Three-Building Apartment
For Sale
$750,000
1735 Madison St, Dubuque, IA 52001
Eight rental units span three historic buildings with views and a recognizable architectural character.
Property Size8,496 SF
Price / SF$88.28
Days on Market89
Property Features for 1735 Madison St
General Information
Standard status
Active
Size
8,496 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Building Details
Year Built
1890
Buildings
3
Listing Agency:
Century 21 Signature Real Estate
Listed By:
Kelly Kohlhaas
(563) 580-4818
Source:
Kwlegacyrealty
Added: Jul 20
Changed: Sep 14
Last Checked: Oct 14 at 11:51PM
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 Century 21 Signature Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property consists of three separate buildings containing eight rental units and approximately 8,496 square feet. Constructed in 1890, the buildings feature historic architectural character and views associated with the property.
The property is located at 1735 Madison St in Dubuque, Iowa. Its configuration combines multiple residential buildings and rental units within one offering.
The property is located at 1735 Madison St in Dubuque, Iowa. Its configuration combines multiple residential buildings and rental units within one offering.
Key Highlights
- Three‑building apartment property
- Eight rental units across the package
- 8,496 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,597
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,940
$1.3M
Cap Rate 7%
$922,814
$922.8K
Cap Rate 9%
$717,744
$717.7K
Market Conditions
NOI Build-Up for 8,496 SF
Gross rent
$122.3K $14.40/SF
− Vacancy
−$4.9K −$0.58/SF
EGI
$117.4K $13.82/SF
− OpEx
−$52.9K −$6.22/SF
NOI
$64.6K $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%
$1,291,940
Cap Rate 7%
$922,814
Cap Rate 9%
$717,744
Alternative Uses
Best Use
Apartment 5plus
$922.8K
$807.5K – $1.08M
NOI $64,597 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,739 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,468
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
Frequently Asked Questions
What type of property is this?
Apartment building - Eight rental units span three historic buildings with views and a recognizable architectural character.
Where is this apartment building located?
The property is located at 1735 Madison St Dubuque, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑building apartment property; Eight rental units across the package; 8,496 square feet of property size
