Updated Three-Unit
For Sale
$199,500
1499 W 3rd Street, Dubuque, IA 52001
Residential Income, Dubuque, IA
Property Size1,910 SF
Price / SF$104.45
Days on Market78
Property Features for 1499 W 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R2
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
On Street
Basement
Full
Appliances
Refrigerator, Range, Washer, Dryer
Subdivision
Lot 23 O'Neills Sub #2
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: Oct 7
Last Checked: Oct 9 at 12:06PM
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 1,910-square-foot triplex contains three residential units within a structure built in 1921. The apartments are described as updated, with refrigerators, ranges, washers, and dryers included. Building features include steel siding, a composition roof, forced-air heating, and window-unit cooling.
The property is located at 1499 W 3rd Street in Dubuque, Iowa, near downtown and the West End. R2 zoning supports its residential income property classification, while on-street parking serves the building. The existing layout includes bedrooms, three bathrooms, and a basement.
The property is located at 1499 W 3rd Street in Dubuque, Iowa, near downtown and the West End. R2 zoning supports its residential income property classification, while on-street parking serves the building. The existing layout includes bedrooms, three bathrooms, and a basement.
Key Highlights
- Three‑unit triplex with 1,910 square feet
- R2 zoning for a residential income property
- Apartments described as updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,088
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
$321.8K
Cap Rate 7%
$229,829
$229.8K
Cap Rate 9%
$178,756
$178.8K
Market Conditions
NOI Build-Up for 1,910 SF
Gross rent
$24.1K $12.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$23.0K $12.03/SF
− OpEx
−$6.9K −$3.61/SF
NOI
$16.1K $8.42/SF
Area
Dubuque County, IA
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
Cap Rate 7%
$229,829
Cap Rate 9%
$178,756
Alternative Uses
Best Use
Multifamily LT 5
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$207.5K
$181.5K – $242.0K
NOI $14,522 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,094
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated apartments, R2 zoning, and on-street parking.
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 $199,500.
What are key features of this property?
This property features: Three‑unit triplex with 1,910 square feet; R2 zoning for a residential income property; Apartments described as updated
