Handyman Special
464 W 3rd St Dubuque, IA 52001
New
464 W 3rd St, Dubuque, IA, 52001
$260,000
For Sale
$260,000
Fourplex offered for sale and marketed as a handyman special, with described renovation potential.
Property Size3,120 SF
Price / SF$83.33
Days on Market3
Property Features for 464 W 3rd St
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Equity Real Estate Group LLC
(563) 542-6829
Listed by
Team Dolter .
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 22 at 1:47PM Checked: Jul 23 at 5:21AM
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 LLC
Investment Insights
Based on property information with market context.
This fourplex is being marketed as a handyman special and is offered for sale with described potential for renovation. The property is configured as a residential income asset with four separate units, providing an investor-friendly setup for buyers looking to oversee improvements.
The address is 464 W 3rd St in Dubuque, Iowa. Public remarks indicate the property is located near a growing business sector and close to the Cathedral district and a new medical school, along with nearby dining and entertainment.
For a buyer evaluating opportunities to update and reposition a multi-unit asset, this fourplex presents a renovation-focused purchase with four-unit income potential.
The address is 464 W 3rd St in Dubuque, Iowa. Public remarks indicate the property is located near a growing business sector and close to the Cathedral district and a new medical school, along with nearby dining and entertainment.
For a buyer evaluating opportunities to update and reposition a multi-unit asset, this fourplex presents a renovation-focused purchase with four-unit income potential.
Key Highlights
- 4‑plex offered for sale as a handyman special with described renovation potential
- Built in 1900
- Located near the Cathedral district and near a new med school, dining, and entertainment areas
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 | $44.9k | $14.40 |
| − Vacancy | −$1.8k | −$0.58 |
| EGI | $43.1k | $13.82 |
| − OpEx | −$19.4k | −$6.22 |
| NOI | $23.7k | $7.60 |
3,120 SF · lease $14.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$338.9K
$296.5K – $395.4K
NOI $23,722 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$607.2K
$531.3K – $708.4K
NOI $42,503 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex offered for sale and marketed as a handyman special, with described renovation potential.
Where is this quadplex located?
The property is located at 464 W 3rd St Dubuque, IA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 4‑plex offered for sale as a handyman special with described renovation potential; Built in 1900; Located near the Cathedral district and near a new med school, dining, and entertainment areas
