Handyman Special
For Sale
$260,000
464 W 3rd St, Dubuque, IA 52001
Fourplex offered for sale and marketed as a handyman special, with described renovation potential.
Property Size3,120 SF
Price / SF$83.33
Days on Market102
Property Features for 464 W 3rd St
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
Equity Real Estate Group LLC
Listed By:
Team Dolter .
(563) 542-6829
Source:
Kwlegacyrealty
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 7 at 2:39PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,722
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,440
$474.4K
Cap Rate 7%
$338,886
$338.9K
Cap Rate 9%
$263,578
$263.6K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$44.9K $14.40/SF
− Vacancy
−$1.8K −$0.58/SF
EGI
$43.1K $13.82/SF
− OpEx
−$19.4K −$6.22/SF
NOI
$23.7K $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 Rate 5%
$474,440
Cap Rate 7%
$338,886
Cap Rate 9%
$263,578
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 authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,615
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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
