Multifamily
For Sale
$235,000
3721 Orleans Ave, Sioux City, IA 51106
Multifamily property near Morningside University with an established rental history.
Property Size1,901 SF
Days on Market179
Property Features for 3721 Orleans Ave
General Information
Standard status
Active
Size
1,901 SF
Property subtype
Multifamily
Building Details
Building Size
1,901 SF
Year Built
1910
Listing Agency:
NAI United
Listed By:
Aidan Vanderloo · License #IA #S73073000
(712) 577-1267
Source:
Naiunited
Added: Apr 24
Changed: Oct 13
Last Checked: Oct 16 at 6:39AM
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.
Located at 3721 Orleans Ave in Sioux City, this 1,901-square-foot multifamily property is positioned near Morningside University. The property has an established rental history and a current waiting list of prospective tenants.
The offering is agent owned, and financial information is available to qualified parties who execute a signed NDA. Showings require 24 hours’ notice.
The offering is agent owned, and financial information is available to qualified parties who execute a signed NDA. Showings require 24 hours’ notice.
Key Highlights
- 1,901‑square‑foot multifamily property
- Located near Morningside University
- Current waiting list of prospective tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,350
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,000
$267.0K
Cap Rate 7%
$190,714
$190.7K
Cap Rate 9%
$148,333
$148.3K
Market Conditions
NOI Build-Up for 1,901 SF
Gross rent
$25.5K $13.44/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$24.3K $12.77/SF
− OpEx
−$10.9K −$5.75/SF
NOI
$13.3K $7.02/SF
Area
Woodbury County, IA
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,000
Cap Rate 7%
$190,714
Cap Rate 9%
$148,333
Alternative Uses
Best Use
Apartment 5plus
$190.7K
$166.9K – $222.5K
NOI $13,350 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
376
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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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?
Multifamily property - Multifamily property near Morningside University with an established rental history.
Where is this multifamily property located?
The property is located at 3721 Orleans Ave Sioux City, IA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,901‑square‑foot multifamily property; Located near Morningside University; Current waiting list of prospective tenants
