11.40/SF
− Vacancy
−$639 −$0.54/SF
EGI
$12.8K $10.86/SF
− OpEx
−$3.8K −$3.26/SF
NOI
$9.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,380
Cap Rate 7%
$128,129
Cap Rate 9%
$99,656
Alternative Uses
Best Use
Multifamily LT 5
$128.1K
$112.1K – $149.5K
NOI $8,969 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$118.4K
$103.6K – $138.1K
NOI $8,286 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$177.3K
$155.2K – $206.9K
NOI $12,412 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 51103, IA
16,827
Population
6,867
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
12.1 sq mi
ZIP Area
1,391
Density / Sq Mi
$57,212
Median Household Income
$35,136
Median Earnings
$887
Median Rent
$124,400
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?
Duplex - Each one-bedroom residence includes laundry space and access to the garage.
Where is this duplex located?
The property is located at 2005-07 Ross St. Sioux City, IA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Duplex configuration with one bedroom in each unit; Basement space included with both residences; Laundry facilities located in the basement areas
