Two-Unit Duplex with Fenced
For Sale
$200,000
2121/2123 Pierce St., Sioux City, IA 51101
Multi-Unit, Sioux City, IA
Property Size1,320 SF
Lot Size0.09 Acres
Price / SF$151.52
Days on Market52
Property Features for 2121/2123 Pierce St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2
Directions
2121-2123 Pierce corner lot.
Subdivision
Nside Central
Standard status
Active
APN
894721158011
Size
1,320 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
HEDGES ALL E OF W 57 FT LOT 6 BLK 1
Tax Annual Amount
1918
Legal Description
HEDGES ALL E OF W 57 FT LOT 6 BLK 1
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
fenced backyard
Building Details
Year built
1900
Number of units
2
Listing Agency:
NextHome Tri State Realty
Listed By:
Terry Hoffman
(712) 224-6398
Added: Sep 8
Changed: Oct 28
Last Checked: Oct 29 at 2:06PM
MLS# 834584
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.
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences: one with three bedrooms and the other with two. The property totals 1,320 square feet on a 0.0918-acre lot, with forced-air heating and central air conditioning. A fenced backyard with a walkout adds outdoor space, and the garage has a flat roof. Updates include a newer water heater and exterior paint completed last year. Built in 1900, the property is zoned RES.
The address is 2121/2123 Pierce St. in Sioux City, Iowa, with access to Hamilton Boulevard and nearby amenities.
The address is 2121/2123 Pierce St. in Sioux City, Iowa, with access to Hamilton Boulevard and nearby amenities.
Key Highlights
- Two units: one with 3 bedrooms and one with 2 bedrooms
- 1,320 square feet on a 0.0918‑acre lot
- Fenced backyard with walkout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,033
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,660
$200.7K
Cap Rate 7%
$143,329
$143.3K
Cap Rate 9%
$111,478
$111.5K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$15.0K $11.40/SF
− Vacancy
−$715 −$0.54/SF
EGI
$14.3K $10.86/SF
− OpEx
−$4.3K −$3.26/SF
NOI
$10.0K $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 Rate 5%
$200,660
Cap Rate 7%
$143,329
Cap Rate 9%
$111,478
Alternative Uses
Best Use
Multifamily LT 5
$143.3K
$125.4K – $167.2K
NOI $10,033 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,270 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
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Business Placement
Demographics for 51101, IA
1,146
Population
723
Households
1.6
Avg Household Size
39
Median Age
11%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
955
Density / Sq Mi
$18,103
Median Household Income
$25,661
Median Earnings
$676
Median Rent
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate three- and two-bedroom residences share a fenced outdoor area and benefit from central air and forced-air heat.
Where is this duplex located?
The property is located at 2121/2123 Pierce St. Sioux City, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and one with 2 bedrooms; 1,320 square feet on a 0.0918‑acre lot; Fenced backyard with walkout
