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Centrally Located 4-Plex Investment
For Sale
$208,000

697 Caledonia Place, Dubuque, IA 52001

MULTI_FAMILY - Dubuque, IA

Property Size3,252 SF
Price / SF$63.96
Days on Market125

Property Features for 697 Caledonia Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning M R3
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 3, Basement
Parking features On Street
Basement Full
Appliances Refrigerator, Range
Subdivision E 1/2 L 2-2-S 1/3 L 34 & ALL L 35 KELLYS SUB
Elementary school Lincoln
Middle school Washington Jr High
High school Dubuque Senior
Standard status Active
APN 1025132042
Size 3,252 SF

Taxes and HOA fees

Tax Annual Amount 1840

Utilities

Heating system Forced Air

Building Details

Year built 1911
Floors in Building 2
Number of units 4
Building materials Asbestos
Roof type Composition
Listing Agency: John Herrig Realty
Listed By: John Herrig · License #IL, WI
Added: Apr 10 Changed: Jun 11 Last Checked: Aug 12 at 2:06PM
MLS# 154341

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.

Investment Insights

Based on property information with market context.

This centrally located 4-plex offers four separate 2-bedroom, 1-bath units. Each unit includes laundry hookups, along with a stove and refrigerator. The building is supported by four separate furnaces and has electric meters, with a full basement providing additional space.

The property is located at 697 Caledonia Place in Dubuque, Iowa, and is zoned M R3. Per the owner, tenant responsibilities include heat, electric, and cable, while the owner pays water and trash. The setup is designed for separate unit metering and straightforward billing structure.

For investors or owner-operators seeking a residential income property, this configuration provides a clear, unit-by-unit living arrangement with practical in-unit amenities like laundry hookups and included major appliances. With separate furnaces and electric meters serving the units, day-to-day operating management can be handled with a degree of independence between tenants. The property also includes a full basement that may support storage or related needs. Please allow 24-hour notice to show, as required by the owner.

Key Highlights

  • 4‑plex at 695‑697 Caledonia Pl with two 2BR, 1‑bath units per building (4 total units)
  • Each unit includes a stove, refrigerator, and laundry hookups
  • Tenant pays heat, electric, and cable; owner pays water and trash

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center (Bike/Boat/Book/etc) Store Butcher Storage Facility

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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,958
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?
Quadplex - Four rental units feature in-unit laundry hookups and separate heating systems, with utility responsibilities split between tenants and owner.
Where is this quadplex located?
The property is located at 697 Caledonia Place Dubuque, IA.
What is the asking price?
The asking price for this property is $208,000.
What are key features of this property?
This property features: 4‑plex at 695‑697 Caledonia Pl with two 2BR, 1‑bath units per building (4 total units); Each unit includes a stove, refrigerator, and laundry hookups; Tenant pays heat, electric, and cable; owner pays water and trash
More about this property
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