Triplex with Efficiency
New
For Sale
$169,000
2605 Home St, Sioux City, IA 51109
Multi-Unit, Sioux City, IA
Property Size1,140 SF
Lot Size0.24 Acres
Price / SF$148.25
Days on Market2
Property Features for 2605 Home St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GC
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 1
Lot features
Fenced Yard, Level Lot, Trees
Elementary school
Riverside
Middle school
West Middle
High school
West High
Subdivision
Riverside
Standard status
Active
APN
894814402015
Size
1,140 SF
Lot size
0.24 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Description
SOKOLOFFS PLACE SELY 85.6 FT LOT 1 E DGEWATER ADDITION AN D SW 127 FT LOT 9 SO KOLOFFS PLACE ADDN
Tax Annual Amount
2700
Legal Description
SOKOLOFFS PLACE SELY 85.6 FT LOT 1 E DGEWATER ADDITION AN D SW 127 FT LOT 9 SO KOLOFFS PLACE ADDN
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1926
Number of units
3
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Peggy La
(712) 204-6263
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 11:06PM
MLS# 835106
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 triplex contains 1,140 square feet across three units: one four-bedroom apartment and two efficiency apartments. Forced-air heating and central air conditioning serve the property, which was built in 1926. A covered front porch and a newer roof completed in 2024 are additional building features.
The 0.24-acre property is located in Sioux City, Iowa, and is zoned GC. Two long-term tenants occupy units, with combined rental income of $1,000 per month; the third unit offers another residential space within the existing configuration. Utilities are separately metered.
The 0.24-acre property is located in Sioux City, Iowa, and is zoned GC. Two long-term tenants occupy units, with combined rental income of $1,000 per month; the third unit offers another residential space within the existing configuration. Utilities are separately metered.
Key Highlights
- Three‑unit property with one four‑bedroom apartment and two efficiency units
- 1,140 square feet on a 0.24‑acre lot
- Two long‑term tenants generate combined income of $1,000/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,665
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,300
$173.3K
Cap Rate 7%
$123,786
$123.8K
Cap Rate 9%
$96,278
$96.3K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$13.0K $11.40/SF
− Vacancy
−$617 −$0.54/SF
EGI
$12.4K $10.86/SF
− OpEx
−$3.7K −$3.26/SF
NOI
$8.7K $7.60/SF
Area
Woodbury County, IA
Vacancy
4.75%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,300
Cap Rate 7%
$123,786
Cap Rate 9%
$96,278
Alternative Uses
Best Use
Multifamily LT 5
$123.8K
$108.3K – $144.4K
NOI $8,665 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$114.4K
$100.1K – $133.4K
NOI $8,006 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$171.3K
$149.9K – $199.9K
NOI $11,991 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
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Business Placement
Demographics for 51109, IA
3,109
Population
1,570
Households
2
Avg Household Size
42
Median Age
3%
College-Educated
85%
High-School Grad
17.6 sq mi
ZIP Area
177
Density / Sq Mi
$70,750
Median Household Income
$40,688
Median Earnings
$916
Median Rent
$120,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - A four-bedroom unit and two efficiency apartments create three distinct residential layouts.
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 $169,000.
What are key features of this property?
This property features: Three‑unit property with one four‑bedroom apartment and two efficiency units; 1,140 square feet on a 0.24‑acre lot; Two long‑term tenants generate combined income of $1,000/month
