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About This Home

This 14-bedroom, 0-bathroom multi-family at 2901 Central Avenue in Dubuque, IA is listed for $3,663,000 ($112 per sqft). Built in 1896, the home offers 32,809 sqft of living space on a N/A lot.

Agent Description

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!

Key Features

  • Built in 1896

Property Details

8 full
1896

Amenities

A/C

Monthly Cost Estimate

$19,590/mo

20% down · 6.5% · 30 years

Principal$2,649
Interest$15,873
Insurance$1,068

Estimates only. Actual payments may vary.

Location

2901 Central Avenue

Dubuque, IA 52001

LOT 2-1 PARAGON SQUARE & LOT 1-1 PARAGON SQUARE

Property Details

Construction

Brick

Parking

Off Street

Heating

Forced Air

Cooling

Central Air

Appliances

RefrigeratorRangeDishwasherWasherDryer

Questions & Answers

This 14-bedroom, 0-bathroom multi-family at 2901 Central Avenue is listed at $3,663,000 ($112/sqft). The estimated monthly payment is $15,873 based on 20% down at 6.5% interest.

Key features include: Built in 1896.

This property is listed by Austin Healey and can be reached at 5635996912 or austinsells13@gmail.com.

AH

Austin Healey

Agent at Remax Advantage

(563) 599-6912

Listed by Remax Advantage

MLS# 153344· Source: listhub· Updated 168 days ago

Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2901 Central Avenue, Dubuque, IA 52001

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