Triplex with Two Efficiency
2605 Home St. Sioux City, IA 51109
For Sale
$175,000
MULTI_FAMILY - Sioux City, IA
Property Size1,140 SF
Lot Size0.24 Acres
Price / SF$153.51
Days on Market279
Property Features for 2605 Home St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GC
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Standard status
Active
APN
894814402015
Size
1,140 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SOKOLOFFS PLACE SELY 85.6 FT LOT 1 EDGEWATER ADDITION AN D SW 127 FT LOT 9 SO KOLOFFS PLACE ADDN
Tax Annual Amount
3284
Utilities
Heating system
Forced Air
Building Details
Year built
1926
Number of units
3
Listing Agency:
NextHome Tri State Realty
(712) 224-6398
Listed By:
Terry Hoffman
(712) 224-6398
Added: Oct 24, 2025
Changed: Jul 29
Last Checked: Jul 29 at 3:06PM
MLS# 830820
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 triplex on Home St. in Sioux City includes two efficiency apartments and a middle unit. The efficiency apartments have window air, while the middle unit has central air. The middle unit is currently vacant. A garage is included on the property, and the roof was completed in 2024.
The property is zoned GC and is located on Riverside Blvd, next to Harvey's.
With three units total—two efficiencies plus the middle unit—the building offers a straightforward income property setup, with one unit available for immediate occupancy following any lease-up and renovation decisions.
The property is zoned GC and is located on Riverside Blvd, next to Harvey's.
With three units total—two efficiencies plus the middle unit—the building offers a straightforward income property setup, with one unit available for immediate occupancy following any lease-up and renovation decisions.
Key Highlights
- Triplex on Riverside Blvd next to Harvey's (zone GC)
- Built in 1926; forced air heating
- Two efficiency apartments plus a middle unit with estimated rent of $950–$1,200
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 | $13.0k | $11.40 |
| − Vacancy | −$617 | −$0.54 |
| EGI | $12.4k | $10.86 |
| − OpEx | −$3.7k | −$3.26 |
| NOI | $8.7k | $7.60 |
1,140 SF · lease $11.40/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$123.8K
$108.3K – $144.4K
NOI $8,665 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$114.4K
$100.1K – $133.4K
NOI $8,006 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$171.3K
$149.9K – $199.9K
NOI $11,991 @ 7.0% cap · market cap 6.85%
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 - Triplex includes two efficiency apartments, a vacant middle unit, window and central air, plus a garage and 2024 roof.
Where is this triplex located?
The property is located at 2605 Home St. Sioux City, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Triplex on Riverside Blvd next to Harvey's (zone GC); Built in 1926; forced air heating; Two efficiency apartments plus a middle unit with estimated rent of $950–$1,200
