Turnkey 4-plex investment opportunity featuring three very spacious residential units and one long-term commercial daycare tenant. This exceptionally maintained solid all-brick building offers solid cash flow and numerous upgrades, including tinted plate glass front windows in the commercial unit. Plus newer boilers and forced air and much more. Features include separate utilities (electric/gas), 3 porches, fenced yard, and 5-car off-street parking. Fully rented and ready for day one cash flow! Excellent investment!!
Point, located between the Mississippi Riverfront and the bluffs along Grandview Avenue, is a historic and residential Dubuque neighborhood with brick rowhouses and river-facing overlooks. The neighborhood’s character concentrates around the 4th Street corridor near the Millwork District, where coffee counters, galleries, and small studios set a steady street-level hum. Landmarks such as the National Mississippi River Museum & Aquarium, the Five Flags Center, and the Dubuque Museum of Art act as cultural anchors. Older commercial blocks mix with warehouse conversions, giving the streetscape a layered, walkable feel. Parks and river paths shape daily routines, while the incline of nearby streets frames long views across the channel.
Provided by Walk Score and Local Logic
Offer insights
1229 & 1233 Rhomberg Ave · $329,500
$327K and above
75% chance or better to win
Why $327K+ is a strong offer
DAYS ON MARKET
143 days
The average home goes pending in 129 days.
SALE-TO-LIST
94.4%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Refrigerator and Range included
Full basement
Bedrooms
Combination of units: 3-bedroom unit, 2-bedroom unit, and a 4-bedroom unit
Bathrooms
Multiple 1-bath units
Kitchen
Range
Refrigerator
Heating & cooling
Central air and wall units for cooling
Forced air, hot water, electric and natural gas heating
Exterior features
Rubber and shingle roofing
Land is subdivided as 25 x 137 parcels
Zoned for residential and commercial use
Home design
Residential income property configured as a quadplex
Two stories
Parking
Off-street parking
Construction
Brick construction
Stone foundation
Financial info
Actual rents listed for units: $1,000 (3-bed), $700 (2-bed), $950 (1-bath unit), $600 (4-bed)
Electricity and solar
View estimated energy costs and solar savings for this home
The C-1 district is intended to be established on a very limited basis, to provide individual parcels for commercial and residential uses in older buildings in the city's established neighborhoods, while maintaining neighborhood character and fostering opportunities for affordable housing.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Religious facility
Day care facility
Laundromat
General retail
Retail-Grocery
Housing-Single unit
Housing-Multiple units
Office
Educational/school
Apr 11, 2008 • Active
Mechanical
Install new gas piping to relocate the gas meter.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Dubuque, IA • 52001
Average low and high temperatures (°F)
28
12
36
19
54
34
62
43
72
51
82
63
85
68
81
64
80
57
68
48
49
34
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Dubuque. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1229 & 1233 Rhomberg Ave
There isn’t enough information to generate an accurate estimate at this time. Learn More