Beverly Manor Apartments 1718 9th Ave 40 Unit Apartment Building $2,600,000 ($65,000/Unit) 7.26% Cap Rate Moline, IL 61265

Beverly Manor Apartments is a 38-unit, two-story multifamily community located at 1718–1736 9th Avenue in Moline, Illinois, one of the key cities within the Quad Cities metropolitan area. Constructed in 1963, the property features a diverse and functional unit mix comprising 12 one-bedroom units, 24 two-bedroom units, one three-bedroom/two-bath unit, and one three-bedroom/one-bath unit—providing layout variety and operational flexibility. The community is composed of four separate buildings, three of which contain four one-bedroom and eight two-bedroom units each. The fourth building consists of two side-by-side duplex-style three-bedroom apartments with individual entrances.
On-site amenities include secured building access, laundry facilities, dedicated storage, and a flexible-use common area. Interior unit features such as private balconies or decks, ceiling fans, and in-unit heating contribute to a practical and comfortable living environment. These offerings support consistent occupancy and straightforward property management.
Located in a residential area of Moline, Beverly Manor Apartments provides convenient access to everyday essentials, schools, and major local employers. The property is situated less than a mile from Stephens Park and within minutes of key educational institutions such as Moline High School, Wilson Middle School, and John Deere Middle School. Retail and service amenities nearby include Walmart, Aldi, Walgreens, and a range of local businesses along Avenue of the Cities, a major commercial corridor.
Residents also benefit from proximity to downtown Moline, which features several regional attractions including the Vibrant Arena at The MARK, the TaxSlayer Center, and the John Deere Pavilion. Interstate 74 is just minutes away, offering seamless access to other Quad Cities communities such as Rock Island, Davenport, and Bettendorf.
As part of the Quad Cities metropolitan area, now home to over 470,000 residents, Moline benefits from a stable and diverse economy anchored by global and regional employers such as John Deere, Genesis Health System, UnityPoint Health, Rock Island Arsenal, Arconic, Tyson Foods, and Amazon. The area’s connectivity via interstates, rail, and the Quad Cities International Airport makes it a strategic location for businesses and residents alike. With a strong location, accessible amenities, and a proven operating history, Beverly Manor Apartments represents a compelling opportunity to acquire a well-maintained asset in one of the Midwest’s most resilient and affordable rental markets.
Broker of Record:
Jon Ruzicka, Broker of Record, Lic #: B63379000
Marcus & Millichap, 1601 Utica Avenue South, Suite 301, Minneapolis, MN 55416
P: (952) 852-9700