70-Unit HUD Apartment
For Sale
$4,650,000
5300 Stone Ave, Sioux City, IA 51106
Commercial, Sioux City, IA
Property SizeContact for details
Lot Size2.83 Acres
Days on Market719
Property Features for 5300 Stone Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Gordon Drive, go north on S Maple St and then turn East on Stone Ave and property will be on your right.
Subdivision
Eastside
Standard status
Active
APN
894736452015
Lot size
2.83 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LL-SC COMM 89-47 AN IRREG TCT BEG NE CORNER NE SW SE THEC S 27 FT THEC W 35 F T TO POB; THEC S 22 0 FT THEC W 204.28 F T THEC N 34 FT THEC W 91.12 FT THEC N 98 FT THEC W 28.6 FT THEC N 88.09 FT THEC E 321.30 FT TO POB NE SW SE 36-89-47
Legal Description
LL-SC COMM 89-47 AN IRREG TCT BEG NE CORNER NE SW SE THEC S 27 FT THEC W 35 F T TO POB; THEC S 22 0 FT THEC W 204.28 F T THEC N 34 FT THEC W 91.12 FT THEC N 98 FT THEC W 28.6 FT THEC N 88.09 FT THEC E 321.30 FT TO POB NE SW SE 36-89-47
Amenities
laundry
controlled access
outside patio
Building Details
Year built
1985
Listing Agency:
Century 21 ProLink
(712) 224-2300
Listed By:
Jennifer Rose Bass
(712) 266-5972
Added: Sep 25, 2024
Changed: Sep 9
Last Checked: Sep 13 at 2:06PM
MLS# 826376
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 HUD apartment community includes 70 units across two parcels totaling 2.83 acres. The 50-unit Maple Heights section was constructed in 1985 and contains 15 efficiency apartments and 35 one-bedroom, one-bath apartments. Completed in 1998, the 20-unit Annex adds 19 one-bedroom, one-bath units and one two-bedroom, one-bath unit.
Each apartment has air conditioning and a pull-cord call system. Resident amenities include laundry facilities, controlled entry, and an outdoor patio. The property is designated for residents aged 62 and older and is located at 5300 Stone Ave in Sioux City, with access to Gordon Drive and Hwy 20. The offering also includes assumable PRAC financing and a stated 5% ROI.
Each apartment has air conditioning and a pull-cord call system. Resident amenities include laundry facilities, controlled entry, and an outdoor patio. The property is designated for residents aged 62 and older and is located at 5300 Stone Ave in Sioux City, with access to Gordon Drive and Hwy 20. The offering also includes assumable PRAC financing and a stated 5% ROI.
Key Highlights
- 70 apartment units on 2.83 acres across two parcels
- HUD apartment community serving residents aged 62 and older
- Unit mix includes 15 efficiencies, 54 one‑bedroom units, and 1 two‑bedroom unit
Property Analytics
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Current Use
Lease Details
70
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
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
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Frequently Asked Questions
What type of property is this?
Apartment building - HUD housing for residents aged 62 and older with controlled access, laundry, patios, and in-unit emergency call systems.
Where is this apartment building located?
The property is located at 5300 Stone Ave Sioux City, IA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 70 apartment units on 2.83 acres across two parcels; HUD apartment community serving residents aged 62 and older; Unit mix includes 15 efficiencies, 54 one‑bedroom units, and 1 two‑bedroom unit
