230 S Dubuque St., Solon, IA 52333
- Added:
- Jan 3, 2026
- Days on Market:
- 180
- Last Refresh:
- Jul 2 at 2:06 pm
Property Features for 230 S Dubuque St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bathrooms
- 1
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
- Parking
- 4
- Parking features
- Off Street, On Street
- Interior features
- CableAvailable, RearStairs
- Appliances
- Dishwasher, Microwave, RangeOrOven, Refrigerator
- Standard status
- Active
- APN
- 0224377002
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6178
Utilities
- Heating system
- Natural Gas, Electric (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1908
- Flooring type
- Tile, Vinyl, Carpet
- Building materials
- Brick, ConcreteBlocks, Frame
- Architectural style
- Other
Listing agent Matthew Lepic License #B45389000 (319) 321-7199
Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA (319) 351-8811
Listing date Jan 3, 2026
Copyright © 2026 Iowa City Area 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.
HighLights
- 8‑plex in Solon with four units on the main floor and four units on the second floor
- Each unit offers 2 bedrooms and 1 bathroom, and the building spans 800 sq ft
- Roof fully replaced in 2020, including the brick veneer; exterior freshly painted in 2025
- Heating includes forced air with natural gas and electric options; central air cooling
- Interior features include cable available and rear stairs; flooring includes tile, vinyl, and carpet
- Appliances include dishwasher, microwave, range/oven, and refrigerator; off‑street and on‑street parking
Overview
The property is located at 230 S Dubuque St. in Solon, Iowa, and is listed under MULTI zoning. Prospective buyers should plan for scheduling requirements, as showings require 48 hours’ notice and preapproval is required to set up any showing.
For buyers seeking a straightforward, multi-unit residential income property, this layout offers consistent unit mix across two levels with two-bedroom floorplans. The combination of three fully remodeled units and the remaining units described as being in great condition may help support an operator’s day-to-day leasing and maintenance planning, while the recent exterior and roof work addresses major building exterior components.
Local Financial Insights For Apartment 5plus
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 | $103.7k | $16.20 |
| − Vacancy | −$4.1k | −$0.65 |
| EGI | $99.5k | $15.55 |
| − OpEx | −$44.8k | −$7.00 |
| NOI | $54.7k | $8.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Solon
- County
- Johnson
- State
- Iowa
- Longitude
- -91.493871
- Latitude
- 41.805606
