Updated 3-Unit
3820 ORLEANS AVE, Sioux City, IA 51106
For Sale
$270,000
Multi-Unit, Sioux City, IA
Property Size2,476 SF
Lot Size0.14 Acres
Price / SF$109.05
Days on Market99
Property Features for 3820 ORLEANS AVE
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen
(712) 540-6562
Added: Aug 6
Changed: Nov 11
Last Checked: Nov 12 at 9:06AM
MLS# 834124
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 3-unit residential property contains 2,476 square feet on a 0.14-acre parcel. The layout includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. The upper-level residence has been updated, and the property was built in 1900.
Morningside University is a short walk from the property. Zoning is listed as residential. The owner pays for water, trash, and gas.
Morningside University is a short walk from the property. Zoning is listed as residential. The owner pays for water, trash, and gas.
Key Highlights
- Fully occupied 3‑unit property
- Unit mix: two 2‑bedroom/1‑bath residences and one 1‑bedroom/1‑bath residence
- 2,476 square feet on a 0.14‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,820
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,400
$376.4K
Cap Rate 7%
$268,857
$268.9K
Cap Rate 9%
$209,111
$209.1K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$28.2K $11.40/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$26.9K $10.86/SF
− OpEx
−$8.1K −$3.26/SF
NOI
$18.8K $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%
$376,400
Cap Rate 7%
$268,857
Cap Rate 9%
$209,111
Alternative Uses
Best Use
Multifamily LT 5
$268.9K
$235.3K – $313.7K
NOI $18,820 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$248.4K
$217.3K – $289.8K
NOI $17,387 @ 7.0% cap · market cap 6.44%
Theoretical Best
Specialty Retail
$372.1K
$325.6K – $434.1K
NOI $26,044 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
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
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?
Triplex - All three residences are occupied, with a mix of one- and two-bedroom floor plans.
Where is this triplex located?
The property is located at 3820 ORLEANS AVE Sioux City, IA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Fully occupied 3‑unit property; Unit mix: two 2‑bedroom/1‑bath residences and one 1‑bedroom/1‑bath residence; 2,476 square feet on a 0.14‑acre parcel
