Duplex with Studio
For Sale
$140,000
3119 Garretson Ave, Sioux City, IA 51106
Multi-Unit, Sioux City, IA
Property Size1,358 SF
Lot Size0.13 Acres
Price / SF$103.09
Days on Market53
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Property Features for 3119 Garretson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NC.4
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Lot features
Trees
Elementary school
Spalding
Middle school
East Middle
High school
East High
Subdivision
Mside North
Standard status
Active
APN
884706103023
Size
1,358 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PETERS PLACE LOT 20 BLK N
Tax Annual Amount
1483
Legal Description
PETERS PLACE LOT 20 BLK N
Utilities
Heating system
Baseboard, Forced Air
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1900
Number of units
2
Listing Agency:
Century 21 ProLink
(712) 224-2300
Listed By:
Barb Maxon
(712) 253-3647
Added: Aug 24
Changed: Oct 14
Last Checked: Oct 15 at 3:06PM
MLS# 834353
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 1,358-square-foot, 1.5-story duplex on a 0.13-acre lot contains two rental units. The main-floor apartment has two bedrooms, a living room, dining room, kitchen with built-in table seating, and a three-quarter bathroom. Laundry is in the basement, and the unit has a tuck-under one-car garage. Exterior steps lead to the upper studio, which includes a living room, kitchen, full bathroom, and open bedroom. Baseboard heat and window air conditioning serve the upper unit.
The property is near Morningside University in Sioux City. It is zoned NC.4. Utilities are separate, except that the seller pays water and sewer. Carpet and paint work for both units is dated August 2026 in the property information.
The property is near Morningside University in Sioux City. It is zoned NC.4. Utilities are separate, except that the seller pays water and sewer. Carpet and paint work for both units is dated August 2026 in the property information.
Key Highlights
- Two rental units: a two‑bedroom main‑floor apartment and an upper studio with an open bedroom
- 1,358 square feet on a 0.13‑acre lot
- Tuck‑under garage with space for one car
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,322
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,440
$206.4K
Cap Rate 7%
$147,457
$147.5K
Cap Rate 9%
$114,689
$114.7K
Market Conditions
NOI Build-Up for 1,358 SF
Gross rent
$15.5K $11.40/SF
− Vacancy
−$735 −$0.54/SF
EGI
$14.7K $10.86/SF
− OpEx
−$4.4K −$3.26/SF
NOI
$10.3K $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%
$206,440
Cap Rate 7%
$147,457
Cap Rate 9%
$114,689
Alternative Uses
Best Use
Multifamily LT 5
$147.5K
$129.0K – $172.0K
NOI $10,322 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$136.2K
$119.2K – $158.9K
NOI $9,536 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$204.1K
$178.6K – $238.1K
NOI $14,284 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
227
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve the rentals, while the seller covers water and sewer service.
Where is this duplex located?
The property is located at 3119 Garretson Ave Sioux City, IA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two rental units: a two‑bedroom main‑floor apartment and an upper studio with an open bedroom; 1,358 square feet on a 0.13‑acre lot; Tuck‑under garage with space for one car
