Triplex with Garage and Central
2605 Home St. Sioux City, IA 51109
2605 Home St., Sioux City, IA, 51109
$175,000
For Sale
$175,000
Residential Multi Family, Other - Sioux City, IA
Property Size1,140 SF
Lot Size0.24 Acres
Price / SF$153.51
Days on Market267
Property Features for 2605 Home St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,140 SF
- Lot size
- 0.24 Acres
Building Details
- Architectural style
- Other
Listing Agency
NextHome TriState Realty
(712) 224-6398
600 4th Street, Suite 231, IA
Listed by
Duster Hoffman · License #12384,PersonLicenseNumber
(712) 281-8704
Added: Oct 24, 2025 Checked: Jul 17 at 7:06 am
MLS# 830820
Listing URL
Copyright © 2026 NextHome, Inc. 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 features two efficiency apartments and a middle unit with central air. The efficiency units include window air, and the middle unit is currently vacant. The property also includes a garage on-site, and the roof was completed in 2024.
The building is located on Riverside Blvd in Sioux City, IA, next to Harvey’s. The listing notes the property is zoned GC.
The unit configuration includes four bedrooms and two efficiency apartments, supported by the described heating and cooling setups across the units.
The building is located on Riverside Blvd in Sioux City, IA, next to Harvey’s. The listing notes the property is zoned GC.
The unit configuration includes four bedrooms and two efficiency apartments, supported by the described heating and cooling setups across the units.
Key Highlights
- Triplex on Riverside Blvd, zoned GC, next to Harvey's
- Includes two efficiency apartments, each with window A/C
- Middle unit is vacant and has central air; estimated rent $950–$1,200
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with two efficiency units and a central-air middle unit, plus a garage and a roof completed in 2024.
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, zoned GC, next to Harvey's; Includes two efficiency apartments, each with window A/C; Middle unit is vacant and has central air; estimated rent $950–$1,200
