3312 TRANSIT AVE, SIOUX CITY, IA 51106

Transit Avenue Apartments at 3312 Transit Ave, Sioux City, IA offers a compelling opportunity to acquire a fully occupied 7-unit multifamily asset in a well-established Sioux City neighborhood. This 1961-built property features a functional lineup of one-bedroom, one-bath units designed to attract dependable, long-term tenants seeking affordable housing in a convenient South Side location. The property benefits from strong in-place performance with 100% occupancy, $66,900 in annual gross revenue, and a current NOI of approximately $35,233. Amenities including off-street parking, coin laundry, and window/central air add everyday convenience and tenant appeal. With in-place rents below the reported market average, investors have a clear value-add opportunity to modernize interiors, capture rental upside, and enhance long-term returns. An attractive blend of current cash flow and future upside, this property is well suited for investors seeking a manageable multifamily investment in Sioux City.