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Duplex with Updated Building Systems
For Sale
$167,000

718 SENECA ST, Storm Lake, IA 50588

Multi-Unit, Storm Lake, IA

Property Size2,488 SF
Lot Size0.14 Acres
Price / SF$67.12
Days on Market200

Property Features for 718 SENECA ST

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 7
Bathrooms 3
Full bathrooms 2
Rooms Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Lot features Trees
Directions Google Maps
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 19021-14-03-206-012
Size 2,488 SF
Lot size 0.14 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
Tax Description 03-02 STORM LAKE CORP HAYES N 1/2 & S 15' LOT 2
Tax Annual Amount 2646
Legal Description 03-02 STORM LAKE CORP HAYES N 1/2 & S 15' LOT 2

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1915
Number of units 2
Buildings 1
Listing Agency: Compass Real Estate of NW IA
Listed By: Melissa Perez Martinez
Added: Apr 14 Changed: Oct 29 Last Checked: Oct 30 at 3:06PM
MLS# 832556

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,488-square-foot duplex, built in 1915, contains two apartments of approximately 1,244 square feet each. The main-level unit has three bedrooms and one full bathroom; the upper-level unit has four bedrooms and one full bathroom. Improvements include new siding, a new roof, a replacement sewer line, and updated electrical service. Heating is by hot water, and the property is zoned Res.

The 0.1446-acre property is across from Fareway and near the heart of Storm Lake. Both units are currently rented to seasonal workers.

Key Highlights

  • Two apartments, approximately 1,244 square feet each
  • Main‑level unit: 3 bedrooms and 1 full bathroom; upper‑level unit: 4 bedrooms and 1 full bathroom
  • New siding and roof, replacement sewer line, and updated electrical service

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

744
Businesses Nearby

Demographics for 50588, IA

13,331
Population
5,040
Households
2.6
Avg Household Size
33
Median Age
23%
College-Educated
75%
High-School Grad
138.8 sq mi
ZIP Area
96
Density / Sq Mi
$65,475
Median Household Income
$37,964
Median Earnings
$836
Median Rent
$178,800
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The two apartments have three- and four-bedroom layouts, each with one full bathroom.
Where is this duplex located?
The property is located at 718 SENECA ST Storm Lake, IA.
What is the asking price?
The asking price for this property is $167,000.
What are key features of this property?
This property features: Two apartments, approximately 1,244 square feet each; Main‑level unit: 3 bedrooms and 1 full bathroom; upper‑level unit: 4 bedrooms and 1 full bathroom; New siding and roof, replacement sewer line, and updated electrical service
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