Five-Unit Apartment
2512 Jones Sioux City, IA 51104
For Sale
$360,000
MULTI_FAMILY - Sioux City, IA
Property Size3,579 SF
Lot Size0.22 Acres
Price / SF$100.59
Days on Market534
Property Features for 2512 Jones
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC.4
Bedrooms
6
Bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 1
Standard status
Active
APN
432825
Size
3,579 SF
Lot size
0.22 Acres
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
Utilities
Heating system
Forced Air
Building Details
Year built
1910
Number of units
5
Listing Agency:
Keller Williams Siouxland
(712) 226-1900
Listed By:
Brooke Pedersen
(712) 870-3551
Added: Feb 10, 2025
Changed: Jul 29
Last Checked: Jul 29 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This is a five-unit apartment building configured as a north-side 5-plex. The exterior includes commercial-grade vinyl siding installed in 2019 and a new roof completed in 2017. Interior updates include new paint and flooring in the common area, with three of the five units recently remodeled. The remaining two units are occupied by long-term tenants.
The property is zoned NC.4 and is located in Woodbury County, Sioux City, IA 51104.
Operating data is available upon request, and the listing notes tenant history as part of the property’s current performance profile.
The property is zoned NC.4 and is located in Woodbury County, Sioux City, IA 51104.
Operating data is available upon request, and the listing notes tenant history as part of the property’s current performance profile.
Key Highlights
- North side 5‑plex with units that include recently remodeled apartments and two long‑term tenants
- Commercial‑grade vinyl siding installed in 2019
- New roof installed in 2017
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 | $48.1k | $13.44 |
| − Vacancy | −$2.4k | −$0.67 |
| EGI | $45.7k | $12.77 |
| − OpEx | −$20.6k | −$5.75 |
| NOI | $25.1k | $7.02 |
3,579 SF · lease $13.44/SF/yr · vacancy 5.00% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with roof replaced in 2017 and commercial-grade vinyl siding installed in 2019.
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: North side 5‑plex with units that include recently remodeled apartments and two long‑term tenants; Commercial‑grade vinyl siding installed in 2019; New roof installed in 2017
