Central Air 12-Unit Apartment
For Sale
Contact for pricing
Pending
515 S COLLEGE ST, Sioux City, IA 51106
Fully occupied 12-unit building with 1- and 2-bedroom units, central air, and washer/dryer hookups.
Property SizeContact for details
Days on Market64
Property Features for 515 S COLLEGE ST
General Information
Standard status
Pending
Total Parking Spaces
12
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Financials
Cap Rate
6.95%
Business Included
Yes
Additional Details
Multifamily Units
12
Building Details
Year Built
1976
Buildings
2
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
Gateway Real Estate Advisors
(712) 540-6562
Listed By:
Nic Madsen · License #S67281000
Source:
Crexi
Added: Jul 1
Changed: Aug 8
Last Checked: Aug 5 at 2:14PM
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 Gateway Real Estate Advisors
Investment Insights
Based on property information with market context.
S College Apartments is a two-story, 12-unit apartment building built in 1976. The unit mix includes both 1-bedroom and 2-bedroom apartments, and many residents benefit from central air and washer/dryer hookups. Recent updates have been completed in 7 of the 12 units, helping refresh day-to-day livability. The property also offers more than 12 parking spaces to support on-site tenant parking.
The asset is located at 515-525 S College Street in Sioux City, IA. It sits within a well-established residential area and is positioned for convenient access to retail, dining, and employment corridors.
For investors or operators seeking an occupied multifamily asset, S College Apartments presents a straightforward 12-unit configuration with a 100% occupied status at the time of offering. The combination of partial unit updates, in-unit laundry hookups, and central air supports tenant appeal while keeping operations aligned with the needs of a mix of 1- and 2-bedroom households.
The asset is located at 515-525 S College Street in Sioux City, IA. It sits within a well-established residential area and is positioned for convenient access to retail, dining, and employment corridors.
For investors or operators seeking an occupied multifamily asset, S College Apartments presents a straightforward 12-unit configuration with a 100% occupied status at the time of offering. The combination of partial unit updates, in-unit laundry hookups, and central air supports tenant appeal while keeping operations aligned with the needs of a mix of 1- and 2-bedroom households.
Key Highlights
- Fully occupied 12‑unit multifamily at 515‑525 S College Street, Sioux City, IA
- Unit mix of 1‑bedroom and 2‑bedroom apartments; average in‑place rent is $831/month vs. $946/month average market rent
- Generates $119,700 annual gross revenue with $66,748 NOI and a 6.95% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
333
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 12-unit building with 1- and 2-bedroom units, central air, and washer/dryer hookups.
Where is this apartment building located?
The property is located at 515 S COLLEGE ST Sioux City, IA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Fully occupied 12‑unit multifamily at 515‑525 S College Street, Sioux City, IA; Unit mix of 1‑bedroom and 2‑bedroom apartments; average in‑place rent is $831/month vs. $946/month average market rent; Generates $119,700 annual gross revenue with $66,748 NOI and a 6.95% cap rate
