Attention investors and house-hackers! This large, well-maintained two-story duplex is a turnkey property, boasting a stellar cap rate at almost 9% and right at the 1% rule. 2 units are curently rented with bonus 3rd unit in the attic (1 bed, 1 bath). While not currently zoned by the city as a traditional triplex, this bonus space presents an incredible opportunity to maximize your returns as a high-yielding Airbnb/short-term rental or to serve as the ultimate owner’s quarters. Don't miss this rare chance to acquire timeless historic charm; the perfect choice to launch your very first investment or add a powerhouse asset to your growing real estate portfolio.
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Lincoln Elementary School
Public PreK-5 • Assigned • 0.4mi
3/10
George Washington Middle School
Public 6-8 • Assigned • 0.8mi
4/10
Dubuque Senior High School
Public 9-12 • Assigned • 1.1mi
3/10
Provided by GreatSchools
About Hilltop-Ivy
League
Hilltop-Ivy League, located between Downtown Dubuque and the West End, is a historic and residential Dubuque neighborhood with blufftop streets and classic brick architecture. The neighborhood’s character concentrates around the Clarke University campus edge along W Locust Street, where academic greens and quiet sidewalks set the pace. Housing stock leans toward early-20th-century homes, with porches, mature trees, and tight-knit blocks stepping up the hill. Grandview Avenue’s overlooks and stair-stepped streets emphasize Dubuque’s topography. Nearby anchors such as Clarke University, the Five Flags Center, and the Dubuque Museum of Art add a steady cultural current.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Full basement
Bedrooms
One 2-bedroom unit
One 1-bedroom unit
One 3-bedroom unit
Bathrooms
One 1-bathroom unit
One 1-bathroom unit
One 2-bathroom unit
Kitchen
Refrigerator, range
Heating & cooling
Forced-air heating
Natural gas heating
Central air
Home design
Duplex
Two levels
Parking
On-street parking
Security
Smoke detectors
Construction
Composition roof
Stone foundation
Financial info
Monthly rents: $1,000, $900, and $1,500
Electricity and solar
View estimated energy costs and solar savings for this home
Be sure to check out this historic duplex centrally located in Dubuque near hospitals, colleges and downtown. These spacious apartments boast hardwood floors and beautiful woodwork throughout. So many possibilities with this property especially the finished space on the 3rd floor, schedule a tour to see for yourself! Currently being used as a tourist home/airbnb.
ECIMLS #134105
Dec 29, 2017
Sold
$116,000
$31/sq ft
Nov 7, 2017
Listed
$125,000
$33/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
38 ft.
Lot depth
156 ft.
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Dubuque County
APN
1025132041
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 31, 2026.
R-2A
Alternate Two-Family Residential District
The R-2A district is intended to provide for the protection of certain older areas of the community developed principally as single-family and two-family uses. Characteristics of the R-2A district are: smaller than average lot widths and area, established building lines much closer to the public right of way and required setback lines, and/or greater lot coverage than allowed in the more recent developing areas where such requirements can be provided. The R-2A district is intended to be located in those areas displaying one or more of the above characteristics. The purpose of this district is to stabilize and preserve the residential character of existing areas through the establishment of bulk regulations in conformity with existing conditions.
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Recreation
Golf related
Cemetery
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Dubuque, IA • 52001
Average low and high temperatures (°F)
28
12
36
19
54
34
62
43
72
51
82
63
85
68
81
64
79
57
66
49
49
34
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
71/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 703 Caledonia Pl
There isn’t enough information to generate an accurate estimate at this time. Learn More