Dubuque Multifamily Investment
For Sale
Contact for pricing
Pending
2535 Central Avenue, Dubuque, IA 52001
19-unit multifamily property with recent capital improvements in Dubuque, Iowa.
Property SizeContact for details
Days on Market102
Property Features for 2535 Central Avenue
General Information
Standard status
Pending
Class
C
Property subtype
Multifamily
Zoning
R3+
Net Operating Income
$108,329
Building Details
Year Built
1920
Units
19
Listing Agency:
Equity Real Estate Group
Listed By:
Marcus Anderson · License #Equity Real Estate Group
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Jul 24 at 12:32PM
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 Equity Real Estate Group
Investment Insights
Based on property information with market context.
Located in Dubuque, the property at 2535 Central Ave is a 19-unit multifamily property. The property has undergone extensive updates, which aim to reduce future maintenance costs and increase long-term efficiency and tenant appeal. All units, with the exception of Unit #5, feature electric baseboard heat installed in 2022, allowing tenants to pay their own electric expenses. Landlord expenses are limited to water and common area electric. Recent improvements include new windows throughout the building in 2022, new water lines throughout the building in 2023, and a new roof completed in 2024. Additional upgrades include a new forced air gas furnace with ductwork in the basement, replacement of the central water heater, repaired and painted soffits, a new gas line to Unit #16, and the rehab/addition of 5 apartments. This property offers investors the chance to step into a stabilized asset with upside and long-term durability.
Key Highlights
- Strong in‑place cash flow from 19‑unit multifamily property.
- Major capital improvements completed: new roof (2024), new water lines (2023), and new windows (2022).
- Tenants pay their own electric expenses (except Unit #5) due to electric baseboard heat installed in 2022.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 19-unit multifamily property with recent capital improvements in Dubuque, Iowa.
Where is this apartment building located?
The property is located at 2535 Central Avenue Dubuque, IA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Strong in‑place cash flow from 19‑unit multifamily property.; Major capital improvements completed: **new roof (2024), new water lines (2023), and new windows (2022).**; Tenants pay their own electric expenses (except Unit #5) due to electric baseboard heat installed in 2022.
