Five-Unit Apartment
For Sale
$450,000
2575 Jackson St, Dubuque, IA 52001
Fiveplex offers a mix of 2- and 3-bedroom units, a large backyard, and off-street parking.
Property Size4,322 SF
Price / SF$104.12
Days on Market47
Property Features for 2575 Jackson St
General Information
Standard status
Active
Size
4,322 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
large backyard
off street parking
Building Details
Year Built
1898
Tenancy
Multi
Listing Agency:
Ruhl & Ruhl Realtors
Listed By:
Pamela Helmer
(563) 213-2636
Source:
Kwlegacyrealty
Added: Jul 21
Changed: Aug 23
Last Checked: Sep 5 at 10:52AM
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 Ruhl & Ruhl Realtors
Investment Insights
Based on property information with market context.
This five-unit apartment building features a large backyard and off-street parking. Unit mix includes 2-bedroom and 3-bedroom configurations, with interior photos referencing the main floor unit and another unit on the third floor.
The property is being sold as an investor opportunity at 2575 Jackson St in Dubuque, IA. The building has also just received new water lines.
For buyers reviewing the current offering, the provided photo sequence corresponds to the main floor and third-floor interiors, giving a snapshot of the unit layouts and finishes available in the building.
The property is being sold as an investor opportunity at 2575 Jackson St in Dubuque, IA. The building has also just received new water lines.
For buyers reviewing the current offering, the provided photo sequence corresponds to the main floor and third-floor interiors, giving a snapshot of the unit layouts and finishes available in the building.
Key Highlights
- 5‑plex built in 1898
- Unit mix includes 2‑bedroom and 3‑bedroom units (3 units with 2 bedrooms; 1 unit with 3 bedrooms)
- Large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$657,220
$657.2K
Cap Rate 7%
$469,443
$469.4K
Cap Rate 9%
$365,122
$365.1K
Market Conditions
NOI Build-Up for 4,322 SF
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.
Gross rent
$62.2K $14.40/SF
− Vacancy
−$2.5K −$0.58/SF
EGI
$59.7K $13.82/SF
− OpEx
−$26.9K −$6.22/SF
NOI
$32.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$657,220
Cap Rate 7%
$469,443
Cap Rate 9%
$365,122
Alternative Uses
Best Use
Apartment 5plus
$469.4K
$410.8K – $547.7K
NOI $32,861 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$841.1K
$736.0K – $981.3K
NOI $58,878 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
342
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 - Fiveplex offers a mix of 2- and 3-bedroom units, a large backyard, and off-street parking.
Where is this apartment building located?
The property is located at 2575 Jackson St Dubuque, IA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5‑plex built in 1898; Unit mix includes 2‑bedroom and 3‑bedroom units (3 units with 2 bedrooms; 1 unit with 3 bedrooms); Large backyard
