NOT LISTED FOR SALE

554 W 5th St Dubuque, IA 52001

-- Bed
-- Bath
2,152 Sq Ft
1991 Built

Last Sold November 19, 2024

Last sale price $450,000 $209 Per Sq Ft

4 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 3-minute walk to Waller Cooper Park

About This Home

As of November 2024

Investment Opportunity! 4-Plex in Prime Location near the hospital! Located just footsteps from the historic 4th Street Elevator, this well-maintained 4-plex is an investor's dream. Each unit features 2 spacious bedrooms, 1 bathroom, a generous kitchen and dining area, and a private deck, perfect for relaxation. Built in 1991, the property is maintenance-free, offering peace of mind for years to come. Additional amenities include on-site laundry facilities, off-street parking, plus an extra parking lot—providing potential for additional income. With a stellar rental history and a prime, central location, this property is an ideal addition to your portfolio. Don't miss out on this rare opportunity to own a great income-generating property in a highly sought-after area!

Last Agent to Sell the Property

Ashley Erschen

Remax Advantage License #IL Listed on: 09/11/2024

Remax Advantage

Last Buyer's Agent

John Gartner

Remax Advantage

Remax Advantage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Available

Listing and Financial Details

  • Tenant pays for electric, gas, heat, water
  • The owner pays for water
  • Month-to-Month Lease Term
  • Assessor Parcel Number 1025137006
  • $10,000 Seller Concession

Community Details

Building Details

  • Insurance Expense $5,160
  • Other Expense $600
  • Utility Expense $420
  • Real Estate Tax Expense $5,000
  • Net Operating Income $26,020

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: 2 Story
  • Style2: 2 Story
  • Type: Four Plex
  • Year Built: 1991
  • Lvt Date: 09/12/2024
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Dishwasher, Washer, Dryer
  • Estimated Total Above Ground Sq Ft: 2152
  • Estimated Finished Sq Ft: 2152
  • Estimated Sq Ft: 2152
  • Estimated Main Sq Ft: 1076
  • Estimated Upper Sq Ft: 1076
  • Basement: Full

Exterior Features

  • Foundation: Pour
  • Roof: Asp/Composite Shingle
  • Siding: Vinyl

Garage/Parking

  • Garage Feature: No Features
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas
  • Heat Type: Forced Air

Condo/Co-op/Association

  • Amenities: Laundry Facilities

Lot Info

  • Lot Size: .30
  • Parcel Id Number: 1025137006
  • Zoning: M (MR R3)

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Gas, Heat, Water

Multi Family

  • Expenses Other: 600
  • Number Of Units: 4
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2024 11/19/24 Sold $450,000 -1.1% $209 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $454,900 +5.8% $211 / Sq Ft
05/18/2022 05/18/22 Sold $430,000 0.0% $230 / Sq Ft View Prior Sale
04/21/2022 04/21/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $430,000 -- $230 / Sq Ft
Source: East Central Iowa Association of REALTORS®

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 $5,142 $400,500 $78,400 $322,100
2024 $5,142 $357,600 $47,100 $310,500
2023 $4,992 $357,600 $47,100 $310,500
2022 $5,326 $273,420 $47,060 $226,360
2021 $5,326 $273,420 $47,060 $226,360
2020 $6,292 $273,420 $47,060 $226,360
2019 $5,606 $273,420 $47,060 $226,360
2018 $5,932 $228,850 $39,220 $189,630
2017 $6,404 $228,850 $39,220 $189,630
2016 $6,714 $228,850 $39,220 $189,630
2015 $6,714 $228,850 $39,220 $189,630
2014 $6,800 $228,850 $39,220 $189,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 150300

East Central Iowa Association of REALTORS®