Nic Madsen Real Estate Agent - Gateway Real Estate Advisors

3312 Transit Ave, Sioux City, IA For Sale $630,000 - listed by Nic Madsen — For Sale $630,000

Nic Madsen listing and buyer's agent for 400 Mulberry St S, Sioux City, IA - sold for $345,000 — Sold $345,000

1005 S Glass St, Sioux City, IA For Sale $630,000 - listed by Nic Madsen — For Sale $630,000

Nic Madsen buyer's agent for 2106 Grandview Blvd, Sioux City, IA - sold for $275,000 — Sold $275,000

515 S College St, Sioux City, IA For Sale $960,000 - listed by Nic Madsen — For Sale $960,000

Nic Madsen

Sioux City IA

Gateway Real Estate Advisors

140 Closed Sales

$75.2M Total Value

$4.4K - $21.7M Price Range

$536.8K Average Price

Prior 5 years

About Nic

Nic started as an intern with NAI United in 2019 and was promoted to Commercial Associate and Director of Property Management upon graduating, with honors, from Morningside University.
Nic has sold over $100M in commercial real estate since 2020, based in part due to his confidence and determination. He works diligently to seek out investment opportunities for his clients. Nic’s niche is multifamily & self storage properties.

Although Nic stepped away from his duties as Director of Property Management in 2024, during his time as manager he increased property management revenue by over 200% by adding several hundred new units to the management company.

Home Types: Commercial, MultiFamily, Lot/Land, House

Years of Experience: 7

Education: Bachelors of Science in Business Administration & Marketing Morningside University in Sioux City, IA

Transaction History

1 Year
2 Year
5 Year

Seller Deals
Total Deals	17
Total Value	$35,769,200
Average Sale Price	$2,104,071
Price Range	$10K - $21.7M

Buyer Deals
Total Deals	1
Total Value	$400,000
Average Sale Price	$400,000

Seller Deals
Total Deals	21
Total Value	$37,533,200
Average Sale Price	$1,787,295
Price Range	$6K - $21.7M

Buyer Deals
Total Deals	2
Total Value	$590,000
Average Sale Price	$295,000
Price Range	$190K - $400K

Seller Deals
Total Deals	111
Total Value	$70,738,689
Average Sale Price	$637,285
Price Range	$5K - $21.7M

Buyer Deals
Total Deals	29
Total Value	$4,419,003
Average Sale Price	$152,379
Price Range	$4K - $675K

5 Year View

Neighborhoods Nic is Experienced In

Nic's Recent Active Listings

$630,000
- 7 Beds
- 7 Baths
- 2,944 Sq Ft
3312 Transit Ave

Sioux City, IA
7-unit multifamily investment offered at $630,000 ($90,000/unit), generating $35,233 in NOI. The property is 100% occupied. Built in 1961 as a single-story building, all units are 1BR/1BA with 7 dedicated off-street parking spaces, coin laundry, and window/central air. The unit interiors present a clear value-add opportunity through targeted renovations to modernize the asset and increase income.

Nic Madsen Gateway Real Estate Advisors

$630,000
- 7 Beds
- 7 Baths
- 5,610 Sq Ft
1005 S Glass St

Sioux City, IA
7-unit multifamily investment offered at $630,000 ($90,000/unit), generating $37,817 in NOI. The property is 100% occupied. Built in 1961 as a single-story building, all units are 1BR/1BA with private entries and in-wall AC. Current ownership has completed 3 of 7 units already renovated, reducing near-term capex needs for a new owner while leaving further value-add potential on the remaining

Nic Madsen Gateway Real Estate Advisors

$960,000
- 14 Beds
- 12 Baths
- 6,526 Sq Ft
515 S College St

Sioux City, IA
12-unit multifamily investment offered at $960,000 ($80,000/unit), generating $66,748 in NOI. The property is 100% occupied. Built in 1976 across two stories, the unit mix includes four 2BR/1BA and eight 1BR/1BA units, with 7 of 12 already updated, leaving the remaining five as a clear value-add runway for a new owner. Amenities include ample on-site parking, washer/dryer hookups, and central

Nic Madsen Gateway Real Estate Advisors

$265,000
- 6 Beds
- 4 Baths
- 3,244 Sq Ft
2021 S Newton St

Sioux City, IA
Investor-friendly duplex with a unique layout -- this property delivers two income streams under one roof. The main floor unit offers 2 bedrooms, a full bathroom, living room, and a kitchen that's been freshly painted and updated with new flooring throughout. Main floor unit has access to the basement left side with laundry (washer/dryer included), a shower, and a non-conforming bonus room with

Nic Madsen Gateway Real Estate Advisors

$275,000
- 4 Beds
- 3 Baths
- 2,126 Sq Ft
1901 S Nicollet St

Sioux City, IA
Fully occupied triplex at $275,000 with immediate income in place from day one. The property features two units on the main floor (both 1 bed 1 bath) and a renovated upper-level unit (2 bed 1 bath), offering a mix of layouts across three separate income streams. A detached outbuilding is included on the property. With 100% occupancy and a renovated upper unit already commanding market rents, this

Nic Madsen Gateway Real Estate Advisors

$235,000
- 4 Beds
- 2 Baths
- 2,114 Sq Ft
3720-22 4th Ave

Sioux City, IA
Fully duplex with immediate income in place from day one. The property features 2 bedroom, 1 bath unit on the main floor and 2 bedroom, 1 bath upper-level unit. The The property has a detached garage for additional income. With 100% occupancy this is a low-friction entry point for the private investor or house hacker looking to add a stabilized asset to their portfolio.

Nic Madsen Gateway Real Estate Advisors

$2,080,000
- 3 Beds
- 2 Baths
1000 S Crawford Rd

Vermillion, SD
Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints. This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region. The offering is priced at $2,080,000 and

Nic Madsen Gateway Real Estate Advisors

$175,000
- 5 Beds
- 3 Baths
- 4,308 Sq Ft
21 W 1st St

Spencer, IA
21 W 1st Street | Spencer, IA Value-add opportunity in Spencer! This 6-plex offers strong upside for an investor ready to complete renovations and increase cash flow. The property has been partially remodeled, with 2 of the 6 units currently rented, providing immediate income. The remaining 4 units offer the ability to renovate, lease up, and significantly improve overall returns. With

Nic Madsen Gateway Real Estate Advisors

$374,900
- 8 Beds
- 4 Baths
- 2,729 Sq Ft
201 N French Ave

Sioux Falls, SD
201 N French Ave presents a compelling four-unit multifamily investment opportunity in Sioux Falls, South Dakota.? This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk.? Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done.? At a reduced price, this is a

Nic Madsen Gateway Real Estate Advisors

Recently Sold

$1,120,000

Sold Jul 9, 2026
- 22 Beds
- 18 Baths
- 13,404 Sq Ft
2805 E Bragstad Dr

Sioux Falls, SD
- 14% Below List
- $84/SF
- 115 Days On Market
- Current Est. Value $794K
Nic Madsen Gateway Real Estate Advisors

$345,000

Sold Jun 5, 2026
- 7 Beds
- 2 Baths
- 12,576 Sq Ft
400 Mulberry St S

Sioux City, IA
- 18% Below List
- $27/SF
- 62 Days On Market
Nic Madsen Gateway Real Estate Advisors

$256,000

Sold Jan 30, 2026
- 8 Beds
- 8 Baths
- 2,048 Sq Ft
616 Willow St

Aurelia, IA
- 7% Below List
- $125/SF
- 18 Days On Market
Nic Madsen Gateway Real Estate Advisors

$230,000

Sold Dec 28, 2023
- 20 Beds
- 12 Baths
- 6,592 Sq Ft
100 Olive Grove Ln

Bayard, IA
- $35/SF
Nic Madsen Gateway Real Estate Advisors

$700,000

Sold Dec 13, 2023
- 5 Beds
- 7 Baths
- 9,604 Sq Ft
110 N Douglas St

Elk Point, SD
- 7% Below List
- $73/SF
- 9 Days On Market
- Current Est. Value $591K
Nic Madsen Gateway Real Estate Advisors

$362,500

Sold Dec 13, 2023
- 16 Beds
- 8 Baths
- 6,240 Sq Ft
537 S 10th St

Estherville, IA
- 9% Below List
- $58/SF
- 131 Days On Market
Nic Madsen Gateway Real Estate Advisors

$1,650,000

Sold Dec 4, 2023
- Studio
- 64,114 Sq Ft
1713 F St

South Sioux City, NE
- $26/SF
- 0 Days On Market
- Current Est. Value $2M
Nic Madsen Gateway Real Estate Advisors

$200,000

Sold Oct 6, 2023
- 2 Beds
- 1 Bath
- 2,976 Sq Ft
303 E 3rd St

Everly, IA
- 20% Below List
- $67/SF
- 160 Days On Market
Nic Madsen Gateway Real Estate Advisors

$2,400,000

Sold Sep 20, 2023
- 6 Beds
- 4 Baths
- 86,865 Sq Ft
2110 Summit St

Sioux City, IA
- 8% Below List
- $28/SF
- 30 Days On Market
- Current Est. Value $117K
Nic Madsen Gateway Real Estate Advisors

Agent License: South Dakota 17948 Nebraska 20190619 Iowa s67281000

Nic Madsen

(712) 938-1233

Gateway Real Estate Advisors

(712) 938-1233

Homes for Sale by City

Nic Madsen

About Nic

Transaction History

Seller Deals

Buyer Deals

Seller Deals

Buyer Deals

Seller Deals

Buyer Deals

Production Over Time

5 Year View

Neighborhoods Nic is Experienced In

Nic's Listings and Deals

Nic's Recent Active Listings

Recently Sold