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    2901 Central Ave Dubuque, IA 52001

    For Sale
    $3,700,000

    5 OR MORE UNITS, Other - Dubuque, IA

    Property size:
    25,544 SF
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 2901 Central Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M - Residential (MR R3+)
    Rooms
    Basement
    APN
    1013155016 & 1013155017
    Parking features
    None, Off Street, Other
    Exterior features
    Fire Escape
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Size
    25,544 SF

    Taxes and HOA fees

    Expense value
    1640
    Expense
    Security Deposit

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1896
    Number of units
    28
    Building materials
    Brick
    Roof type
    Composition, Shingle
    Architectural style
    Other

    Remax Advantage Realty (563) 588-3078 [email protected]

    Listing agent Austin Healey (563) 588-3078

    Listing date Oct 24, 2025

    MLS# 153344 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 Multifamily Investment Opportunity

    Available for purchase are two buildings totaling 28 units, accompanied by a parking lot with space for over 40 vehicles. The buildings have been fully renovated, featuring updated water lines, sewer lines, electrical systems, HVAC, framing, insulation, windows, plumbing, and roofing. The interiors boast new cosmetic features, including trim, doors, cabinets, appliances, and light fixtures, along with a full sprinkler and alarm system in both buildings. The unit mix includes three 3-bedroom units, sixteen 2-bedroom units, seven 1-bedroom units, and two efficiency apartments. Each unit is equipped with private laundry facilities. Rents range from $600 to $1640 per month, depending on unit size. Currently, 27 units are occupied, with one vacancy. The property generates approximately $30,500 per month when fully occupied and has a consistent rental history. The buildings are code compliant per the city of Dubuque. Rental inspections have recently passed for the 18-unit building, and the 10-unit building passed inspection in 2021. Tenants are responsible for all utilities, while the owner covers trash removal for the buildings and electricity for common areas. The sale includes both 2887 Central and 2901 Central Avenue, as well as the attached parking lot. The Old School Building has 23,249 square feet, and the Old Convent Building has 9,560 square feet, for a total of 25,544 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Dubuque
    County
    Dubuque
    State
    Iowa
    Longitude
    -90.6798037
    Latitude
    42.5240092

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    FAQs

    What type of property is this?
    Apartment building - Completely renovated 28-unit multifamily property with parking lot in Dubuque.
    Where is this apartment building located?
    The property is located at 2901 Central Ave Dubuque, IA.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Fully renovated and remodeled buildings with new systems throughout.; - Substantial income potential with 28 units and a current monthly rental income of approximately $30,500 when fully occupied.; - All units feature private laundry.
    (563) 588-3078
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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
    2901 Central Ave Dubuque, IA 52001
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