This well-maintained 5-plex in the heart of Morningside offers an exceptional investment opportunity with a solid history of consistent cash flow and strong NOI. Three of the units have recently been renovated with new flooring, paint, carpet, and windows, while HVAC systems have also been updated. Located in a highly sought-after neighborhood, this property offers immediate cash flow potential with the opportunity to make further improvements to maximize returns. Whether you're adding to an existing portfolio or starting your investment journey, this property provides a reliable, long-term investment with strong rental demand and minimal maintenance needs. Find this opportunity in close proximity to Sioux City shopping and foodservice amenities along with Morningside University.
For sale
Price cut: $12.5K (3/5)
$380,000
2220 S Lemon St, Sioux City, IA 51106
6beds
2,697sqft
Est.:
Multi Family
Built in 1912
-- sqft lot
$-- Zestimate®
$141/sqft
$-- HOA
What's special
- 75 days
- on Zillow |
- 380 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: March 05, 2025 at 05:16am
Listed by:
Jeff Carlson 712-635-1763,
RE/MAX Experience,
William Schindler,
RE/MAX Experience
Source: Northwest Iowa Regional BOR,MLS#: 827614

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Interior area
- Total structure area: 2,697
- Total interior livable area: 2,697 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Lot
- Size: 0.28 Acres
Details
- Parcel number: 19193-884705183010
- Zoning: NC.4
- Zoning description: NC.4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1912
Community & HOA
Location
- Region: Sioux City
Financial & listing details
- Price per square foot: $141/sqft
- Annual tax amount: $5,024
- Price range: $380K - $380K
- Date on market: 2/10/2025
- Total actual rent: 48900
- Tenant pays: Electricity, Gas
- Loading
- Loading