1005 S GLASS ST, SIOUX CITY, IA 51106

Glass Street Apartments at 1005 S Glass Street presents a compelling multifamily investment opportunity in Sioux City, Iowa. This 7-unit apartment property is 100% occupied and offered at $630,000, delivering an in-place 6.00% cap rate with approximately $38,000 in NOI. Built in 1961 and located in an established neighborhood, the property offers a proven, affordable housing product with strong day-one cash flow and minimal lease-up risk. Three of the seven 1-bedroom, 1-bath units have already been updated, and in-place rents averaging $800/month remain below the reported market rent of $946/month. Additional features include private entries, in-wall A/C, and off-street parking, all of which support long-term tenant appeal. Situated in a resilient rental market with solid renter demand, Glass Street Apartments offers investors the rare combination of stability, recent improvements, and value-add potential in an affordable Midwest market.