2901 Central Ave Dubuque, IA 52001
Estimated payment $20,511/month
About This Home
Check out these GORGEOUS investment properties now available to add to your portfolio! Complete with 2 Large 3 Story Buildings totaling 28 Units plus a large parking lot with 40 plus spaces! These buildings have been completely renovated and remodeled all the way through, including all new water lines, new sewer lines, new electrical, new HVAC, new framing, new insulation, new windows, new plumbing, new roof, all new luxury cosmetics including, trim, doors, cabinets, appliances, light fixtures, plus a full sprinkler system and alarm system for both buildings! The apartments have a mix of 3 bedroom (3 units), 2 bedroom (16 Units), and 1 bedroom (7 units) plus two efficiency apartments to accommodate any size of tenants. All units are equipped with their own private laundry. Rent amounts vary from 600 to 1640 per month depending on size of unit. Currently 27 units are occupied with only 1 vacancy. Rents total approximately $30,500 per month when fully occupied. This property has a consistent rental history with a great cash flow for a potential investor. Buildings are completely code compliant per the city of Dubuque. Rental Inspections have all recently passed for 18 unit building. Rental Inspection for 10 unit building passed in 2021. Full rent rolls and financials available in associated docs. Old School Building Finished Sq Ft = 23,249. Old Convent Building Finished Sq Ft = 9,560. Tenants pay all utilities in all units. Owner Pays for Trash for buildings and electric for common areas. Sale Includes both 2887 Central and 2901 Central Avenue as well as the attached parking lot!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $12,670
Year Built
- Built in 1896
Interior Spaces
- 25,544 Sq Ft Home
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- The owner pays for trash
Community Details
Overview
- 28 Units
- Lot 2 1 Paragon Square & Lot 1 1 Paragon Square Subdivision
Building Details
- Insurance Expense $30,000
- Maintenance Expense $5,000
- Operating Expense $58,110
- Net Operating Income $307,890
Map
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 |
|---|---|---|---|---|
| 2025 | $1,830 | $1,435,500 | $110,200 | $1,325,300 |
| 2024 | $1,830 | $127,200 | $66,100 | $61,100 |
| 2023 | $1,776 | $127,200 | $66,100 | $61,100 |
| 2022 | $2,386 | $122,540 | $66,130 | $56,410 |
| 2021 | $2,386 | $122,540 | $66,130 | $56,410 |
| 2020 | $3,248 | $122,540 | $66,130 | $56,410 |
| 2019 | $3,007 | $122,540 | $66,130 | $56,410 |
| 2018 | $3,190 | $102,110 | $55,110 | $47,000 |
| 2017 | $3,440 | $102,110 | $55,110 | $47,000 |
| 2016 | $3,617 | $102,110 | $55,110 | $47,000 |
| 2015 | $2,996 | $102,110 | $55,110 | $47,000 |
| 2014 | $3,034 | $102,110 | $55,110 | $47,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/29/2026 04/29/26 | Price Changed | $3,648,000 | -0.4% | $143 / Sq Ft | |
| 01/15/2026 01/15/26 | Price Changed | $3,663,000 | -1.0% | $143 / Sq Ft | |
| 10/24/2025 10/24/25 | For Sale | $3,700,000 | +3600.0% | $145 / Sq Ft | |
| 02/21/2020 02/21/20 | Sold | $100,000 | 0.0% | $5 / Sq Ft | View Prior Sale |
| 12/24/2019 12/24/19 | Pending | -- | -- | -- | |
| 12/21/2019 12/21/19 | For Sale | $100,000 | -- | $5 / Sq Ft |
Source: East Central Iowa Association of REALTORS®
MLS Number: ECR153344
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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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Ask me questions while you tour the home.