Attention investors! This 5-unit apartment building presents a unique opportunity to generate significant rental income with some final touches. Located in a desirable area, this property offers great potential for the right buyer to maximize its value. Property Details: Unit 1: 3 bedrooms, 1 bathroom Rent: $950 per month Tenants pay all utilities Landlord covers taxes and insurance Long-term tenant in place, ensuring immediate income Units 2-5: All units have been demoed and are ready for renovation Opportunity to customize and finish these units according to your vision Building Features: Potential: Transform vacant units into modern, appealing rentals, significantly increasing your rental income. Location: Situated in a convenient, sought-after neighborhood with access to schools, shopping, public transportation, and more. Structure: Solid building with a strong foundation, offering a great canvas for your renovation plans. Investment Highlights: Income Potential: With Unit 1 already rented and providing steady income, you can focus on upgrading the remaining units to boost overall rental revenue. Customization: Finish Units 2-5 as you see fit, tailoring them to attract quality tenants and maximize returns. Long-Term Growth: As the area continues to develop, property values are expected to rise, making this an ideal long-term investment. Don’t miss out on this exceptional opportunity to invest in a property with enormous upside potential. Whether you’re an experienced investor or looking to expand your portfolio, this apartment building is a smart choice. Seller prefers to sell this property along with 1499 & 1571 Bluff.
Sold for $220,000 on 01/13/25
$220,000
1551 Bluff St, Dubuque, IA 52001
11beds
5baths
4,866sqft
5 OR MORE UNITS
Built in 1880
-- sqft lot
$225,400 Zestimate®
$45/sqft
$1,214 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 13, 2025 at 02:13pm
Listed by:
Mike Vaupel 605-281-0261,
EXIT Realty Fireside
Bought with:
Outside MLS
UNKNOWN OFFICE
Source: East Central Iowa AOR,MLS#: 149445

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
Heating
- Other
Cooling
- None
Appliances
- Included: Range, Refrigerator
Features
- Basement: Full
Interior area
- Total structure area: 4,866
- Total interior livable area: 4,866 sqft
- Finished area above ground: 3,244
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 1024329040
- Zoning: M
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 OR MORE UNITS
Materials
- Brick
- Foundation: Other
- Roof: Flat
Condition
- Year built: 1880
Community & neighborhood
Location
- Region: Dubuque
HOA & financial
Other financial information
- Total actual rent: 4350
Other
Other facts
- Listing terms: Cash,Financing
Services availability

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