MA
Seller's Agent in 2026
Marcus Anderson
Equity Real Estate Group LLC
(563) 231-1417
72 Total Sales
2535 Central Ave Dubuque, IA 52001
Dubuque Area
6
Beds
7
Baths
17,136
Sq Ft
1920
Built
About This Home
As of August 2026Located in the heart of Dubuque, 2535 Central Ave presents an outstanding opportunity to acquire a cash-flowing 19-unit multifamily property with major capital improvements already completed. This investment property has seen extensive updates throughout the building, helping reduce future maintenance costs while increasing long-term efficiency and tenant appeal. All units feature electric baseboard heat installed in 2022, allowing tenants to pay their own electric expenses, with the exception of Unit #5 which remains tied to the house account. Landlord expenses are limited to trash, water, and common area electric. The property also features coin-operated laundry, providing an additional income stream for ownership. Recent improvements include new windows throughout the building in 2023, new water lines throughout the building in 2024, and a new roof completed in 2021. Additional upgrades over the years include a new forced air gas furnace with ductwork in the basement, replacement of the central water heater, repaired and painted soffits, a new gas line to Unit #16, and the rehab/addition of 5 apartments. With strong in-place cash flow, significant mechanical and structural updates, and a prime Dubuque location, this property offers investors the chance to step into a stabilized asset with upside and long-term durability.
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Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,288
Year Built
- Built in 1920
Home Design
- Brick or Stone Mason
- Stone Foundation
Interior Spaces
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Parking
- No Garage
- Off-Street Parking
Schools
- Eisenhower Elementary School
- Jefferson Jr High Middle School
- S. Hempstead High School
Utilities
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for electricity, heat
- The owner pays for gas, trash
Community Details
Overview
- 19 Units
- See County Website Subdivision
Building Details
- Insurance Expense $10,899
- Maintenance Expense $3,125
- Other Expense $900
- Utility Expense $20,159
- Operating Expense $41,371
- Net Operating Income $108,329
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $415,000 | None Available | |
| Warranty Deed | $375,000 | None Available | |
| Warranty Deed | $315,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $191,127 | New Conventional | |
| Open | $430,000 | Purchase Money Mortgage | |
| Previous Owner | $327,740 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $268,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2026 08/12/26 | Sold | $1,050,000 | 0.0% | $61 / Sq Ft | |
| 05/30/2026 05/30/26 | Pending | -- | -- | -- | |
| 05/21/2026 05/21/26 | For Sale | $1,050,000 | +180.0% | $61 / Sq Ft | |
| 08/30/2019 08/30/19 | Sold | $375,000 | -6.3% | $22 / Sq Ft | View Prior Sale |
| 07/05/2019 07/05/19 | Pending | -- | -- | -- | |
| 06/10/2019 06/10/19 | For Sale | $400,000 | -- | $23 / Sq Ft |
Source: East Central Iowa Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $6,288 | $805,300 | $137,400 | $667,900 |
| 2024 | $6,288 | $437,300 | $82,400 | $354,900 |
| 2023 | $6,104 | $437,300 | $82,400 | $354,900 |
| 2022 | $7,450 | $382,500 | $82,440 | $300,060 |
| 2021 | $7,450 | $382,500 | $82,440 | $300,060 |
| 2020 | $8,800 | $382,500 | $82,440 | $300,060 |
| 2019 | $7,810 | $382,500 | $82,440 | $300,060 |
| 2018 | $8,262 | $318,750 | $68,700 | $250,050 |
| 2017 | $8,920 | $318,750 | $68,700 | $250,050 |
| 2016 | $8,920 | $318,750 | $68,700 | $250,050 |
| 2015 | $9,350 | $318,750 | $68,700 | $250,050 |
| 2014 | $12,248 | $412,160 | $68,700 | $343,460 |
Source: Public Records
Agents Affiliated with this Home
-
Marcus Anderson
-
Tom Kelzer
TK
Seller's Agent in 2019
Tom Kelzer
River Run Realty LLC
(563) 542-2898
17 Total Sales
-
Kelly Kohlhaas
Buyer's Agent in 2019
Kelly Kohlhaas
Century 21 Signature Real Estate
(563) 580-4818
145 Total Sales
Map
Source: East Central Iowa Association of REALTORS®
MLS Number: ECR154699
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of East Central Iowa Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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