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230 S Dubuque St - Solon Iowa 8 Plex 8 Unit Apartment Building Offered at $750,000 at a 7.67% Cap Rate Solon, IA 52333
Executive Summary
Situated in the heart of Solon, this 8-plex has a strong rental history and excellent growth potential. Three of the units have been fully remodeled, while the remaining units are in great condition. The building consists of four units on the main floor and four on the second floor, each featuring two bedrooms and one bathroom, spanning a generous 800 square feet. Roof fully replaced, including the brick veneer, in 2020. Exterior freshly painted in 2025.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $750,000 | Property Type | Multifamily |
| Price Per Unit | $93,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 6,400 SF |
| Cap Rate | 7.67% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1908/2020 |
| Price | $750,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| Cap Rate | 7.67% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 6,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1908/2020 |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 0224377002 | Total Assessment | $358,300 |
| Land Assessment | $43,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $315,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
0224377002
Land Assessment
$43,200
Improvements Assessment
$315,100
Total Assessment
$358,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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230 S Dubuque St - Solon Iowa 8 Plex
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