1229 & 1233 Rhomberg Avenue
Dubuque, IA 52001-1851
$329,500
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!!
| Listing Id: | 154544 |
|---|---|
| List Price: | $329,500 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Living Area: | 5,152 |
| Waterfront?: | No |
| City: | Dubuque |
| County Or Parish: | Dubuque |
| Subdivision Name: | Sw 1/2-Lot 55 Mc Craney's 1 St Add-Ne 1/2-Lot 55 Mc |
| Postal Code: | 52001-1851 |
| Year Built: | 1904 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 5,152 |
| Appliances: | Refrigerator, Range |
| Basement: | true |
| Basement: | Full |
| Heating: | Forced Air, Hot Water, Other |
| Elementary School: | Marshall |
| State Or Province: | IA |
| High School: | Dubuque Senior |
| Cooling: | Central Air, Wall Unit(s) |
| Construction Materials: | Brick |
| Middle Or Junior School: | Jefferson Jr High |
| Foundation Details: | Rock |
| Listing Contract Date: | 2026-05-04 |
| Parcel Number: | 1118310010, 1118310011 |
| Original List Price: | $324,500 |
| MLS Area Major: | Dubuque Area |
| Roof: | Composition, Rubber |
| Zoning: | Residential, Commercial |
| Levels: | Two |
| Operating Expense: | $9,334 |
| Insurance Expense: | $5,000 |
| Net Operating Income: | $29,066 |
| Lot Size Dimensions: | 25x137 & 25x137 |
| Maintenance Expense: | $1,000 |
| Owner Pays: | Water |
| Listing Terms: | Cash, Private Financing Available |
| Tenant Pays: | Gas, Electricity, Heat |
| Possession: | Agreed |
| Other Parking: | Off Street |
| Actual Rents: | Y |
| Annual Gross Tax Amount: | $3,334 |
| Auction Yn: | No |
| Fuel Type: | Gas, Electric |
| Garage Features: | No Features |
| Garage Type: | None |
| Projected Rents: | N |
| Rents Time Period: | Y |
| Utilities Expense: | $2,400 |
| Year Gross: | $40,800 |
| Year Rents: | $40,800 |
| In Foreclosure: | No |
Listing Courtesy of: Realty Pros LTD.
Listing Agent: Thomas Sitzmann
563-580-1415
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East Central Iowa AOR data last updated on October 08, 2026 04:31 PM - CT.
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Property Last Updated: October 08, 2026 04:31 PM - CT
