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    1199 Central Ave Dubuque, IA 52001

    For Sale
    $2,700,000

    5 OR MORE UNITS, Other - Dubuque, IA

    Property size:
    14,136 SF
    Days on Market:
    33
    Last Refresh:
    Dec 6 at 8:06 pm

    Property Features for 1199 Central Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-4
    Rooms
    Basement
    APN
    1024456008
    Parking features
    None, Other
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    14,136 SF

    Taxes and HOA fees

    Expense value
    250
    Expense
    Security Deposit

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    11
    Building materials
    Brick
    Roof type
    Composition, Shingle
    Architectural style
    Other

    Brissey Realty (563) 583-1737 [email protected]

    Listing agent Vicki Bechen (563) 583-1737 License #IL

    Listing date Nov 4, 2025

    MLS# 151285 Listing URL

    Copyright © 2025 East Central Iowa Association 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.

    Overview

    Renovated Multi-Family Property in Dubuque

    This renovated multi-family property in Dubuque, Iowa, features 11 units with modern amenities. The building has been completely renovated and offers soundproof apartments. Tenants are responsible for all utility payments. A tax abatement is in place until 2041. Each apartment includes private laundry facilities, high ceilings, exposed brick walls, solid surface countertops, and on-demand gas water heaters. The owner is willing to continue management and/or complete the build-out of the remaining three basement apartments, which would increase the rent roll. These garden apartments include two one-bedroom, one-bath units and one studio apartment. The projected rents are $1,600, $1,600 and $1,100 respectively. The stairwells are fire-rated to the third floor, eliminating the need for a fire escape. The building features new wiring, plumbing, and a roof. Thick brick walls and a sprinkler system contribute to reasonable insurance costs. The three apartments on the third floor have lofts that can add three more bedrooms. The property is ideal for rental, especially with the new medical school downtown. Formerly a K-12 school, the property has been fully renovated. Each apartment features key-fob keyless entry via touchpad, fiber internet, 13-15' ceilings, and 9-10' tall windows providing natural light. Tenants or the landlord can obtain a parking pass on a first-come, first-served basis quarterly through the City of Dubuque for $55 per quarter, allowing free parking at meters on 11th-12th and Main to Central. The property size is 14,136 square feet. Apartments 101 and 103 are furnished, while apartments 202 and 204 have an office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dubuque
    County
    Dubuque
    State
    Iowa
    Longitude
    -90.66703
    Latitude
    42.5044664

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    FAQs

    What type of property is this?
    Apartment building - Eleven-unit building with modern amenities and income potential.
    Where is this apartment building located?
    The property is located at 1199 Central Ave Dubuque, IA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Low taxes until 2041 due to a tax abatement.; - **Fully renovated 11-unit building with maintenance-free, soundproof apartments.**; - Opportunity to increase rent roll to $25,000+ per month by finishing 3 basement apartments.
    (563) 583-1737
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1199 Central Ave Dubuque, IA 52001
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