2429-47 Williams Ave., Sioux City, IA 51103
MULTI_FAMILY - Sioux City, IA
- Added:
- Apr 16, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 13 at 6:06 pm
Property Features for 2429-47 Williams Ave.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SC
- Bedrooms
- 7
- Bathrooms
- 10
- Rooms
- Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 8, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 9, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2, Bathroom 10
- Standard status
- Active
- APN
- 884801204006
- Size
- 6,625 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- FLOYD PARK LOTS 9-13 INCL & LOT 14 BLK 9
- Tax Annual Amount
- 11126
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1952
- Number of units
- 13
Listing agent LaNay Welch (712) 226-1900
Listing office Keller Williams Siouxland 103 Virginia St. Suite 100, Sioux City, IA (712) 226-1900
Listing date Apr 16, 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
- 13‑unit commercial property built in 1952 with forced‑air heating
- Over $9,000 in monthly rental income with 100% occupancy
- Unit mix includes several 1‑bedroom brick homes, four studio apartments, and two 2‑bedroom units
- Major appliances stay with the units
- Tenants pay for all utilities except water
- Air conditioning units are tenant‑owned
Overview
The property is located at 2429-47 Williams Ave., Sioux City, IA 51103, in Woodbury County. Zoning is listed as SC.
For investors or operators seeking an income-producing asset with a current tenant base, the building is described as 100% occupied with over $9,000 in monthly rental income. The unit mix is positioned to serve a range of household needs, from studios to larger 2-bedroom layouts. Utilities and cooling costs are structured in a tenant-paid model (with water excluded for tenant responsibility and AC owned by tenants), which may help keep day-to-day operating expenses more predictable.
Local Financial Insights For Apartment 5plus
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 | $89.0k | $13.44 |
| − Vacancy | −$4.5k | −$0.67 |
| EGI | $84.6k | $12.77 |
| − OpEx | −$38.1k | −$5.75 |
| NOI | $46.5k | $7.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.377869
- Latitude
- 42.473751
