2535 Central Avenue, Dubuque, IA 52001
Local realty services provided by:CENTURY 21 Signature Real Estate
2535 Central Avenue,Dubuque, IA 52001
$1,050,000
- - Beds
- - Baths
- 17,136 sq. ft.
- Multi-family
- Active
Listed by: marcus anderson
Office: equity real estate group llc.
MLS#:154699
Source:IA_DBOR
Price summary
- Price:$1,050,000
- Price per sq. ft.:$61.27
About this home
Located 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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Home facts
- Year built:1920
- Listing ID #:154699
- Added:1 day(s) ago
- Updated:May 23, 2026 at 04:44 AM
Rooms and interior
- Kitchen Description:Range, Refrigerator
- Basement Description:Full
- Living area:17,136 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition Shingle
- Year built:1920
- Building area:17,136 sq. ft.
- Construction Materials:Brick
- Foundation Description:Rock
Schools
- High school:S. Hempstead
- Middle school:Jefferson Jr High
- Elementary school:Eisenhower
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$61.27
Features and amenities
- Appliances:Range, Refrigerator
- Amenities:Laundry, Smoke Detectors
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