Three-Unit Triplex
2308-10 Jones St. Sioux City, IA 51104
New
For Sale
$259,900
MULTI_FAMILY - Sioux City, IA
Property Size2,172 SF
Lot Size0.15 Acres
Price / SF$119.66
Days on Market2
Property Features for 2308-10 Jones St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC.4
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Standard status
Active
APN
894721251008
Size
2,172 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LAWN RIDGE S 41.9 FT LOT 8 BLK 11
Tax Annual Amount
3715
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1961
Number of units
3
Listing Agency:
Keller Williams Siouxland
(712) 226-1900
Listed By:
Thuy Baker
(712) 212-6909
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 1:06PM
MLS# 833978
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 well-maintained triplex consists of three separate units. Each unit has its own central heating and air conditioning, along with a private laundry room and separate gas and electric utilities. The owner has completed extensive remodeling since purchasing the property in 2021, including an A/C replacement in Unit 2308 1/2 in 2025 and a roof replacement in 2021.
The property is located on Jones St. in Sioux City, IA 51104, within Woodbury County, and is zoned NC.4. The gross rental income is stated as $2,910 per month when fully occupied. The owner is responsible only for water and garbage.
With three units and independently metered utilities, the layout is designed to support both investor ownership and owner-occupancy by allowing rental income from multiple units while maintaining separate living spaces.
The property is located on Jones St. in Sioux City, IA 51104, within Woodbury County, and is zoned NC.4. The gross rental income is stated as $2,910 per month when fully occupied. The owner is responsible only for water and garbage.
With three units and independently metered utilities, the layout is designed to support both investor ownership and owner-occupancy by allowing rental income from multiple units while maintaining separate living spaces.
Key Highlights
- Triplex with 3 units; each unit has its own central heating and central A/C
- Private laundry room in each unit plus separate gas and electric utilities
- A/C in Unit 2308 1/2 replaced in 2025
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 | $24.8k | $11.40 |
| − Vacancy | −$1.2k | −$0.54 |
| EGI | $23.6k | $10.86 |
| − OpEx | −$7.1k | −$3.26 |
| NOI | $16.5k | $7.60 |
2,172 SF · lease $11.40/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$217.9K
$190.7K – $254.2K
NOI $15,253 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$326.4K
$285.6K – $380.8K
NOI $22,847 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with three units, each with central heating and A/C, private laundry, and separate utilities.
Where is this triplex located?
The property is located at 2308-10 Jones St. Sioux City, IA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Triplex with 3 units; each unit has its own central heating and central A/C; Private laundry room in each unit plus separate gas and electric utilities; A/C in Unit 2308 1/2 replaced in 2025
