Downtown Multifamily
For Sale
$846,511
1337 Main Street, Dubuque, IA 52001
Downtown multifamily property located along Dubuque’s Main Street corridor.
Property Size6,540 SF
Days on Market91
Property Features for 1337 Main Street
General Information
Standard status
Active
Size
6,540 SF
Property subtype
Multifamily
Building Details
Building Size
6,540 SF
Listing Agency:
Ferguson Commercial Real Estate Services
Listed By:
Roy Jensen · License #IA #S72747000
(515) 803-2895
Source:
Fergusoncres
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 14 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ferguson Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
1337 Main Street is a downtown multifamily property positioned along the Main Street corridor in Dubuque. The offering is described as a convenient downtown location for residents.
The property is presented as being within walking distance to local restaurants, retail shops, entertainment venues, and the Mississippi River riverfront district. The remarks also note easy access to major employment centers, public transportation, and nearby attractions throughout the downtown area.
The information provided supports this as a multifamily residential income asset in a walkable, centrally located setting within Dubuque.
The property is presented as being within walking distance to local restaurants, retail shops, entertainment venues, and the Mississippi River riverfront district. The remarks also note easy access to major employment centers, public transportation, and nearby attractions throughout the downtown area.
The information provided supports this as a multifamily residential income asset in a walkable, centrally located setting within Dubuque.
Key Highlights
- Downtown Dubuque multifamily property located along the Main Street corridor
- Year built: 1900
- Walkable to local restaurants, retail shops, entertainment venues, and the Mississippi River riverfront district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,725
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,500
$994.5K
Cap Rate 7%
$710,357
$710.4K
Cap Rate 9%
$552,500
$552.5K
Market Conditions
NOI Build-Up for 6,540 SF
Gross rent
$94.2K $14.40/SF
− Vacancy
−$3.8K −$0.58/SF
EGI
$90.4K $13.82/SF
− OpEx
−$40.7K −$6.22/SF
NOI
$49.7K $7.60/SF
Area
Dubuque County, IA
Vacancy
4.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,500
Cap Rate 7%
$710,357
Cap Rate 9%
$552,500
Alternative Uses
Best Use
Apartment 5plus
$710.4K
$621.6K – $828.8K
NOI $49,725 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $89,093 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 52001, IA
43,572
Population
20,102
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
26.1 sq mi
ZIP Area
1,669
Density / Sq Mi
$60,882
Median Household Income
$35,571
Median Earnings
$916
Median Rent
$168,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Downtown multifamily property located along Dubuque’s Main Street corridor.
Where is this multifamily property located?
The property is located at 1337 Main Street Dubuque, IA.
What is the asking price?
The asking price for this property is $846,511.
What are key features of this property?
This property features: Downtown Dubuque multifamily property located along the Main Street corridor; Year built: 1900; Walkable to local restaurants, retail shops, entertainment venues, and the Mississippi River riverfront district
