Five-Unit Apartment
2512 Jones, Sioux City, IA 51104
For Sale
$360,000
Multi-Unit, Sioux City, IA
Property Size3,579 SF
Lot Size0.22 Acres
Price / SF$100.59
Days on Market641
Property Features for 2512 Jones
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Number of units
Listing Agency:
Keller Williams Siouxland · Keller Williams Realty
(712) 226-1900
Listed By:
Brooke Pedersen
(712) 870-3551
Added: Feb 10, 2025
Changed: Nov 11
Last Checked: Nov 12 at 8:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,579-square-foot apartment property contains five units and sits 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.
Property improvements include commercial-grade vinyl siding installed in 2019 and a roof replaced in 2017. Common areas have received new paint and flooring, and the property has had additional interior updates.
Property improvements include commercial-grade vinyl siding installed in 2019 and a roof replaced in 2017. Common areas have received new paint and flooring, and the property has had additional interior updates.
Key Highlights
- Five‑unit apartment property
- 3,579 square feet on a 0.2169‑acre lot
- 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
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
$193,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Sioux City, IA
Properties on Market for Apartment buildings in Sioux City
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three residences have been remodeled, while two have 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 property; 3,579 square feet on a 0.2169‑acre lot; Three units recently remodeled; two have long‑term tenants
