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Solon Iowa 8 Plex 230 S Dubuque St 8 Unit Apartment Building $1,018,500 CAD ($127,313 CAD/Unit) 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,018,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $127,313 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.67% | Building Size | 6,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1908/2020 |
| Property Subtype | Apartment |
| Price | $1,018,500 CAD |
| Price Per Unit | $127,313 CAD |
| Sale Type | Investment |
| Cap Rate | 7.67% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| 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 | - | - |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0224377002 | Total Assessment | $493,558 CAD |
| Land Assessment | $59,508 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $434,050 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0224377002
Land Assessment
$59,508 CAD
Improvements Assessment
$434,050 CAD
Total Assessment
$493,558 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Solon Iowa 8 Plex | 230 S Dubuque St
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