Five-Unit Apartment
For Sale
$400,000
1477 Locust St, Dubuque, IA 52001
Multifamily property with varied unit sizes, laundry hookups, central air, and off-street parking.
Property Size4,112 SF
Price / SF$97.28
Days on Market52
Property Features for 1477 Locust St
General Information
Standard status
Active
Size
4,112 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 2 x 1BR, 2 x 2BR
Multifamily Units
5
Amenities
laundry hook ups
central air
off street parking
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Ruhl & Ruhl Realtors
Listed By:
Pamela Helmer
(563) 213-2636
Source:
Kwlegacyrealty
Added: Aug 19
Changed: Sep 9
Last Checked: Oct 7 at 12:56PM
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 Ruhl & Ruhl Realtors
Investment Insights
Based on property information with market context.
This five-unit apartment property contains a mix of layouts: one four-bedroom, two-bath unit, two one-bedroom units, and two two-bedroom units. The four-bedroom unit includes laundry hookups, and the property has central air. Total building size is 4,112 square feet, with construction dating to 1890.
Located at 1477 Locust St in Dubuque, Iowa, the property occupies a corner lot and provides off-street parking. The unit mix and existing residential configuration support continued multifamily use.
Located at 1477 Locust St in Dubuque, Iowa, the property occupies a corner lot and provides off-street parking. The unit mix and existing residential configuration support continued multifamily use.
Key Highlights
- Five apartment units with a mix of one-, two-, and four‑bedroom layouts
- One four‑bedroom unit includes 2 baths and laundry hookups
- Central air serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,264
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,280
$625.3K
Cap Rate 7%
$446,629
$446.6K
Cap Rate 9%
$347,378
$347.4K
Market Conditions
NOI Build-Up for 4,112 SF
Gross rent
$59.2K $14.40/SF
− Vacancy
−$2.4K −$0.58/SF
EGI
$56.8K $13.82/SF
− OpEx
−$25.6K −$6.22/SF
NOI
$31.3K $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%
$625,280
Cap Rate 7%
$446,629
Cap Rate 9%
$347,378
Alternative Uses
Best Use
Apartment 5plus
$446.6K
$390.8K – $521.1K
NOI $31,264 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$800.2K
$700.2K – $933.6K
NOI $56,017 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,616
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied unit sizes, laundry hookups, central air, and off-street parking.
Where is this apartment building located?
The property is located at 1477 Locust St Dubuque, IA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five apartment units with a mix of one-, two-, and four‑bedroom layouts; One four‑bedroom unit includes 2 baths and laundry hookups; Central air serving the property
