Updated Tri-Plex
1499 W 3rd Street Dubuque, IA 52001
New
For Sale
$204,900
MULTI_FAMILY - Dubuque, IA
Property Size1,910 SF
Price / SF$107.28
Days on Market5
Property Features for 1499 W 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R2
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Basement
Parking features
On Street
Basement
Full
Appliances
Refrigerator, Range, Washer, Dryer
Standard status
Active
APN
1026277023
Size
1,910 SF
Taxes and HOA fees
Tax Annual Amount
2474
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1921
Floors in Building
2
Number of units
3
Building materials
Steel Siding
Roof type
Composition
Listing Agency:
Brissey Realty LLC
(563) 583-1737
Listed By:
Vicki Bechen · License #IL
(563) 590-2287
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 28 at 4:06AM
MLS# 155292
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This well-cared-for tri-plex offers three separate apartments with updates already in place. The property is described as well maintained, with apartment interiors noted as updated.
The building is located at 1499 W 3rd Street in Dubuque, IA 52001, in an R2 zoning district. Public remarks indicate the property is in a desirable area close to downtown and West End.
For buyers seeking a residential income property, this tri-plex configuration provides multiple units under one ownership.
The building is located at 1499 W 3rd Street in Dubuque, IA 52001, in an R2 zoning district. Public remarks indicate the property is in a desirable area close to downtown and West End.
For buyers seeking a residential income property, this tri-plex configuration provides multiple units under one ownership.
Key Highlights
- Tri‑plex built in 1921
- Steel siding exterior with a composition roof
- Forced‑air heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $12.60 |
| − Vacancy | −$1.1k | −$0.57 |
| EGI | $23.0k | $12.03 |
| − OpEx | −$6.9k | −$3.61 |
| NOI | $16.1k | $8.42 |
1,910 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$207.5K
$181.5K – $242.0K
NOI $14,522 @ 7.0% cap · market cap 7.09%
Theoretical Best
Specialty Retail
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-cared-for tri-plex with updated apartments, offered for sale in an R2 zoning district.
Where is this triplex located?
The property is located at 1499 W 3rd Street Dubuque, IA.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Tri‑plex built in 1921; Steel siding exterior with a composition roof; Forced‑air heating
