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64-Unit Apartment Building
For Sale
Contact for pricing
Pending

2655 Raven Oaks Dr, Dubuque, IA 52001

LIHTC multifamily property with extensive recent upgrades and steel roof replacement underway.

Property Size61,456 SF
Days on Market286

Property Features for 2655 Raven Oaks Dr

General Information

Standard status Pending
Size 61,456 SF
Class B
Property subtype Multifamily
Zoning C1
Investment Type Stabilized

Additional Details

Multifamily Units 64

Building Details

Year Built 2003
Buildings 8
Units 64
Listing Agency: Marcus & Millichap - Minneapolis
Listed By: Joseph Ferguson · License #MN 40737246
Source: Crexi
Added: Nov 18, 2025 Changed: Aug 30 Last Checked: Aug 30 at 6:13PM

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 Marcus & Millichap - Minneapolis

Investment Insights

Based on property information with market context.

Arbor Glen is a 64-unit apartment building constructed in 2003 and operated within the Low Income Housing Tax Credit program. The property has received multiple capital improvements, including composite decking, laminate flooring, updated appliances, and four new boilers. Steel roof replacement is underway, with completion planned for November 2025.

Located at 2655 Raven Oaks Dr in Dubuque, Iowa, the property carries C1 zoning. Dubuque includes a diversified employment base spanning manufacturing, health care and social assistance, and retail trade, along with five colleges and universities. Riverfront and downtown amenities include the National Mississippi River Museum & Aquarium and the historic Grand Opera House.

Key Highlights

  • 64‑unit Low Income Housing Tax Credit apartment building
  • Built in 2003
  • C1 zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Auto Repair Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

64
Residential units

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - LIHTC multifamily property with extensive recent upgrades and steel roof replacement underway.
Where is this apartment building located?
The property is located at 2655 Raven Oaks Dr Dubuque, IA.
What are key features of this property?
This property features: 64‑unit Low Income Housing Tax Credit apartment building; Built in 2003; C1 zoning
More about this property
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