Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present Arbor Glen, a 64-unit Low Income Housing Tax Credit apartment building located in Dubuque, Iowa. This property is being offered for sale on a free-and-clear basis. Nestled along the Mississippi River, Dubuque has built a resilient and diversified economy. While manufacturing remains a core contributor—with sectors such as manufacturing, health care & social assistance, and retail trade among the largest employers. The region is also experiencing strong employment growth: the Dubuque County metropolitan area ranked first in year-over-year job growth among Iowa’s major metros in August 2024, adding about 1,300 jobs and achieving a non-farm employment of 61,000. Strategic redevelopment has also played a role, especially in revitalizing riverfront and downtown districts, leveraging brownfield grants to attract private investment and convert former industrial sites into mixed-use assets. Entertainment and education tie in closely to the community vibe. On the schooling front, Dubuque offers a full public K-12 system managed by the Dubuque Community School District, along with private options. The city is also home to five colleges and universities including University of Dubuque and Clarke University. When it comes to entertainment, the city offers a rich mix: nature and outdoor venues like Eagle Point Park overlooking the Mississippi River from a bluff. The downtown riverfront includes the National Mississippi River Museum & Aquarium, with interactive exhibits and a 4D theater. The historic Grand Opera House dates to 1890 and continues hosting live performances to this day. At the property Arbor Glen has recently undergone many property upgrades including but not limited to new composite decking, laminate flooring, appliances, and four new boilers. Currently the property is receiving all new steel roofs to be completed in November 2025. Given these upgrades a new owner will be able to operate with very minimal repairs in the near future.