Duplex With Separate
For Sale
$180,000
2701 S Cypress St, Sioux City, IA 51106
Two residential units provide distinct layouts for leasing flexibility.
Property Size1,714 SF
Days on Market49
Property Features for 2701 S Cypress St
General Information
Standard status
Active
Size
1,714 SF
Property subtype
Multifamily
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Building Size
1,714 SF
Year Built
1920
Buildings
1
Listing Agency:
NAI United
Listed By:
Aidan Vanderloo · License #IA #S73073000
(712) 577-1267
Source:
Naiunited
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI United
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Investment Insights
Based on property information with market context.
This duplex at 2701 S Cypress St. contains two residential units arranged across two levels. The upper residence has two bedrooms and one bathroom, while the lower residence offers one bedroom and one bathroom. Separately metered utilities serve the units, supporting independent utility management.
The property is located across the street from Sunnyside Elementary in Sioux City, Iowa. Built in 1920, the building presents a two-unit residential income configuration with different floor-plan sizes for occupants.
The property is located across the street from Sunnyside Elementary in Sioux City, Iowa. Built in 1920, the building presents a two-unit residential income configuration with different floor-plan sizes for occupants.
Key Highlights
- Two‑unit duplex with separate upstairs and downstairs residences
- Upper unit includes 2 bedrooms and 1 bathroom
- Lower unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,028
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,560
$260.6K
Cap Rate 7%
$186,114
$186.1K
Cap Rate 9%
$144,756
$144.8K
Market Conditions
NOI Build-Up for 1,714 SF
Gross rent
$19.5K $11.40/SF
− Vacancy
−$928 −$0.54/SF
EGI
$18.6K $10.86/SF
− OpEx
−$5.6K −$3.26/SF
NOI
$13.0K $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%
$260,560
Cap Rate 7%
$186,114
Cap Rate 9%
$144,756
Alternative Uses
Best Use
Multifamily LT 5
$186.1K
$162.9K – $217.1K
NOI $13,028 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$171.9K
$150.5K – $200.6K
NOI $12,036 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$257.6K
$225.4K – $300.5K
NOI $18,029 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct layouts for leasing flexibility.
Where is this duplex located?
The property is located at 2701 S Cypress St Sioux City, IA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two‑unit duplex with separate upstairs and downstairs residences; Upper unit includes 2 bedrooms and 1 bathroom; Lower unit includes 1 bedroom and 1 bathroom
