2535 Central Ave
Dubuque, IA 52001
Broadway
6 Beds
7 Baths
17,136 sqft
$1,050,000
$1,050,000
6 Beds
7 Baths
17,136 sqft
Local Information
- Map ViewExplore the area around 2535 Central Ave.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
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Description
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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$61
Listed
46 days ago
Home Details for 2535 Central Ave
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Interior Details Basement: Full |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 7 |
Dimensions and Layout Living Area: 17136 Square Feet |
Appliances & Utilities Appliances: Refrigerator, RangeRefrigerator |
Heating & Cooling Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Levels: Other |
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Exterior Home Features Roof: CompositionFoundation: Rock |
Parking & Garage Other Parking: Off StreetNo CarportNo Attached GarageParking: Other |
Frontage Not on Waterfront |
Finished Area Finished Area (above surface): 11424 Square Feet |
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Cumulative Days on Market: 9Days on Market: 46 |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Other |
Building Construction Materials: Brick |
Property Information Parcel Number: 1013377034 |
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Price List Price: $1,050,000Price Per Sqft: $61 |
Status Change & Dates Off Market Date: Sat May 30 2026Possession Timing: Agreed |
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MLS Status: SUBJ TOCONTINGENCY-NOSHOW |
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Direction & Address City: DubuqueCommunity: See County Website |
School Information Elementary School: EisenhowerJr High / Middle School: Jefferson Jr HighHigh School: S. Hempstead |
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Listing Agent Listing ID: 154699 |
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Has an HOA |
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Listing Terms: Cash, Financing |
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Expense Tenant Pays: Electricity, Heat |
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Owner Pays: Gas, Trash Collection |
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BasementMls Number: 154699Projected Close Date: Wed Aug 12 2026Zillow Contingency Status: ContingentAbove Grade Unfinished Area: 11424 |
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HOA Amenities: Smoke Detectors,Laundry |
Last check for updates: about 6 hours ago
Listing courtesy of Marcus Anderson, (563) 231-1417
Equity Real Estate Group LLC
Source: East Central Iowa AOR as distributed by MLS GRID, MLS#154699
Also Listed on East Central Iowa AOR as distributed by MLS GRID.
Market trends in Dubuque
Last updated May 2026
Avg. sale price
$235K
$3.33KMoM
Sale-to-List Price
98.0%
0.6%MoM
Price per sq ft
$136
$4MoM
Available listings
190
19MoM
Price History for 2535 Central Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 06/08/2026 | $1,050,000 | Contingent | East Central Iowa AOR as distributed by MLS GRID #154699 |
| 05/21/2026 | $1,050,000 | Listed For Sale | East Central Iowa AOR as distributed by MLS GRID #154699 |
| 05/06/2025 | $1,075,000 | ListingRemoved | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 03/17/2025 | $1,075,000 | PendingToActive | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 03/06/2025 | $1,075,000 | Pending | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 03/01/2025 | $1,075,000 | ListingRemoved | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 02/26/2025 | $1,075,000 | PriceChange | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 02/04/2025 | $1,100,000 | PriceChange | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 12/23/2024 | $1,125,000 | PriceChange | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 09/19/2024 | $1,150,000 | Listed For Sale | East Central Iowa AOR as distributed by MLS GRID #150396 |
| 03/31/2022 | ListingRemoved | N/A | |
| 02/15/2020 | $500 | ListingRemoved | N/A |
| 01/25/2020 | $500 | Listed For Rent | N/A |
| 08/30/2019 | $375,000 | Sold | East Central Iowa AOR as distributed by MLS GRID #137846 |
| 06/12/2019 | $400,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 2535 Central Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.45 | Multi-Family Home | $240,000 | 07/15/25 | 12 | 4 | 4,986 | |
0.59 | Multi-Family Home | $263,000 | 12/12/25 | 8 | 3 | 3,614 | |
0.04 | Multi-Family Home | $100,000 | 10/22/25 | 2 | 2 | 3,000 | |
1.01 | Multi-Family Home | $250,000 | 07/31/25 | 6 | 5 | 6,752 | |
0.53 | Multi-Family Home | $220,000 | 05/29/26 | 6 | 2 | 2,403 | |
0.41 | Multi-Family Home | $155,000 | 02/26/26 | 5 | 2 | 2,158 | |
1.00 | Multi-Family Home | $250,000 | 07/31/25 | 5 | 5 | 6,752 | |
0.33 | Multi-Family Home | $125,000 | 01/30/26 | 4 | 2 | 1,386 | |
0.44 | Multi-Family Home | $170,000 | 07/23/25 | 4 | 2 | 1,707 | |
0.88 | Multi-Family Home | $169,000 | 09/09/25 | 6 | 5 | 3,206 |
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Assigned Schools
These are the assigned schools for 2535 Central Ave.
- Audubon Elementary School
- PK-5
- Public
- 260 Students
4/10GreatSchools RatingParent Rating AverageMy child has attended this school for four years. It is an amazing school filled with teachers and staff who truly care about my child and all the children in the school. This school is often looked down on or overlooked by parents as well as other district employees because it is a "low income" school. Despite this, Mr. Glaser leads an amazing team that is dedicated to meeting students and families where they are, forming strong connections, and doing all they can to promote success for students and families alike. They regularly go above and beyond expectations to meet the needs of those they serve. I am very please with my child's experience at Audubon and would recommend it to anyone I know.Parent Review3mo ago - Dubuque Senior High School
- 9-12
- Public
- 1455 Students
4/10GreatSchools RatingParent Rating AverageWe have had an excellent experience in academics, athletics and other concentrations for both of my children.Parent Review7y ago - Eleanor Roosevelt Middle School
- 6-8
- Public
- 1142 Students
7/10GreatSchools RatingParent Rating AverageThey treat kids very fair and make sure they are safeStudent Review5y ago 
Check out schools near 2535 Central Ave.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Broadway
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Marcus Anderson, Equity Real Estate Group LLC
Agent Phone: (563) 231-1417
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
2535 Central Ave, Dubuque, IA 52001 is a 6 bedroom, 7 bathroom, 17,136 sqft multi-family built in 1920. 2535 Central Ave is located in Broadway, Dubuque. This property is currently available for sale and was listed by East Central Iowa AOR as distributed by MLS GRID on May 21, 2026. The MLS # for this home is MLS# 154699.