Updated 5-Unit Apartment
For Sale
$360,000
2512 Jones, Sioux City, IA 51104
Multi-Unit, Sioux City, IA
Property Size3,579 SF
Lot Size0.22 Acres
Price / SF$100.59
Days on Market626
Property Features for 2512 Jones
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC.4
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Elementary school
Bryant
Middle school
North Middle
High school
North High
Directions
Google maps is accurate
Subdivision
Nside Central
Standard status
Active
APN
432825
Size
3,579 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2023
Tax Description
RENNISON S 1/2 LOT 2 BLK 1 LOT 3 BLK 1
Tax Annual Amount
4215
Legal Description
RENNISON S 1/2 LOT 2 BLK 1 LOT 3 BLK 1
Utilities
Heating system
Forced Air
Building Details
Year built
1910
Number of units
5
Listing Agency:
Keller Williams Siouxland · Keller Williams Realty
(712) 226-1900
Listed By:
Brooke Pedersen
(712) 870-3551
Added: Feb 10, 2025
Changed: Oct 28
Last Checked: Oct 29 at 2:06PM
MLS# 827572
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 five-unit apartment property contains 3,579 square feet on a 0.2169-acre lot. Built in 1910, the building has forced-air heating and NC.4 zoning. Three units have undergone recent remodeling; the remaining two are occupied by long-term tenants.
Exterior and common-area improvements include commercial-grade vinyl siding installed in 2019 and a roof replaced in 2017. The common area also received new paint and flooring. These updates provide a clear record of building work alongside the unit renovations.
Exterior and common-area improvements include commercial-grade vinyl siding installed in 2019 and a roof replaced in 2017. The common area also received new paint and flooring. These updates provide a clear record of building work alongside the unit renovations.
Key Highlights
- Five‑unit apartment building with 3,579 square feet
- 0.2169‑acre lot with NC.4 zoning
- Three units recently remodeled; two have long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,133
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,660
$502.7K
Cap Rate 7%
$359,043
$359.0K
Cap Rate 9%
$279,256
$279.3K
Market Conditions
NOI Build-Up for 3,579 SF
Gross rent
$48.1K $13.44/SF
− Vacancy
−$2.4K −$0.67/SF
EGI
$45.7K $12.77/SF
− OpEx
−$20.6K −$5.75/SF
NOI
$25.1K $7.02/SF
Area
Woodbury County, IA
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,660
Cap Rate 7%
$359,043
Cap Rate 9%
$279,256
Alternative Uses
Best Use
Apartment 5plus
$359.0K
$314.2K – $418.9K
NOI $25,133 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$537.8K
$470.6K – $627.5K
NOI $37,647 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
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Business Placement
Demographics for 51104, IA
23,080
Population
9,119
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
3,077
Density / Sq Mi
$74,984
Median Household Income
$42,411
Median Earnings
$955
Median Rent
$193,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three residences have recent interior renovations, while two are occupied by long-term tenants.
Where is this apartment building located?
The property is located at 2512 Jones Sioux City, IA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Five‑unit apartment building with 3,579 square feet; 0.2169‑acre lot with NC.4 zoning; Three units recently remodeled; two have long‑term tenants
