2-Unit
New
For Sale
$223,000
324 Kaufmann Avenue, Dubuque, IA 52001
Residential Income, Dubuque, IA
Property Size1,650 SF
Price / SF$135.15
Days on Market3
Property Features for 324 Kaufmann Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Off Street
Appliances
Refrigerator, Range, Microwave, Washer, Dryer
Subdivision
LOT 3 SIEGE SUB
Elementary school
Prescott
Middle school
Washington Jr High
High school
Dubuque Senior
Standard status
Active
Size
1,650 SF
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Annual Amount
1282
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1886
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
KW Elite powered by KW 1Advantage · Keller Williams Realty
(563) 345-6520
Listed By:
Dianne Granger · License #S66680000
(563) 663-2400
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 30 at 3:06PM
MLS# 156045
Copyright © 2026 East Central Iowa 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.
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Investment Insights
Based on property information with market context.
This 1,650-square-foot brick duplex contains two one-bedroom units, with a bathroom in each. Built in 1886, the property has forced-air heating, window-unit cooling, and off-street parking. The upper unit includes a washer and dryer; laundry hookups for the main-level unit are located in the basement. Refrigerators, ranges, and microwaves are also listed among the appliances.
Gas and electric service are separately metered for each residence. Water and trash are maintained through separate accounts. The property is zoned Residential and is located at 324 Kaufmann Avenue in Dubuque.
Gas and electric service are separately metered for each residence. Water and trash are maintained through separate accounts. The property is zoned Residential and is located at 324 Kaufmann Avenue in Dubuque.
Key Highlights
- Two one‑bedroom units, each with its own bathroom
- 1,650 square feet in a brick building constructed in 1886
- Separate gas and electric meters for the units; water and trash have separate accounts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,898
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,960
$278.0K
Cap Rate 7%
$198,543
$198.5K
Cap Rate 9%
$154,422
$154.4K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$20.8K $12.60/SF
− Vacancy
−$936 −$0.57/SF
EGI
$19.9K $12.03/SF
− OpEx
−$6.0K −$3.61/SF
NOI
$13.9K $8.42/SF
Area
Dubuque County, IA
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,960
Cap Rate 7%
$198,543
Cap Rate 9%
$154,422
Alternative Uses
Best Use
Multifamily LT 5
$198.5K
$173.7K – $231.6K
NOI $13,898 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$179.2K
$156.8K – $209.1K
NOI $12,545 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$321.1K
$281.0K – $374.6K
NOI $22,478 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences have separate utility meters and account arrangements.
Where is this duplex located?
The property is located at 324 Kaufmann Avenue Dubuque, IA.
What is the asking price?
The asking price for this property is $223,000.
What are key features of this property?
This property features: Two one‑bedroom units, each with its own bathroom; 1,650 square feet in a brick building constructed in 1886; Separate gas and electric meters for the units; water and trash have separate accounts
