2274 Washington St Dubuque, IA 52001
Estimated payment $985/month
About This Home
Great First-Time Investment Opportunity! This fully rented duplex near the Bee Branch walking path is a smart start for any new investor. Both units—a spacious 2-bedroom and a 3-bedroom—are currently leased and generating solid cash flow from day one. With large rooms and off-street parking, the property offers strong tenant appeal. The 3-bedroom unit is currently rented under market value and could easily bring in $900/month, increasing the cap rate to nearly 9%. A turn-key investment with upside potential on a quiet street!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,186
Year Built
- Built in 1880
Parking
- Off-Street Parking
Home Design
- Duplex
- Poured Concrete
- Composition Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
- Range
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Radiant Heating System
- Gas Available
Listing and Financial Details
- The owner pays for trash, water
- Assessor Parcel Number 1013460029
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $840
- Maintenance Expense $1,200
- Manager Expense $1,860
- Utility Expense $1,680
- Real Estate Tax Expense $1,186
- Net Operating Income $12,074
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,186 | $84,900 | $14,300 | $70,600 |
| 2023 | $1,293 | $84,900 | $14,300 | $70,600 |
| 2022 | $1,320 | $79,870 | $12,240 | $67,630 |
| 2021 | $1,320 | $79,870 | $12,240 | $67,630 |
| 2020 | $1,400 | $78,710 | $12,240 | $66,470 |
| 2019 | $1,469 | $78,710 | $12,240 | $66,470 |
| 2018 | $1,374 | $75,000 | $11,420 | $63,580 |
| 2017 | $1,494 | $75,000 | $11,420 | $63,580 |
| 2016 | $1,494 | $77,400 | $11,420 | $65,980 |
| 2015 | $1,522 | $80,500 | $11,420 | $69,080 |
| 2014 | $1,482 | $80,500 | $11,420 | $69,080 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $160,000 | +97.5% | $64 / Sq Ft |
| 10/28/2022 10/28/22 | Sold | $81,000 | +1.3% | $34 / Sq Ft |
| 09/14/2022 09/14/22 | Pending | -- | -- | -- |
| 09/01/2022 09/01/22 | For Sale | $80,000 | +60.0% | $34 / Sq Ft |
| 02/17/2015 02/17/15 | Sold | $50,000 | -37.4% | $13 / Sq Ft |
| 01/22/2015 01/22/15 | Pending | -- | -- | -- |
| 06/23/2014 06/23/14 | For Sale | $79,900 | -- | $21 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $81,000 | -- | |
| Warranty Deed | $58,000 | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $50,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,750 | New Conventional | |
| Previous Owner | $58,125 | New Conventional | |
| Previous Owner | $70,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $10,349 | New Conventional |
Source: East Central Iowa Association of REALTORS®
MLS Number: 152569
APN: 10-13-460-029
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